Waters Calls on Appropriators to Fund Affordable Housing, Community Development Lending and Investments, Investor Protections and Homelessness Assistance
Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent letters to senior Members of the House Committee on Appropriations urging them to fund the Minority Business Development Agency, the Community Development Financial Institutions (CDFI) Fund, the Securities and Exchange Commission (SEC), and programs that support affordable housing and address homelessness within the U.S. Department of Housing and Urban Development.
Chairwoman Waters sent letters to the Committee on Appropriations as follows:
To fund Minority Business Development Agency (MBDA), which is focused on the unique needs of minority business enterprises. See the full text of the letter here.
To fund the Community Development Financial Institutions (CDFI) Fund and the Community Development Revolving Loan Fund, with set asides for minority lending institutions and minority depository institutions. See the full text of the letter here.
To fund the Rural Housing Service of the U.S. Department of Agriculture, which provides relief for thousands of rural residents who may otherwise face significant rent increases or displacement. See the full text of the letter here.
To fund the U.S. Department of Housing and Urban Development’s direct rental assistance programs: public housing, the Section 8 Housing Choice Voucher (HCV) and Project-Based Rental Assistance (PBRA) programs, the Section 202 Supportive Housing for the Elderly program (Section 202), and the Section 811 Supportive Housing for People with Disabilities program. See the full text of the letter here.
To fund the Community Development Block Grant (CDBG) program, one of the most effective programs for growing local economies. See the full text of the letter here.
To fund the U.S. Department of Housing and Urban Development’s McKinney Vento Homeless Assistance Grants in FY2022, Housing Choice Vouchers, and new permanent supportive housing to address homelessness. See the full text of the letter here.
To fund the Securities and Exchange Commission (SEC), which is tasked with the important mission to protect investors; maintain fair, orderly, and efficient capital markets; and facilitate capital formation. See the full text of the letter here.
