I rise today disappointed but not surprised by the Bush Administration's escalating lack of interest in housing, and the rising affordable housing crisis impacting millions of families nationwide. As we all know, housing is not only a basic human right but it serves as an economic engine for the market, and the foundation for intergenerational wealth building in many of our families. Mr. Speaker, this Administration has put inconsequential energy into homeownership for the few; while people on the cusp of becoming homeowners, lifetime renters, and many in public housing are deliberately left behind. The Department of Housing and Urban Development's budget has severe proposed cuts for 2005; and it's sad when housing advocates hope Congress passes a Continuing Resolution to keep funding level, instead of hoping for a better, bigger budget. The Administration cut public housing funding dramatically. By HUD's own admission, the President's proposed budget cuts at least $1.63 billion from baseline programs.
Editor's note · Context
Addressing the affordable housing crisis and budget cuts to housing programs.
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