Neighborhood Stabilization Act of 2008

NEIGHBORHOOD STABILIZATION ACT OF 2008 -- (House of Representatives - May 07, 2008)

BREAK IN TRANSCRIPT

Mrs. JONES of Ohio. Chairman Waters, I want to salute you and the work you've done in the housing area in Financial Services. Everybody knows that the Housing Subcommittee under your leadership has focused on issues important to everyday people, and I want to thank you for that leadership.

And, Madam Chairman, you know what is the most amazing thing when I sit on the floor of this House? All the superfluous stuff that is discussed when a piece of legislation that's sorely needed by the people of America comes to the floor.

Now it was a Republican administration for the past 8 years that has oversight on oil. If they wanted to do something about it, they could have done it by now. Why are they bringing it up on the housing legislation? Let's talk about oversight of all those billions of dollars that got lost in that truck in Iraq. This Republican administration.

But before I get lost, let me come to why I'm standing here. I stand here to

[Page: H3161]

support the legislation because the city of Cleveland is in desperate straits around this particular problem: Housing and foreclosures. I am so pleased that I have been able to add an amendment that would simplify the Federal historic rehabilitation tax credit in the process of this so that we can use some of this historic housing to be able to make some changes in the lives of the people.

It's just an amazing thing. I know the people of America are out there listening, and they're looking at who is it that is stepping up for them when they're in trouble? Who is it that understands that they need to pay their homeowner costs, their costs for their housing? And who is it to say, no, we're going to wait to try to figure out something else, add a new law. Come on now.

Vote for this legislation.

BREAK IN TRANSCRIPT

Source