Housing and Community Development
All Americans should have access to a safe, affordable place to call home, but too many families in North Carolina and around the country are denied this basic necessity. Greedy, irresponsible behavior in the subprime mortgage market, abetted by lax or nonexistent regulation has made matters much worse and contributed to the worst economic downturn since the Great Depression, leaving far too many families in desperate situations.
As the senior Democratic Member of the House Appropriations Subcommittee for Transportation and Housing and Urban Development, I strongly support adequate funding for a broad range of programs designed to promote affordable housing, homeownership, and community development. We have a responsibility to work together to bring the American dream within reach for as many as possible. I believe President Obama shares this vision, and I look forward to working with him on this critical issue.