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Public Statements

Transportation, Housing and Urban Development, and Related Agencies Appropriations Act

Floor Speech

By:
Date:
Location: Washington, DC

BREAK IN TRANSCRIPT

Mr. WOMACK. Mr. Chairman, I also oppose the amendment.

The Community Development Block Grant program is very important to cities and States throughout our country. As a former mayor, I can attest to the fact of the impact the Community Development Block Grants have on our local communities. This year, we had many Members, both Republicans and Democrats, request funding for CDBG programs. For many Members, there is strong constituent support for the program.

The section 108 CDBG loan guarantee is a good community development tool because it does something that we should be interested in doing, and that is leveraging funding. With only $6 million provided in the bill, HUD is able to
make nearly a quarter of a billion dollars in loan guarantees for community development. So it's a small amount of Federal money that creates a pretty significant impact. Now, if a fee is warranted, we would encourage the authorizing committee to enact legislation to create a fee and lower the cost of the program.

So I urge a ``no'' vote on the amendment, and I yield back the balance of my time.

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