On the recordJune 27, 2012
I'm not sure I have anything much to add to what my chairman has said, other than to just point out, if you look back at the number of dollars that were assigned for the fiscal year '11 bill, that was over $4.6 billion. So in 2012, the amount of money brought that down to under $4 billion. The $500-plus million that the gentleman from Iowa had pointed out was part of the reserves that were taken from those housing authorities around the country that had substantial reserves. So that has been done. That was a one-shot kind of a deal. And now the funding has to go back to something that is in line with the yearly fundings, going back to a period of time of well into a decade ago, that were on a different guide path. So this is just returning to that. It is at the President's request. It's below the amount that has been granted in the other body's allocation. They had a larger allocation in their numbers for it. This particular account is well below ours. It's $70 million or so below what has been provided by the chairman in the mark for this year. So I think this is entirely appropriate, given the size of the maintenance gaps and the need to keep maintaining your facilities, your housing quality so that you don't end up losing that or ending up with much higher expense for replacement. I urge a ``no'' vote on the amendment. I yield back the balance of my time. The Acting CHAIR. The question is on the amendment offered by the gentleman from Georgia (Mr. Broun).…
