I have long raised concerns about the solvency of the FHA's MMI Fund and I want to make sure that our Nation's taxpayers are not exposed to the elevated risk of re-default of these already troubled mortgages.

I thank you for backing the permanent supportive housing approach that was included in the recently enacted HEARTH Act.

So we need to know what the specific amounts for this year, as we are allocating for a yearlong appropriation bill, what the benefits are, and what kind of flexibility you are asking for.

What we do not want people to have is the promise of vouchers for a budget that in the future we cannot sustain.

Let me ask about the HOPE for Homeowners foreclosure prevention initiative.

Today, as our Nation deals with the housing crisis and an economic recession, this discussion takes on an added importance.

I could not agree more with the chair that with flexibility must come accountability.

President Obama signed the HEARTH Act, homeless reauthorization bill, into law.

But I do need to signal to you some major challenges with the transformation initiative proposal that you put forth.

Section 8 tenant-based rental, a critical tool for a lot of our families today.

However, as Congress and the administration work to address the housing crisis and turn this economy around, we need to do more than maintain the status quo.