With the housing market showing signs of stabilization, our economy beginning to recover, and the need for fiscal discipline crystal clear, now is the moment to reorient HUD for the challenges of the 21st century.
Donovan emphasizes the need for HUD to adapt to current economic conditions.
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If there are regulations that stand in the way of doing smart things, cut the red tape.
We believe sequestration should be reversed. We believe that is the right course.
It was clear that the road to recovery would be long and difficult. But if you know anything about the people from this region--and I am proud to count myself as one of them--it is that they are resilient.
If the administration's actions and proposals will not be sufficient to restore FHA's fiscal health, then I plan to work with my colleagues on both sides of the aisle on the Banking Committee to find a bipartisan way to make that happen.