Political Quotes

“Mr. Speaker, today I rise to urge support of the conference report that contains within it the increased development of affordable housing. The FHA loan limits have not been raised since 1992 despite dramatic increases in construction cost and critical demand for affordable rental housing. In a number of cities nationwide, and those in West Virginia as well, there has been no new construction under the FHA program in 4 years. The need for affordable housing is well documented, and today 13.7 million households face a critical housing need. The availability of decent housing has been deeply harmed by the lack of financing to produce these units. By increasing the multifamily loan limits, FHA will stimulate not only new construction, but rehabilitation of existing infrastructure in many cities across the country. I look forward to giving my wholehearted support to this conference report.”