Democrats Launch Congressional Task Force on Housing Stabilization

The House Democratic Caucus today reaffirmed its commitment to America’s families with the launch of a new Task Force on Housing Stabilization.

Chaired by Reps. Shelley Berkley (NV) and Dennis Cardoza (CA), the Task Force will undertake a comprehensive review of housing stabilization efforts, looking at programs that have been successful along with those that are in need of changes and improvements.

“The Task Force on Housing Stabilization is an opportunity to refocus the conversation on America’s housing crisis.  My hometown of Las Vegas has been hit hard by the housing crisis and wave of foreclosures that have swept the nation, and we can do more to help people who continue struggling to stay in their homes.  I look forward to using this forum as a means of critically evaluating those programs in place to deal with on-going foreclosure and housing issues.  That includes identifying additional ways to enhance these efforts, and improve their effectiveness, and the Housing Stabilization Task Force is an important step toward accomplishing this shared goal,” said Rep. Berkley.

“As economists have correctly stated, the foreclosure crisis was at the heart of our nation’s economic meltdown,” said Congressman Cardoza. “My district is among the most devastated regions in the country. Until we address the crisis with adequate solutions that target the hardest-hit communities, our economic recovery will lag and my constituents will continue to suffer. This task force represents a significant opportunity to study what is and isn't working as we work towards improving the federal response to this crisis.”

The Housing Stabilization Task Force will bring a renewed focus to housing issues and provide Members a forum where they can discuss ways to improve existing housing programs and examine new paths for dealing with the housing crisis.

Housing Stabilization Task Force Issues:          

• Foreclosure Mitigation
• Home Valuation
• Lending Programs
• Real Estate Market Stabilization