On the recordJune 13, 2006
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 get this, an additional $2 billion remains in unexpended balances. That is money. These unobligated and unexpened balances mean the program will be spending out for years to come. As of the end of fiscal year 2005, only 23 percent of all projects have been completed. We need to focus on completing what has already been approved, not adding to the already large backlog of unfinished work. Therefore, I urge a ``no'' vote on this amendment. Mr. Chairman, I yield back the balance of my time.
Source
govinfo.gov
