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Members urge action on housing affordability, flood insurance reform and HUD capacity during Financial Services Member Day
Summary
Representative Nellie Poe and subcommittee ranking member raised housing supply, lead remediation, rising homelessness, and the need to renew and reform the National Flood Insurance Program; committee members also discussed HUD capacity constraints and potential updates to HOME and CDBG programs.
Representative Nellie Poe told the House Financial Services Committee that housing affordability and housing safety are urgent issues for her New Jersey district and urged the committee to prioritize legislation to increase supply, remediate lead, support down payments and renew the National Flood Insurance Program (NFIP).
“One of the challenges that keeps my constituents up at night is housing,” Poe said, and described New Jersey as “one of the most densely populated states in the union” with a substantial shortfall of affordable homes. She said high rents, rising home…
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