Barney Frank: “Even with regard to Section 8, this is helpful legislation, because the Section 8 cost is based on the cost of the…”

“Even with regard to Section 8, this is helpful legislation, because the Section 8 cost is based on the cost of the housing. To the extent we can get multifamily housing built more efficiently with financing help, then the Section 8 rent, even in one of those units, which could happen, would be nice. So this is a bill which, as I said, has no downside. I appreciate the gentleman from California noting he and I will continue to look for ways without regard to ideological party differences, which will remain and which are legitimate and which we will debate, but aside from those, we can find ways to move this along. So, again, with thanks, particularly to the gentleman from Ohio who worked very hard on this, I urge passage of the bill.”