Barney Frank said "Yes. And under the amendment of the gentleman from New York, what he says is this. He said it in his argument: If we limit the housing authority to 30 percent we are saying, ``Take any factors you want into consideration, geography, whatever, but do not go above 30 percent.'' They will charge the tenant more rent that if we say to them, ``Set the rent on whatever basis you want but there is no cap.'' I have never before heard that imposing a limit in fact required people to go higher than if there was no limit." @ PoliticalQuotes.com

On the recordMay 9, 1996

Yes. And under the amendment of the gentleman from New York, what he says is this. He said it in his argument: If we limit the housing authority to 30 percent we are saying, ``Take any factors you want into consideration, geography, whatever, but do not go above 30 percent.'' They will charge the tenant more rent that if we say to them, ``Set the rent on whatever basis you want but there is no cap.'' I have never before heard that imposing a limit in fact required people to go higher than if there was no limit.

Said by

Barney Frank

Democratic · Massachusetts

Source

govinfo.gov

Editor's note · Context

Discussing the implications of a proposed amendment on housing authority rent limits.

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