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Wexler to Hold Town Hall in Broward County |
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Please join Congressman Wexler for a town hall forum with Broward elected officials on Monday, May 12: 2:30 p.m. Palm Aire Community Town Hall 800 Southwest 36th Ave, Pompano Beach, FL Herb Skolnick Civic Center
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May 9, 2008 |
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Wexler Lauds Passage of Comprehensive Response to America's Housing Crisis |
Today, Congressman Robert Wexler (D-FL) lauded the passage of legislation that aggressively responds to the nation’s housing crisis. For the past year, the number of Florida families at risk of losing their homes has spiked dramatically, and currently 1 in every 97 Florida homes is facing foreclosure. The House of Representatives passed two key pieces of legislation, the Neighborhood Stabilization Act, and the American Housing Rescue and Foreclosure Prevention Act of 2008, aimed at stabilizing the housing market and helping communities recover from foreclosures.
“Florida has ne of the highest foreclosure rates in the nation, and every time a home forecloses, the value of entire neighborhood declines,” said Congressman Wexler. “This legislation is designed to keep families in their homes, prevent housing values from plummeting, and help neighborhoods recover from the devastating aftereffects of foreclosures. Homeownership is still the primary method by which most American families build equity, and by stabilizing the housing market, Congress is taking a critical step towards turning our economy around.”
H.R. 5818, the Neighborhood Stabilization Act of 2008, establishes a $15 billion program for States for the purchase and rehabilitation of housing in areas hit hard by the foreclosure crisis. The legislation puts special ...read more
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May 8, 2008 |
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