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Public Statements

In Defense of Renters

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Date:
Location: Washington, DC


IN DEFENSE OF RENTERS -- (Extensions of Remarks - July 28, 2009)

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Mr. FRANK of Massachusetts. Madam Speaker, the House Financial Services Committee last week voted out by a large margin a bill to improve the way in which people who rent are treated under our Section 8 Voucher Program.

Madam Speaker, I believe that one of the contributing causes to the housing crisis that led to the economic crisis we now face was an insufficient recognition of the importance of decent rental housing, and the consequent push of people who were not economically suited to the task into homeownership. On July 5th, in the New York Daily News, former New York Mayor Ed Koch and a former aide of his, Robert Weiner, wrote an excellent article about the importance of this program. We are not yet finished with trying to improve the way in which renters are treated by federal policies, and this very thoughtful article by Ed Koch and Robert Weiner reminds us of how important it is to continue that job.[From the Daily News, July 5, 2009]

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