Political Quotes

“Mr. President, along with Senators Brown, Tester, Schatz, Jones, Smith, Warren, Sinema, Warner, Menendez, Van Hollen, Cortez Masto, Kaine, Udall, Booker, Feinstein, Durbin, Merkley, and Wyden, I am introducing legislation that would create a $75 billion Housing Assistance Fund that builds on the success of the Hardest Hit Fund at the Treasury Department that I championed in 2010. The Hardest Hit Fund provided funds to 18 State-level Housing Finance Agencies, directing targeted foreclosure prevention assistance to households and neighborhoods in States like Rhode Island hit hard by the economic and housing market downturn. The Housing Assistance Fund expands this model to provide a flexible source Federal aid to all State-level Housing Finance Agencies. This Federal funding could then be used to help struggling households remain in their homes while they search for new employment or wait to get back to work. Financial assistance could go towards preventing eviction, mortgage delinquency, default, foreclosures, or loss of utility services, such as water, gas, and electricity. Funds could also be used to keep the Internet connected and remain current with property taxes. In the midst of responding to the coronavirus, we clearly need to do everything we can to help our constituents. According to CNBC, 8.7 million jobs were lost in the Great Recession, and as of April 23, 2020, more than 26 million Americans filed unemployment insurance claims in just five weeks.…”