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Committee on Financial Services

United States House of Representatives

Archive Press Releases

April 1, 1998

CLOSING STATEMENT
REPRESENTATIVE RICK LAZIO
CHAIRMAN, SUBCOMMITTEE ON HOUSING AND
COMMUNITY OPPORTUNITY


Again, I’d like to thank the witnesses on both panels for their testimony. Your experience and expertise are invaluable as the Committee continues to weigh the merits of various reforms and proposals to expand the Federal Housing Administration.

Many of you raised uncertainties and serious questions regarding HUD’s initiatives. In fairness, HUD is grappling with a comprehensive management reform plan in an environment of reducing staff resources. I would strongly urge the Department to proceed cautiously and in consultation with this Committee with new and untested programs.

Our goals here are the same--increasing and sustaining homeownership; safe and healthy neighborhoods for our children; strengthening local economies; and providing greater opportunities for low-income families to reach self-sufficiency. Working together, we can move a long way toward achieving those goals.

Again, my thanks to all of you. This hearing is adjourned.



 

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