[Congressional Record Volume 154, Number 84 (Wednesday, May 21, 2008)]
[House]
[Page H4326]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                           THE HOUSING CRISIS

  (Mr. HODES asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. HODES. Mr. Speaker, with nearly 8,000 foreclosures being filed 
daily, there is no question that Americans continue to fear losing 
their homes. In my home State of New Hampshire, it is predicted that 
nearly 4,300 families will lose their home by 2009.
  This month, the House passed landmark housing legislation that will 
address the housing crisis directly, stabilize the housing market, and 
make a real difference for families at risk of losing their home. The 
bill will also help revitalize communities that have become vacant 
because of high housing foreclosure rates.
  We are also working to provide relief to families struggling under 
the burden of higher gas prices and soaring costs for food and health 
care.
  Mr. Speaker, we cannot fix our struggling economy until we address 
the housing crisis, but the Bush administration has ignored this 
growing problem for far too long.
  I hope that President Bush and his allies will reconsider their 
opposition to our commonsense housing package so we can provide hope to 
the millions of Americans struggling in President Bush's recession.

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