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National Affordable Housing Trust Fund Act of 2007

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Location: Washington, DC


NATIONAL AFFORDABLE HOUSING TRUST FUND ACT OF 2007 -- (House of Representatives - October 10, 2007)

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Mr. ROSKAM. I thank the gentleman for yielding.

You know, the gentleman from Rhode Island said he was astounded, and he was bemoaning, and wondering who people like me represent.

Well, folks that I represent have a very high expectation of this Congress, and the expectation is that it's a Congress that is going to live up to and match the rhetoric of the campaign of 2006. The campaign of 2006, you recall, was a campaign that seemed to focus on living within our means.

I didn't hear, as one speaker on the other side of the aisle, the hue and cry of the American people to come up with a new program. I heard the hue and cry of people within my district to live within the means of government.

I am informed that right now the budget of the Department of Housing and Urban Development is on the order of $35 billion. When I go back to the Sixth District of Illinois, they are not bemoaning, they are not astounded. They have an expectation that we are going to live within our means, that within $35 billion, not $5 billion, not 10, not 15, not 20, not 25, not 30, but $35 billion, that the taxpayers have entrusted to us, that somehow that's not enough, and that the only way that this problem can get solved is by going to create another fund, another fund that somehow isn't going to have new Federal employees, somehow is going to be cut out of whole cloth and, counterintuitively, from my point of view, is going to create a higher cost of housing borrowing on the very people that we are trying to help. Well, the district that I represent has the expectation that we will do the right thing, that we won't get caught up in a demagogy and sound bites and so forth, but that we will look clearly at the bills that are before us.

In this case, with all due respect to the well-intentioned sponsors, this bill falls short, and we can do better.

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