Earlier today, Frank Wolf voted against HR 2895, the "National Affordable Housing Trust Fund Act of 2007." Wolf was in the small minority on this one, as the bill passed by a nearly 2 to 1 margin (264-148). Even Wolf's Republican colleague Rep. Tom Davis voted yes to "establish the National Affordable Housing Trust Fund in the Treasury of the United States to provide for the construction, rehabilitation, and preservation of decent, safe, and affordable housing for low-income families."According to the House Committee on Financial Services, this bill would represent:
...the largest expansion in federal housing programs in decades, with a goal of producing, rehabilitating and preserving 1.5 million housing units over the next 10 years. The bill as amended will initially allocate between $800 million and $1 billion annually directly to states and local communities, without increasing government spending or the federal deficit.
Great bill, in other words. As Committee Chairman Barney Frank said:
The growing shortage of affordable housing is one of the most serious social and economic problems facing our country. Given our severely constrained fiscal realities, we are today doing the best we can to address this – creating a low income housing trust fund that will be paid for in ways that do not draw from federal tax revenues
Sounds like a winner, right? So why on earth would anyone, let alone a self-proclaimed "moderate Republican" like Frank Wolf, vote against this bill? If you want to ask Rep. Wolf, contact him here, and be sure to let us know what he says. Thanks!
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