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Congresswoman Maxine Waters

Representing the 43rd District of California

Housing

Homeownership has long been a central element of the American Dream.  However, millions of American families are now at risk of losing their homes to foreclosure.

 
I am focused on finding solutions that will lead us out of both the immediate housing crisis and the larger financial crisis.

 

Even before analysts and the press were focusing on our current housing crisis, I was working tirelessly to help struggling renters make their monthly payments, which can be as high as half of their income. It’s easy to sometimes forget about this substantial portion of Americans, but it is critical that we continue to support these families.

 

I am committed to doing everything in my power to keep Americans in their homes. I have been at the forefront of encouraging and promoting loan modifications, housing counseling and mortgage servicer reform. I also am dedicated to fully funding our nation’s public housing and expanding the number of housing choice vouchers so that our nation’s most at-risk individuals can access the safe, decent and affordable housing of their choice.

 

This housing crisis developed over many years through neglect, so moving forward it is important to fully fund our nation’s housing programs.



 

 

 

 

 

 

 

 

 

More on Housing

February 1, 2012 Press Release

Today, Rep. Waters released the following statement in response to President Obama's plan to help responsible homeowners and heal the housing mark. 

February 1, 2012 Press Release

Today, Rep. Waters introduced H.R. 3841, the Principal Reduction Act of 2012, which would require Fannie Mae and Freddie Mac to reduce principal on loans that they own or guarantee. She was joined by eight Members of Congress in support of this much needed legislation to stabilize the housing market.

November 22, 2011 Press Release

On November 18, 2011, Rep. Maxine Waters (CA-35) introduced a key component of President Obama's American Jobs Act—Project Rebuild. She was joined by 17 other Democratic Members as sponsors of H.R. 3502, the "Project Rebuild Act of 2011." Project Rebuild builds upon the success of the Neighborhood Stabilization Program (NSP), which Rep. Waters authored in 2008 and for which she has secured $7 billion in funding.

November 17, 2011 In The News

Below is an the opinion piece by Congresswoman Waters that was posted to her Huffington Post blog page. She authored this piece in response to the recent LA Times op-ed on multi-state settlement:

California Deserves a Better Deal

November 2, 2011 In The News

4 million American homeowners who were foreclosed upon in 2009 and 2010 will receive notices

By Associated Press, Updated: Tuesday, November 1, 2:51 PM

WASHINGTON — About 4 million homeowners who may have been improperly foreclosed upon in 2009 and 2010 are getting an opportunity to have their cases reviewed. Whether they will be reimbursed is up to the same lenders who are accused of moving too swiftly to seize their homes.

October 28, 2011 Press Release

Congresswoman Waters (CA), Ranking Member on the Subcommittee on Capital Markets and Government Sponsored Enterprises, today led 15 of her colleagues in the House of Representatives, renewing her call for U.S. bank regulators to publicly release information regarding the steps that mortgage servicers are taking to prevent illegal foreclosure practices.

August 1, 2011 Floor Statement
Congresswoman Maxine Waters went to the House floor to speak against the "Budget Control Act" or 2011 Debt Ceiling Deal. Her remarks are below:

Mr. Speaker, I must congratulate the Tea Party for extorting the deal made in their image, and their image alone.  The cuts will be deep, they will be lasting, and they will weaken an already-depressed economy. 

 

What's clear is that the Tea Party is so ideologically driven to kill government that they're willing to kill the private sector, kill jobs, and kill growth in the process.

 

July 20, 2011 Press Release

Congresswoman Waters (CA), Ranking Member on the Subcommittee on Capital Markets and Government Sponsored Enterprises, today led 11 of her colleagues in the House of Representatives urging U.S. bank regulators to publicly release information regarding the steps that mortgage servicers are taking to prevent illegal foreclosure practices.   An identical letter was sent by U.S. Senator Robert Menendez (NJ), Chairman of the Senate Subcommittee on Housing, Transportation, and Community Development, and nine additional Senators. 

July 13, 2011 Floor Statement
On July 12, 2011, the House of Representatives passed HR 1309, the Flood Insurance Reform Act of 2011 by a vote of 406-22. Congresswoman Maxine Waters, an original co-sponsor of the bill and the leading advocate for flood insurance reform in the House, worked closely with Chairwoman Judy Biggert to craft the bill and to ensure passage off the House floor. Rep. Waters delivered the statement below in support of the legislation.
June 9, 2011 Press Release
Rep. Maxine Waters (CA) applauds the Treasury Department's enforcement of Home Affordable Modification Program (HAMP) requirements on mortgage servicers:

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