Pryor Offers Relief to Military Families Affected by Landlord Foreclosures
Senator Mark Pryor today applauded Senate passage of legislation to address the nation's housing crisis, including his provision to cover the moving expenses of military families who are forced to relocate due to the foreclosure of their leased housing.
Pryor said his amendmentaccepted as part of the legislation - allows the military to move household goods for members of the Armed Forces who are forced to relocate when the housing they are renting goes into foreclosure. The military already provides this service for servicemen and women when they are reassigned to another military installation. Pryor said this stressful situation is affecting families across the nation, but is made even more difficult when a family member is serving in Iraq or other areas of the world.
"The housing crisis has a ripple effect, and it reaches as far as our soldiers in Iraq. I just heard from one General who had 20 soldiers and airmen evicted from various landlord foreclosures. I want our soldiers focused on the mission at-hand, not concerned about their families' moving expenses. My provision covers this expense and alleviates this additional stress some of our military families are experiencing."
Pryor said the Senate's bipartisan housing legislation is not a cure-all to the economy, but does offer help to struggling homeowners and communities. Among its provisions, the legislation provides counseling to homeowners facing foreclosure; enables local communities to purchase and rehabilitate foreclosed homes to prevent dramatic losses in home values; and reforms the Federal Housing Administration to increase access to affordable, government-backed loans. Moreover, Pryor said the legislation will help prevent foreclosures in the future by improving mortgage disclosure requirements.
"This legislation offers homeowners and communities a ray of hope in today's damaged economy," Pryor said. "I'm pleased the Senate put politics aside in order to address the mounting housing crisis. I hope it's a sign of cooperative times ahead as we seek sensible solutions to turn our economy around."