Bruce F. Vento: “I rise in somewhat qualified support. I know that some provisions in this have received a lot of work. I think it is…”

“I rise in somewhat qualified support. I know that some provisions in this have received a lot of work. I think it is obvious when we are not going regular order, it makes it very difficult to, in fact, try to digest all of the aspects of a measure like this. I think there have been hearings on this, but we have not moved this through the regular procedure. It is not unusual at the end of a session, in fact, Mr. Speaker, to move on measures that have passed the House and Senate and are the product of work between them. I guess we are sending it to the Senate with the hope that they will accept it, this product hasn't passed either Chamber. There are some provisions in this bill that are very important, like the reauthorization and the Neighborhood Reinvestment Corporation, the Home Investment Partnership block grant, the HOME funds and other reauthorizations of known programs. So, I think that many of us that support housing have a lively interest in this bill. I remain concerned about the feasibility, of other provisions in this bill, and it is my understanding that there have been some qualifications put in with regard to drawing on various types of FHA funding programs. It was not too many years ago, Mr. Speaker, that there was a lot of concern and there were alarm bells going off with various reports from the Price Waterhouse accounting firm concerning the status of the FHA funds.”