Joseph Knollenberg: “I do appreciate and share the concern that my colleagues have about abusive lending practices and the need to eliminate…”

Well, it states it in reverse, and that is my question. I thank you for the layout of the information here. You certainly raise an important issue, and I pledge to explore the issue with you further.

Let me just say that one thing I don't quite understand about what is taking place here, but I want to get to the bottom of it. Having to provide a subsidy for empty units, and that is what you are doing, with a budget that only assumes…

Every one of these projects relative to the gentleman's comments, must relate to the eligibility of the CDBG program. Every single one. We don't waive the requirements. In fact, to show how worthwhile we think these projects are, for the…

HOPE VI was intended to demolish 100,000 units of severely distressed public housing units, and the program has accomplished that goal. However, there is currently $80 million in unobligated funds going back as far as 10 years-plus. And…