HUD

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  • Waters Condemns the Trump Administration for Betraying Homebuyers
    Posted in Press Releases on January 20, 2017 | Preview rr
    Tags: FHA, HUD

    Today Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, issued the following statement in response to the Department of Housing and Urban Development’s (HUD) announcement indefinitely suspending a reduction to the Federal Housing Administration (FHA) annual mortgage insurance premiums: “Just one hour after being sworn in, President Trump betrayed American homebuyers. Today, the Trump Administration declared its plan to indefinitely suspend President... Read more

  • Waters Dismisses Carson as a Viable Secretary of HUD
    Posted in Press Releases on January 13, 2017 | Preview rr
    Tags: HUD

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued a statement following Dr. Ben Carson’s confirmation hearing to serve as Secretary of the Department of Housing and Urban Development (HUD): “Yesterday's confirmation hearing continues the common thread that ties together the incoming Trump Administration: a fundamental lack of experience, as well as a total misunderstanding of the agencies that they have been nominated to lead and the people ... Read more

  • Waters Praises Castro for FHA Premium Reductions
    Posted in Press Releases on January 9, 2017 | Preview rr
    Tags: FHA, HUD

    In response to the U.S. Department of Housing and Urban Development’s (HUD) notice earlier today announcing the reduction of annual insurance premiums on most mortgages insured by the Federal Housing Administration (FHA), Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, praised HUD Secretary Julián Castro for his leadership in strengthening the FHA to carry out its mission to expand homeownership to low income borrowers, minority families, and first-time ho... Read more

  • Waters Calls for HUD, DOJ to Release OneWest Investigation Documents
    Posted in Press Releases on January 9, 2017 | Preview rr
    Tags: Department of the Treasury, HUD, Department of Justice

    Following her statement denouncing President-elect Trump’s nomination of Steve Mnuchin as Treasury Secretary, Congresswoman Maxine Waters (D-CA) called on the Department of Housing and Urban Development (HUD) and the Department of Justice (DOJ) to immediately release documents pertaining to investigations into any fraudulent or discriminatory activities committed by Mnuchin’s bank, OneWest. Congresswoman Waters underscored the urgency behind releasing these documents due to the conflict of inter... Read more

  • Waters Blasts Carson’s HUD Nomination
    Posted in Press Releases on December 5, 2016 | Preview rr
    Tags: HUD

    Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement after President-elect Trump announced he will nominate Dr. Ben Carson to serve as Secretary of the Department of Housing and Urban Development (HUD): “Dr. Carson’s nomination to lead the Department of Housing and Urban Development (HUD) is frightening. He may be a brain surgeon but he is not qualified to run HUD. Donald Trump knows this. During the Republican primary, he call... Read more

  • Waters, Ranking Financial Services Democrats Call On Inspectors General to Hold Trump Administration Accountable
    Posted in Press Releases on November 22, 2016 | Preview rr
    Tags: SEC, Federal Reserve, FDIC, Department of the Treasury, HUD, NCUA, FHFA, Department of Justice

    Today, top Democrats on the House Financial Services Committee sent a letter to Inspectors General at federal financial services agencies, the Department of Housing and Urban Development, and the Department of Justice, calling on them to root out any potential conflicts of interests in President-elect Donald Trump’s administration. Led by Ranking Member Maxine Waters (D-CA), the letter was also signed by Ranking Members Carolyn Maloney (D-NY), Subcommittee on Capital Markets and Government Spons... Read more

  • Waters Criticizes Republicans for Politically-Charged Hearing with HUD Secretary
    Posted in Press Releases on July 13, 2016 | Preview rr
    Tags: FHA, HUD, Speeches and Committee Statements

    In opening remarks at a House Financial Services Committee hearing today with Secretary of Housing and Urban Development Julián Castro, Ranking Member Maxine Waters (D-CA) criticized Republicans for “hijacking a very important topic in order to launch attacks on the Secretary, and the Department, rather than substantively examine the issues impacting working people in this country.” Waters highlighted the need for changes to the HUD’s Distressed Asset Stabilization Program so that it can better ... Read more

  • On House Floor, Waters Denounces Fake Republican Poverty Agenda
    Posted in Press Releases on June 9, 2016 | Preview rr
    Tags: HUD, Speeches and Committee Statements

    Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, spoke on the House floor today about the state of homelessness in the United States and how the Republican poverty plan does nothing to address this crisis. In her remarks, Ranking Member Waters noted that the recently introduced Republican poverty agenda, “would only exacerbate homelessness and punish the poor.” To that end, Waters urged support for her bill H.R. 4888, the Ending Homelessness Act of 2016 ... Read more

  • Waters: We Must Address the Crisis of Homelessness in America
    Posted in Press Releases on May 18, 2016 | Preview rr
    Tags: HUD

    Congresswoman Member Maxine Waters, Ranking Member of the House Financial Services Committee, spoke on the House floor today about the state of homelessness in our country and sent a letter to Congressional Appropriators urging an extension of the U.S. Interagency Council on Homelessness (USICH). In her letter to the House Appropriations Subcommittee on Transportation, Housing and Urban Development, Waters requested that the sunset date for USICH -- which is scheduled for Oct. 1, 2017 – be repea... Read more

  • California Democrats Introduce Proposal to Reform HUD’s Multifamily Housing Program
    Posted in Press Releases on May 11, 2016 | Preview rr
    Tags: HUD

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, introduced legislation with 14 other California Democrats representing the County of Los Angeles to address concerns with the Department of Housing and Urban Development’s (HUD) initiative to consolidate its multifamily offices, known as the “Multifamily Transformation.” The initiative is currently being implemented in certain regions across the country and the Los Angeles field office will be affec... Read more

  • Waters Praises First-Ever Housing Trust Fund Allocation for Affordable Housing, Calls for More Funding for Low-Income Households
    Posted in Press Releases on May 4, 2016 | Preview rr
    Tags: HUD

    WASHINGTON -- Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, released the following statement today regarding an announcement from the Department of Housing and Urban Development (HUD) that it will allocate $174 million to states from the National Housing Trust Fund: “There is a serious lack of affordable housing units in this country, causing undue hardships for many Americans who have trouble paying their rent. We created the National Housing Trus... Read more

  • Waters Unveils Legislation to Remove Unfair Barriers to Housing Assistance
    Posted in Press Releases on April 27, 2016 | Preview rr
    Tags: HUD

    Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, today introduced legislation that would remove unfair barriers to obtaining federal housing assistance, such as Public Housing and the Section 8 Housing Choice Voucher program. The proposal – unveiled during National Fair Housing Month and National Reentry Week – would reform eviction and screening policies so that individuals with criminal backgrounds have a second chance and fair shot at housing assistan... Read more

  • Waters Applauds HUD & DOJ Award to Los Angeles for Housing Reentry Assistance
    Posted in Press Releases on April 25, 2016 | Preview rr
    Tags: HUD, Department of Justice

    Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, applauded an announcement today from the Department of Housing and Urban Development (HUD) and the Department of Justice (DOJ) that it will award $100,000 to the Housing Authority of the City of Los Angeles (HACLA) through DOJ’s Juvenile Reentry Assistance Program (JRAP). HACLA has partnered with Public Counsel, a non-profit law firm in Los Angeles County and the largest in the country, to administer th... Read more

  • Rep. Waters Unveils Landmark Legislation to End Homelessness in America
    Posted in Press Releases on March 23, 2016 | Preview rr
    Tags: HUD

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, introduced landmark legislation that would provide significant resources to end homelessness in America. The measure is a bold effort to declare what is really needed to address this crisis. The legislation provides $13.27 billion in new funding over five years to several programs and initiatives that will help the nearly 600,000 Americans who are currently homeless -- over 170,000 of whom are unshe... Read more

  • Waters Calls For Increased Funding for Federal Housing Programs in Fiscal 2017
    Posted in Press Releases on March 18, 2016 | Preview rr
    Tags: HUD

    This week, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee that oversees federal housing programs, urged her colleagues to meet the housing needs of the country’s most vulnerable populations during the federal appropriations process for fiscal 2017. She proposed funding increases for a variety of federal housing programs, notably the Department of Housing and Urban Development’s (HUD’s) McKinney Vento Homeless Assistance Grants (McKinney Vento), in fo... Read more

  • Waters Weighs in on Punitive Smoking Ban in Public Housing
    Posted in Press Releases on February 26, 2016 | Preview rr
    Tags: HUD

    Today, Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, sent a letter to Julián Castro, Secretary of the U.S. Department of Housing and Urban Development (HUD), urging the Department to seriously reconsider the punitive approach outlined in its proposal to ban smoking in all public housing developments across the country. Ranking Member Waters’ letter follows the Department’s solicitation of comments from the public regarding its proposed plan to institute a... Read more

  • Waters: H.R. 3700 Is a Step in the Right Direction
    Posted in Press Releases on February 2, 2016 | Preview rr
    Tags: HUD, House Floor, Speeches and Committee Statements

    During floor consideration of H.R. 3700, the Housing Opportunity Through Modernization Act of 2015, Congresswoman Maxine Waters (D-CA), Ranking Member of Financial Services Committee, urged support of the bill, which seeks to enact several incremental changes across a number of federal housing programs that will allow affordable housing providers to better serve low-income families in need of housing assistance. H.R. 3700 includes text of Legislation introduced earlier this year by Ranking Membe... Read more

  • Waters Lauds Rebound in FHA Backstop Funds
    Posted in Press Releases on November 17, 2015 | Preview rr
    Tags: FHA, HUD

    Following the release of the results of the most recent independent actuarial analysis, which indicate that the Mutual Mortgage Insurance Fund (MMIF) has reached its Congressionally mandated capital reserve ratio, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, applauded FHA’s efforts to both strengthen the MMIF and expand access to homeownership for low-to-moderate income working families in the wake of the worst financial crisis in a generation. In pa... Read more

  • In Response to GOP 50th Anniversary Ideas Solicitation, Waters Outlines Approaches for Addressing Poverty and Housing Affordability
    Posted in Press Releases on November 10, 2015 | Preview rr
    Tags: HUD

    In response to a solicitation by House Financial Services Committee Chairman Jeb Hensarling (R-TX) for the public to offer ideas on alleviating poverty and housing affordability in light of the Department of Housing and Urban Development’s (HUD) 50th anniversary, Ranking Member Maxine Waters (D-CA), outlined a number of existing, proven approaches that already are helping to improve HUD’s efforts to provide the nation’s most vulnerable with housing that is safe, decent and affordable. In the let... Read more

  • Leading Financial Services Democrats Continue to Examine Federal Commitment to Post-Katrina New Orleans
    Posted in Press Releases on November 6, 2015 | Preview rr
    Tags: Flood Insurance, HUD, Speeches and Committee Statements

    Financial Services Committee Democrats, led by Ranking Member Maxine Waters (D-CA), participated in a Subcommittee field hearing, requested by Democrats, held today at the Port of New Orleans to commemorate the 10-year anniversary of Hurricane Katrina and review Federal efforts to support the City’s recovery. Several officials participated in the day’s events, including Housing and Insurance Subcommittee Chairman Blaine Luetkemeyer (D-MO), Subcommittee Ranking Member Rep. Emanuel Cleaver (D-MO),... Read more

  • Rep. Waters, Tri-Caucus Release Staff Report on Federal Financial Services Agencies’ Workforce Diversity Efforts
    Posted in Press Releases on November 5, 2015 | Preview rr
    Tags: CFPB, SEC, OCC, FDIC, Department of the Treasury, HUD, FHFA, Wealth Gap

    Federal financial services agencies have yet to reflect the racial and ethnic diversity of the American population in their workforces – this according to a Democratic Financial Services Committee staff report released during a press conference today led by Rep. Maxine Waters (D-CA), Ranking Member of the Financial Services Committee. Senior Democratic Members in attendance included the Chairs of the Congressional Black Caucus, Rep. G.K. Butterfield (D-NC) and Congressional Asian Pacific America... Read more

  • Racial Disparities Present at Most Bank Regulators, Democrats Allege
    Posted in In Case You Missed It on November 5, 2015 | Preview rr
    Tags: CFPB, SEC, OCC, CFTC, FDIC, HUD, NCUA, FHFA, Wealth Gap

    The Consumer Financial Protection Bureau is not alone in having racial disparities in its performance reviews, according to a report issued Thursday by the Democrats on the House Financial Services Committee. The report found that all seven bank, credit union and market regulators displayed significant disparities in employee evaluations, particularly among African-Americans who received lower-than-average scores at statistically significant levels at most of the agencies. Democrats requested th... Read more

  • Waters Introduces Legislation to Expand Access to Affordable Housing
    Posted in Press Releases on October 23, 2015 | Preview rr
    Tags: HUD

    In an effort to address a rapid decline in the availability of affordable housing, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, today introduced the Project Based Voucher Improvement Act. The bill would allow public housing authorities (PHAs) increased flexibility to develop new units of housing to serve vulnerable populations, including the homeless, the elderly, and persons with disabilities, and to create housing opportunities in areas where vouch... Read more

  • Waters: When Fully Resourced, HUD Works
    Posted in Press Releases on October 22, 2015 | Preview rr
    Tags: HUD, Speeches and Committee Statements

    In opening remarks during a hearing in observance of the 50th anniversary of the U.S. Department of Housing and Urban Development (HUD), Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, outlined the accomplishments of the agency and the impact HUD has had in the lives of America’s most vulnerable individuals and families. Waters also focused on the need for more robust support for HUD programs, highlighting a visit to N Street Village, a homeless service... Read more

  • Waters Expresses Support for Local Efforts to Address Homelessness in Greater Los Angeles
    Posted in Press Releases on October 20, 2015 | Preview rr
    Tags: HUD

    Congresswoman Maxine Waters (D-CA), Ranking Democrat on the Financial Services Committee in the U.S. House of Representatives, offered the following statement for the record in response to a special meeting of the Los Angeles County Board of Supervisors earlier today with Mayor Eric Garcetti and U.S. Department of Housing and Urban Development Secretary Juliàn Castro to address the City and County of Los Angeles’ ongoing efforts to address homelessness: “As Ranking Member of the Financial Servic... Read more



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