WASHINGTON, D.C. - Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a Housing and Insurance Subcommittee hearing entitled, “Housing Oversight: Testimony of the HUD and FHFA Inspectors General.”

Thank you very much, Mr. Chairman. 

Housing is the number one domestic issue and a priority for voters across the political spectrum. When Americans spend on average 30 to 50 percent of their income on housing, it’s no wonder they feel their paychecks don’t go as far as they should. 

Yet, MAGA Republicans are ignoring Americans’ calls to build more housing and cut costs. While I value the insights of the Inspectors General here today, they cannot offer Congress legislative solutions to act upon. But they don’t need to either, because we already know what to do. This Committee needs to get serious and pass my bills, H.R. 4233 to create over a million affordable and accessible homes, H.R. 4232 to end homelessness, and H.R. 4231 to restore the American dream of homeownership. 

I thank you. I yield back and I await the testimony of the Inspector General to see if they can help us create more housing. Or maybe they’re here for something else, I don’t know.

Thank you. I yield back.

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