Tuesday, February 02, 2016

The Republicans have been beating up the housing programs.

This is a bill that passed the US House last year. Maxine Waters is the Democratic leader of the committee. 

June 11, 2014

On June 10, the House passed (click here) by a vote of 229 to 192 its FY 2015 Transportation, Housing and Urban Development, and Related Agencies (T-HUD) appropriations bill, H.R. 4745....

...The House accepted by voice vote an amendment offered by Representative Ed Royce (R-CA) to prevent any funds in the bill from being used for the Housing Trust Fund.  As pointed out by T-HUD Subcommittee Ranking Member Ed Pastor (D-AZ) during floor debate, the bill does not contain any funding for the Housing Trust Fund.

The Housing Trust Fund puts monies in the hands of states to bring about improvements. I am quite sure the Republican housing programs creates homelessness and does little to none to end it. If one recalls, there were apartments emptied in New York City of families with children that had to take up residence in shelters.

...The HTF (click here) was established under Title I of the Housing and Economic Recovery Act of 2008, Section 1131 (Public Law 110-289). Section 1131 of HERA amended the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4501 et seq.) (Act) to add a new section 1337, entitled "Affordable Housing Allocation" and a new section 1338, entitled "Housing Trust Fund."

Program Requirements

States and state-designated entities are eligible grantees for the HTF. HUD will allocate HTF funds by formula annually. A State must use at least 80 percent of each annual grant for rental housing; up to 10 percent for homeownership; and up to 10 percent for the grantee's reasonable administrative and planning costs....

The Republicans aren't interested in helping any impoverishment in the USA. They bailout banks that cause homelessness, but, when it comes to protecting the American people they are grossly lacking the desire.

The House accepted an amendment offered by House Financial Services Committee Ranking Member Maxine Waters (D-CA) to prohibit funds from being used to relocate any asset management positions within HUD’s Office of Multifamily Housing.  Waters said her amendment would effectively stop HUD from closing any of the offices where asset management staff is currently located.  Waters is opposed to HUD’s Multifamily Housing transformation plan....

The housing bill below on the US House floor now, is a new attempt to instill more dysfunction and corruption into the USA's landscape. Chairman Waters would not recommend the bill to her members in the US House until the committee accepted Rep. Water's amendment! That should tell anyone all they need to know.