Marcy Kaptur: “I rise in full support. There are so many programs in it, such as our community development block grant program which…”

“I rise in full support. There are so many programs in it, such as our community development block grant program which helps over 1,180 communities across this country. We have been able to provide $3.79 billion in this bill, which is still, though responsible, $400 million less than we spent as a country in 2001, with many of our cities finding revenues on the decline or stuck because of the condition of the economy. So I know many of our mayors will welcome this. I rise especially to point to the programs dealing with housing counseling, $250 million in this bill through the Neighborhood Reinvestment Corporation, dollars to be disbursed within the next 60 days to help parts of the country that are just suffering so greatly because of the home mortgage foreclosure crisis. There is no more important form of savings that any American family can have than their home. What has been happening across our country is we not only have a negative savings rate, but now we have a $1 trillion housing crisis in which hundreds of thousands of people have lost their homes or are about to lose their homes.”