Barney Frank: “I would like to note that I am glad to be here endorsing the importance of homeownership; but as the gentleman from…”

“I would like to note that I am glad to be here endorsing the importance of homeownership; but as the gentleman from California indicated, homeownership is very important for a significant segment of the population, indeed, we hope for a very large majority. But there will always be people among us who, for economic reasons in particular, will not be able to afford homes, and a rounded housing policy, we will do everything we can to help with homebuilding. It will also help with rental, including the production of rental housing. I hope that we will continue to support a balanced program, indeed, with more resources than we have done previously.”