On the recordApril 24, 2007
I want to thank also my friends, Congressmen Neugebauer from Texas and Renzi from Arizona for their work on this legislation and for their bipartisan effort here. According to HUD, 4,200 loans have been guaranteed since the inception of the program, totaling $517 million. As lenders have become more comfortable with making loans secured by land in Indian country, interest in this program has only increased. My home State of Oklahoma represents 34 percent of the total loans guaranteed through section 184, thereby increasing the number of my constituents who have access to home ownership. Again, I want to thank Chairman Frank and Subcommittee Chairwoman Waters for recognizing the importance of the section 184 program in Indian country.
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