WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement regarding the reauthorization of the National Flood Insurance Program (NFIP), which is set to expire at the end of the month absent Congressional action.
“It has been more than eight months since the House did its job and passed a long-term NFIP reauthorization. And yet the NFIP… Read more »
The Housing and Insurance Subcommittee met today to examine how the U.S. Department of Housing and Urban Development’s (HUD) programs manage and remedy unsafe living conditions caused by lead-based paint and mold for many individuals and families living in public and subsidized housing.
“This hearing was essential to gain valuable insight on how best to use both the private and public… Read more »
The Subcommittee on Housing and Insurance held a hearing today to review a legislative proposal to help break down barriers that prevent homeless children and youth from obtaining housing assistance and services through the Department of Housing and Urban Development (HUD).
H.R. 1511, the “Homeless Children and Youth Act of 2017,” introduced by Rep. Steve Stivers (R-OH) and Rep. David… Read more »
The Housing and Insurance Subcommittee met today to examine the current state of homelessness in America, and to discuss issues regarding veteran, youth, and any other populations affected by homelessness.
The majority of programs to reduce homelessness and provide assistance in housing services fall under the responsibility of the Department on Housing and Urban Development (HUD) and… Read more »
WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) today outlined reforms to fix America’s broken housing finance system.
During a speech at a conference on the future of the U.S. housing market, Chairman Hensarling said he would work on a bipartisan basis to come up with a reform package provided it included certain key principles. He also… Read more »
The declining fiscal condition of the Federal Housing Administration (FHA) Mutual Mortgage Insurance Fund represents “a clear and present danger to taxpayers, homebuyers and the U.S. economy” and must be addressed by Congress, said Financial Services Committee Chairman Jeb Hensarling (R-TX).
The FHA today released its fiscal year 2017 annual report on the economic health of the agency’s… Read more »
WASHINGTON – Today, the House voted 237-189 to pass the 21st Century Flood Reform Act (H.R. 2874) – a package of seven bills from the Financial Services Committee to reform and reauthorize the National Flood Insurance Program (NFIP).
The taxpayer-backed NFIP was created in 1968 to provide government insurance protection against flood risks for both homeowners and commercial businesses.… Read more »
WASHINGTON – The Financial Services Subcommittee on Housing and Insurance held a hearing on Thursday entitled “The Future of Housing in America: A Comparison of the United Kingdom and United States Models for Affordable Housing.” This hearing is part of a series undertaken by the subcommittee to assess affordable and rental housing programs 50… Read more »
WASHINGTON – Bipartisan reforms to improve the effectiveness of public housing programs were approved by the House on Tuesday by a vote of 427-0.
The reforms included in the “Housing Opportunity Through Modernization Act” update and improve outdated rules and regulations in order to give state and local housing agencies and private… Read more »
Financial Services Committee Chairman Jeb Hensarling (R-TX) made the following comments today about the financial condition of the Federal Housing Administration’s Mutual Mortgage Insurance (MMI) Fund. An independent actuarial analysis released today shows the MMI Fund’s capital ratio stands at 2.07 percent—the first time since 2008 that FHA’s reserve ratio meets the legally… Read more »
