This week, I also introduced an amendment that proposed an innovative and, I am sure my colleagues thought, unique solution to help budget strapped Jackson County. The amendment had the potential of contributing nearly $10 million ($9,596,611.61) to improvements and maintenance at Blue Springs and Longview Lakes. Sadly the Rules Committee ruled the amendment out of order.
Most of you are probably not aware that the two lakes, while operated by Jackson County Parks and Recreation, are actually leased from the Corps of Engineers for a period of 50 years. In short, the amendment ordered that half of the County’s future payments to the Corp of Engineers be redirected to capital improvements, flood control, maintenance and upkeep on the properties.
Even with the redirection, the plan would have provided the Army Corps with over $6.5 million ($6,504.447.80) in surplus over cost during the remaining course of the lease. From this reinvestment, Longview Lake would receive $5.3 million ($5, 294, 483.88) of redirected payments and Blue Springs Lake would receive $4.3 million ($4,302,127.74) as part of the plan.
I think this idea is a win-win. The Corps of Engineers is fully reimbursed for its initial outlay of funds with interest, and the County gets to re-invest some of the funds it is contractually obligated to pay into these two great Jackson County assets. While the Rules Committee may have ruled this attempt out of order, I am going to keep trying. The idea just makes a great deal of sense.
Under the plan we proposed:
Longview Lake:
Total Balance Remaining on the Lease: $10,588,967.77
With Amendment Total to be Paid to Corps: $12,962,357.10
Reinvestment in County with Amendment: $5,294,483.88 (50% of balance)
Surplus to Army Corps Over Costs: $3,852,664.10
Blue Springs Lake:
Total Balance Remaining on the Lease: $8,604,255.46
With Amendment Total to be Paid to Corps: $9,575,703.70
Reinvestment in County with Amendment: $4,302,127.73 (50% of balance)
Surplus to Army Corps Over Costs: $2,651,783.70
Though the Rules Committee ruled the amendment out of order, I look forward to working with my fellow Members and my local County Executive as we continue to think outside the box to make this idea work.
Friday, March 13, 2009
Over $36 million in federal earmarks for local priorities
Tuesday, Congress passed the Omnibus Appropriations bill for the federal government. This $410 billion budget funds the functions of the federal government for FY 2009. This bill was not completed last year like it should have been because of disagreements with the prior administration.
This bill does a great deal of good that you have probably not heard about because so much time has been devoted to earmarks. It is sad; far more time has been spent talking about the less than one percent of the budget that is earmark spending than the 99 percent in the rest of the bill. The portion of the bill not covered on CNN includes investments in:
Energy Security: Increases funding for renewable energy and energy efficiency efforts, to increase the production of clean, efficient, American energy key to our long term economic security.
Scientific Research: Makes strong investments into cutting edge science so that our nation will maintain its preeminence in the global economy.
Healthcare Access and Affordability: Improves access to quality, affordable healthcare.
Education to Promote Opportunity: Promotes our future economic strength by investing in K-12 education and helping families send their kids to college.
Workers: Helps American workers in the tough economy train for and find good jobs in safe workplaces.
Safe and Healthy America: Protects Americans by investing in programs to ensure clean air and water, and the safety of our food, medicine and consumer products.
A Critical Look: The bill cuts and eliminates programs that haven’t performed the way they should, and includes strict accountability measures to ensure American tax dollars are spent wisely. It invests in oversight efforts carried out by the Inspectors General and the Government Accountability Office.
Regulation for an Economy in Chaos: Strengthens regulatory agencies that had been neglected, to beef up their efforts during the economic crisis.
But, since so much time was spent on the one percent that earmarks represent, before I tell you about the projects I was able to fund, I want to say a few more words in their defense. The same thing Newt Gingrich famously did in the Republican Revolution of 1994 is being done now when it comes to earmarks. It is expedient for some to pit the people against their own government, to wear the cloak of an outsider while telling the mayors of our cities and volunteers of our not-for-profits that Washington knows best. Please forgive me for being skeptical we will get our fair share if we leave this to people who couldn’t find Sugar Creek on a map.
Earmarks are simply a part of a Congressional process to allocate funding for particular purposes. Eliminating the allocation does not decrease the appropriation; it simply leaves the allocation decision to a federal department or agency rather than to Congress. In other words, taking away earmarks takes your tax dollars and puts the choice to spend them in the hands of someone you did not elect to represent you.
I know it is unpopular to publicly say earmarks are needed. However, if not for earmarks, where would Kansas City, struggling with an $85 million shortfall, find the money to repair its levees to protect lives and property? At a time when charitable giving is down, I was able to secure federal dollars for battered women’s shelters and homeless assistance. If not in this bill, where will that money come from? If I can’t find money for the historic building that is crumbling on top of the players at the Mutual Musicians Foundation, where will it come from?
Megan Cloherty at Fox 4 did a very nice piece on some of this years recipients and I encourage you to take a look if you missed it. >>
So, here is the complete list of projects in our community I was able to secure funding for. I think they are worthy causes and good uses of federal tax dollars. I stand behind each of them.
$380,000 for reStart in Kansas City. The funds will provide for facility improvements. Congressman Cleaver secured these funds in conjunction with Senator Bond and Congressmen Graves.
$5.106 Million for the Missouri River from Rulo to Mouth. Funds will provide repairs to the Missouri River dikes and revetments. Nearly 300 structures are deficient and need repair to ensure reliable navigation within the river and to provide protection of the high bank of the river. Congressman Cleaver secured these funds in conjunction with Senators Bond, Harkin, Grassley, Hagel and Congressmen Cleaver and Hulshof.
$1.627 Million for Blue River Channel Modification. The funds will continue construction of channel modification and grade control structures on the Blue River. Funds will also construct the final mile of channel modification and initiate construction of grade control structures. Congressman Cleaver secured these funds in conjunction with Senator Bond.
$84,000 for the Missouri River Bed Degradation. Funds will be used to investigate Missouri River bed degradation from above Kansas City through Jefferson City and recommend economic and environmentally friendly solutions. Congressman Cleaver secured these funds in conjunction with Senators Bond, Brownback, Roberts and Congressmen Graves and others.
$100,000 for Line Creek Watershed. Congressman Cleaver secured these funds in conjunction with Congressman Graves.
$9.57 Million for Turkey Creek in Kansas City Kansas and Missouri. Funds will provide for completion of the Turkey Creek Tunnel, two railroad substructures critical to channel improvement, complete the adjacent levee, and continue design of the channel modifications. Periodic flooding within the lower two miles of Turkey Creek Basin impacts a significant industrial and commercial corridor along SW Boulevard in Kansas City, Kansas and Missouri. Congressman Cleaver secured these funds in conjunction with Senators Bond and Roberts and Congressman Moore.
$2.871 Million for the Blue River Basin Dodson Industrial District. The funds will continue construction of flood damage reduction features. Construction is of an earthen levee to connect floodwalls to achieve flood damage benefits. Congressman Cleaver secured these funds in conjunction with Senator Bond.
$1.196 Million for the Feasibility Study of a Phase II Levee in Kansas City. The funds will continue a feasibility study. Levees currently protect more than $16 billion of commercial and residential infrastructure in Kansas City. Congressman Cleaver secured these funds in conjunction with Senators Bond and Roberts and Congressmen Graves and Moore.
$638,000 for Swope Park Industrial Area. The funds will begin construction for flood damage reduction features. Congressman Cleaver secured these funds in conjunction with Senator Bond.
$262,000 for the Brush Creek Basin. Funds will provide a study to examine structural and nonstructural measures to reduce recurring flood damages in the Brush Creek Basin, considering environmental ecosystem restoration, water quality improvement, bi-state watershed cooperation, and compatible recreation development. Congressman Cleaver secured these funds in conjunction with Senators Bond, Brownback and Congressman Moore.
$381,000 for the Full Employment Council for “green collar” job training.
$95,000 for the Black Health Care Coalition to reduce the risk of cardiovascular disease (CVD) among inner city residents of Kansas City, Missouri. This Community Cardiovascular Disease Prevention Program will link community outreach workers promoting awareness of modifiable CVD risk factors and screening to appropriate evaluation and treatment. The program’s success will be evaluated for not only referral success but follow up attention and remediation of initial risk factors.
$143,000 for the Historic Jazz Foundation/Mutual Musicians Foundation Musical History Project. The Foundation has been working to properly display and archive their still photos and has been collecting live performances on film for the benefit of future generations of jazz enthusiasts. Work needs to be done on both the facility and collection.
$190,000 for Newhouse, a domestic violence shelter for women and children in Kansas City to renovate and upgrade the 86-bed facility to make the building more inhabitable, to lengthen the life of the building, and to comply with health and safety standards; and implement an energy efficient plan that will reduce the cost of utilities for years in the future.
$200,000 for the Greater Kansas City Community Foundation/LISC Neighborhood Safety Program. The requested funding will assist with community organizing and crime and safety initiatives in 4 targeted KCMO neighborhoods, working with community policing and residents to reduce elements of crime and to assist in ensuring safe neighborhoods for residents. This resident-led initiative will provide tools and training to neighborhood leaders, including Neighborhood Watch programs, and apply technology such as cameras and neighborhood wi-fi capability to identify high crime areas and criminal traffic patterns, and other innovative programs/tools which are identified as needs within 4 neighborhoods through their Quality of Life Planning.
951,500 for the National Nuclear Security Administration Kansas City Plant, operated by Honeywell for their Multi-Disciplined Integrated Collaborative Environment (MDICE) Project. Continues work begun In FY08 to develop a collaborative environment to enable robust management and visualization of electrical and mechanical data types at the systems level. The project reduces cost and waste.
$300,000 for YMCA of Greater KC, Youth Summer Prevention Programs. The Hot Summer Nights program is designed to provide a safe alternative to life on the streets for teenagers and young adults in five communities in Kansas City, Missouri. Its purpose will be to equip youth with self-confidence and skills which will help them meet life's challenges. The program will focus on building self-confidence and self-image while serving the Linwood, Southtown, Independence, Raytown, and Gladstone areas of Kansas City.
$475,000 for the City of Kansas City for improvements at Brush Creek and Troost.
$285,000 for the Kansas City Area Transportation Authority Bus Replacement Program.
$125,000 for the Kansas City Area Transportation Authority to complete the Troost Bus Rapid Transit project.
$11.5 Million for the National Rural Water Association which provides technical assistance, source water protection and ground water protection efforts small communities. The need for rural water on-site technical assistance continues to increase with the expansion of federal drinking water regulations and more stringent waste water permits. The main source of assistance for compliance with these mandates has been and will continue to be the efforts of state rural water associations including Missouri’s. Congressman Cleaver secured these funds along with Senators Bond, Barrasso, Biden, Bingaman, Brown, Brownback, Bunning, Cantwell, Chambliss, Clinton, Coleman, Collins, Conrad, Cornyn, Craig, Dodd, Dole, Dorgan, Durbin, Ensign, Enzi, Grassley, Hagel, Harkin, Hatch, Inhofe, Johnson, Kennedy, Kerry, Landrieu, Leahy, Levin, Lincoln, Lugar, Murkowski, Murray, Menendez, Nelson, Pryor, Reed, Roberts, Salazar, Sanders, Schumer, Shelby, Smith, Gordon, Snowe, Specter, Stabenow, Sununu, Tester, Thune, Voinovich, Webb, Wicker, Wyden and Representatives Aderholt, Arcuri, Etheridge, LoBiondo, McHugh, Murphy.
TOTAL: $36,379,500
This bill does a great deal of good that you have probably not heard about because so much time has been devoted to earmarks. It is sad; far more time has been spent talking about the less than one percent of the budget that is earmark spending than the 99 percent in the rest of the bill. The portion of the bill not covered on CNN includes investments in:
Energy Security: Increases funding for renewable energy and energy efficiency efforts, to increase the production of clean, efficient, American energy key to our long term economic security.
Scientific Research: Makes strong investments into cutting edge science so that our nation will maintain its preeminence in the global economy.
Healthcare Access and Affordability: Improves access to quality, affordable healthcare.
Education to Promote Opportunity: Promotes our future economic strength by investing in K-12 education and helping families send their kids to college.
Workers: Helps American workers in the tough economy train for and find good jobs in safe workplaces.
Safe and Healthy America: Protects Americans by investing in programs to ensure clean air and water, and the safety of our food, medicine and consumer products.
A Critical Look: The bill cuts and eliminates programs that haven’t performed the way they should, and includes strict accountability measures to ensure American tax dollars are spent wisely. It invests in oversight efforts carried out by the Inspectors General and the Government Accountability Office.
Regulation for an Economy in Chaos: Strengthens regulatory agencies that had been neglected, to beef up their efforts during the economic crisis.
But, since so much time was spent on the one percent that earmarks represent, before I tell you about the projects I was able to fund, I want to say a few more words in their defense. The same thing Newt Gingrich famously did in the Republican Revolution of 1994 is being done now when it comes to earmarks. It is expedient for some to pit the people against their own government, to wear the cloak of an outsider while telling the mayors of our cities and volunteers of our not-for-profits that Washington knows best. Please forgive me for being skeptical we will get our fair share if we leave this to people who couldn’t find Sugar Creek on a map.
Earmarks are simply a part of a Congressional process to allocate funding for particular purposes. Eliminating the allocation does not decrease the appropriation; it simply leaves the allocation decision to a federal department or agency rather than to Congress. In other words, taking away earmarks takes your tax dollars and puts the choice to spend them in the hands of someone you did not elect to represent you.
I know it is unpopular to publicly say earmarks are needed. However, if not for earmarks, where would Kansas City, struggling with an $85 million shortfall, find the money to repair its levees to protect lives and property? At a time when charitable giving is down, I was able to secure federal dollars for battered women’s shelters and homeless assistance. If not in this bill, where will that money come from? If I can’t find money for the historic building that is crumbling on top of the players at the Mutual Musicians Foundation, where will it come from?
Megan Cloherty at Fox 4 did a very nice piece on some of this years recipients and I encourage you to take a look if you missed it. >>
So, here is the complete list of projects in our community I was able to secure funding for. I think they are worthy causes and good uses of federal tax dollars. I stand behind each of them.
$380,000 for reStart in Kansas City. The funds will provide for facility improvements. Congressman Cleaver secured these funds in conjunction with Senator Bond and Congressmen Graves.
$5.106 Million for the Missouri River from Rulo to Mouth. Funds will provide repairs to the Missouri River dikes and revetments. Nearly 300 structures are deficient and need repair to ensure reliable navigation within the river and to provide protection of the high bank of the river. Congressman Cleaver secured these funds in conjunction with Senators Bond, Harkin, Grassley, Hagel and Congressmen Cleaver and Hulshof.
$1.627 Million for Blue River Channel Modification. The funds will continue construction of channel modification and grade control structures on the Blue River. Funds will also construct the final mile of channel modification and initiate construction of grade control structures. Congressman Cleaver secured these funds in conjunction with Senator Bond.
$84,000 for the Missouri River Bed Degradation. Funds will be used to investigate Missouri River bed degradation from above Kansas City through Jefferson City and recommend economic and environmentally friendly solutions. Congressman Cleaver secured these funds in conjunction with Senators Bond, Brownback, Roberts and Congressmen Graves and others.
$100,000 for Line Creek Watershed. Congressman Cleaver secured these funds in conjunction with Congressman Graves.
$9.57 Million for Turkey Creek in Kansas City Kansas and Missouri. Funds will provide for completion of the Turkey Creek Tunnel, two railroad substructures critical to channel improvement, complete the adjacent levee, and continue design of the channel modifications. Periodic flooding within the lower two miles of Turkey Creek Basin impacts a significant industrial and commercial corridor along SW Boulevard in Kansas City, Kansas and Missouri. Congressman Cleaver secured these funds in conjunction with Senators Bond and Roberts and Congressman Moore.
$2.871 Million for the Blue River Basin Dodson Industrial District. The funds will continue construction of flood damage reduction features. Construction is of an earthen levee to connect floodwalls to achieve flood damage benefits. Congressman Cleaver secured these funds in conjunction with Senator Bond.
$1.196 Million for the Feasibility Study of a Phase II Levee in Kansas City. The funds will continue a feasibility study. Levees currently protect more than $16 billion of commercial and residential infrastructure in Kansas City. Congressman Cleaver secured these funds in conjunction with Senators Bond and Roberts and Congressmen Graves and Moore.
$638,000 for Swope Park Industrial Area. The funds will begin construction for flood damage reduction features. Congressman Cleaver secured these funds in conjunction with Senator Bond.
$262,000 for the Brush Creek Basin. Funds will provide a study to examine structural and nonstructural measures to reduce recurring flood damages in the Brush Creek Basin, considering environmental ecosystem restoration, water quality improvement, bi-state watershed cooperation, and compatible recreation development. Congressman Cleaver secured these funds in conjunction with Senators Bond, Brownback and Congressman Moore.
$381,000 for the Full Employment Council for “green collar” job training.
$95,000 for the Black Health Care Coalition to reduce the risk of cardiovascular disease (CVD) among inner city residents of Kansas City, Missouri. This Community Cardiovascular Disease Prevention Program will link community outreach workers promoting awareness of modifiable CVD risk factors and screening to appropriate evaluation and treatment. The program’s success will be evaluated for not only referral success but follow up attention and remediation of initial risk factors.
$143,000 for the Historic Jazz Foundation/Mutual Musicians Foundation Musical History Project. The Foundation has been working to properly display and archive their still photos and has been collecting live performances on film for the benefit of future generations of jazz enthusiasts. Work needs to be done on both the facility and collection.
$190,000 for Newhouse, a domestic violence shelter for women and children in Kansas City to renovate and upgrade the 86-bed facility to make the building more inhabitable, to lengthen the life of the building, and to comply with health and safety standards; and implement an energy efficient plan that will reduce the cost of utilities for years in the future.
$200,000 for the Greater Kansas City Community Foundation/LISC Neighborhood Safety Program. The requested funding will assist with community organizing and crime and safety initiatives in 4 targeted KCMO neighborhoods, working with community policing and residents to reduce elements of crime and to assist in ensuring safe neighborhoods for residents. This resident-led initiative will provide tools and training to neighborhood leaders, including Neighborhood Watch programs, and apply technology such as cameras and neighborhood wi-fi capability to identify high crime areas and criminal traffic patterns, and other innovative programs/tools which are identified as needs within 4 neighborhoods through their Quality of Life Planning.
951,500 for the National Nuclear Security Administration Kansas City Plant, operated by Honeywell for their Multi-Disciplined Integrated Collaborative Environment (MDICE) Project. Continues work begun In FY08 to develop a collaborative environment to enable robust management and visualization of electrical and mechanical data types at the systems level. The project reduces cost and waste.
$300,000 for YMCA of Greater KC, Youth Summer Prevention Programs. The Hot Summer Nights program is designed to provide a safe alternative to life on the streets for teenagers and young adults in five communities in Kansas City, Missouri. Its purpose will be to equip youth with self-confidence and skills which will help them meet life's challenges. The program will focus on building self-confidence and self-image while serving the Linwood, Southtown, Independence, Raytown, and Gladstone areas of Kansas City.
$475,000 for the City of Kansas City for improvements at Brush Creek and Troost.
$285,000 for the Kansas City Area Transportation Authority Bus Replacement Program.
$125,000 for the Kansas City Area Transportation Authority to complete the Troost Bus Rapid Transit project.
$11.5 Million for the National Rural Water Association which provides technical assistance, source water protection and ground water protection efforts small communities. The need for rural water on-site technical assistance continues to increase with the expansion of federal drinking water regulations and more stringent waste water permits. The main source of assistance for compliance with these mandates has been and will continue to be the efforts of state rural water associations including Missouri’s. Congressman Cleaver secured these funds along with Senators Bond, Barrasso, Biden, Bingaman, Brown, Brownback, Bunning, Cantwell, Chambliss, Clinton, Coleman, Collins, Conrad, Cornyn, Craig, Dodd, Dole, Dorgan, Durbin, Ensign, Enzi, Grassley, Hagel, Harkin, Hatch, Inhofe, Johnson, Kennedy, Kerry, Landrieu, Leahy, Levin, Lincoln, Lugar, Murkowski, Murray, Menendez, Nelson, Pryor, Reed, Roberts, Salazar, Sanders, Schumer, Shelby, Smith, Gordon, Snowe, Specter, Stabenow, Sununu, Tester, Thune, Voinovich, Webb, Wicker, Wyden and Representatives Aderholt, Arcuri, Etheridge, LoBiondo, McHugh, Murphy.
TOTAL: $36,379,500
Friday, March 06, 2009
Helping Families Save Their Homes Act
Yesterday, I voted for a key piece of anti-foreclosure legislation, the Helping Families Save Their Homes Act of 2009 (H.R. 1106). The bill passed the House by a vote of 234 to 191.
The Helping Families Save Their Homes Act will put in place a key first piece of President Obama´s comprehensive Homeowner Affordability and Stability Plan. I believe it will help a great many families in our community stay in their homes. Before I go too much further on this bill, I would like to urge those of you who are in trouble with your mortgage to visit www.financialstability.gov to take an eligibility quiz for homeowners struggling to make their payments. It went live yesterday and should serve as a good first resource.
I have come to you each week for the last 6 months in this newsletter to talk to you about the dire economic situation we find ourselves in. The housing crisis is the root of the problem and until we stop the hemorrhaging we cannot hope to stabilize and rescue our economy.
On the floor yesterday, I told the story of one of our neighbors who was robbed by mortgage brokers behaving like criminals. Please take a moment to read about Sherrita Richardson here >>
Sherrita, a Kansas City bus driver with four children, found out that her home in the 3400 block of East 60th Street is worth half or less than half of what she paid for it because of an inflated appraisal.
Every 13 seconds, another American family loses their home to foreclosure. As of this morning, there were 5,228 homes in foreclosure in Jackson County, and another 523 in Cass County. Foreclosures uproot families and destroy neighborhoods. There are certainly plenty of people who knowingly got in over their heads, but foreclosures depress all our property values. You can be current on your loan and be doing all the right things, but each foreclosed home in the U.S. reduces nearby property values by as much as 9 percent.
The Helping Families Save Their Homes Act seeks to help the estimated 7- 9 million households facing possible foreclosure by including key incentives that encourage lenders to renegotiate affordable mortgages for homeowners who are underwater, at risk of foreclosure, and those nearing bankruptcy.
Specifically, the bill fixes the Hope for Homeowners program, implemented October 1, 2008, which was designed to get more families into affordable mortgages by reducing current fees that have discouraged lenders from voluntarily participating and offering new incentives for lenders to negotiate loans.
To further encourage participation in this program, the bill protects lenders from lawsuits for modifying loans. This will make reasonable loan modifications available to many more homeowners at risk of foreclosure.
To help families who have exhausted options for relief, the bill also allows bankruptcy judges to modify the terms of a loan for existing primary residence mortgages. This is what is known as the “cram-down” provision.
Currently, the mortgage for a primary residence cannot be modified in bankruptcy—unlike every other secured debt – including debts secured by second homes, investment properties, luxury yachts, and private jets. It gives families who own one home the same rights to keep their home as someone who owns two or three houses.
Stabilizing the housing market is central to restoring the American economy. We all stand to lose if we do not stop the steep decline in home prices.
An estimated 14 million homeowners in America owe more than their home is worth and many cannot refinance into an affordable mortgage.
Some homebuyers were able to make their mortgage payments until they lost their job or their income dropped. Others were victims of predatory lending by banks and are now stuck with unaffordable subprime mortgages, in danger of losing their home, through no fault of their own.
Either way, these homeowners now face foreclosure—a devastating event for a family and one that has negative implications for neighbors through depressed housing values, vacant homes, and a loss of tax revenue for local schools. Anything we can do to stop this cycle we have to pursue, or we will not find the bottom of this economy and begin our recovery.
The Helping Families Save Their Homes Act will put in place a key first piece of President Obama´s comprehensive Homeowner Affordability and Stability Plan. I believe it will help a great many families in our community stay in their homes. Before I go too much further on this bill, I would like to urge those of you who are in trouble with your mortgage to visit www.financialstability.gov to take an eligibility quiz for homeowners struggling to make their payments. It went live yesterday and should serve as a good first resource.
I have come to you each week for the last 6 months in this newsletter to talk to you about the dire economic situation we find ourselves in. The housing crisis is the root of the problem and until we stop the hemorrhaging we cannot hope to stabilize and rescue our economy.
On the floor yesterday, I told the story of one of our neighbors who was robbed by mortgage brokers behaving like criminals. Please take a moment to read about Sherrita Richardson here >>
Sherrita, a Kansas City bus driver with four children, found out that her home in the 3400 block of East 60th Street is worth half or less than half of what she paid for it because of an inflated appraisal.
Every 13 seconds, another American family loses their home to foreclosure. As of this morning, there were 5,228 homes in foreclosure in Jackson County, and another 523 in Cass County. Foreclosures uproot families and destroy neighborhoods. There are certainly plenty of people who knowingly got in over their heads, but foreclosures depress all our property values. You can be current on your loan and be doing all the right things, but each foreclosed home in the U.S. reduces nearby property values by as much as 9 percent.
The Helping Families Save Their Homes Act seeks to help the estimated 7- 9 million households facing possible foreclosure by including key incentives that encourage lenders to renegotiate affordable mortgages for homeowners who are underwater, at risk of foreclosure, and those nearing bankruptcy.
Specifically, the bill fixes the Hope for Homeowners program, implemented October 1, 2008, which was designed to get more families into affordable mortgages by reducing current fees that have discouraged lenders from voluntarily participating and offering new incentives for lenders to negotiate loans.
To further encourage participation in this program, the bill protects lenders from lawsuits for modifying loans. This will make reasonable loan modifications available to many more homeowners at risk of foreclosure.
To help families who have exhausted options for relief, the bill also allows bankruptcy judges to modify the terms of a loan for existing primary residence mortgages. This is what is known as the “cram-down” provision.
Currently, the mortgage for a primary residence cannot be modified in bankruptcy—unlike every other secured debt – including debts secured by second homes, investment properties, luxury yachts, and private jets. It gives families who own one home the same rights to keep their home as someone who owns two or three houses.
Stabilizing the housing market is central to restoring the American economy. We all stand to lose if we do not stop the steep decline in home prices.
An estimated 14 million homeowners in America owe more than their home is worth and many cannot refinance into an affordable mortgage.
Some homebuyers were able to make their mortgage payments until they lost their job or their income dropped. Others were victims of predatory lending by banks and are now stuck with unaffordable subprime mortgages, in danger of losing their home, through no fault of their own.
Either way, these homeowners now face foreclosure—a devastating event for a family and one that has negative implications for neighbors through depressed housing values, vacant homes, and a loss of tax revenue for local schools. Anything we can do to stop this cycle we have to pursue, or we will not find the bottom of this economy and begin our recovery.
My earmarks in the 2009 Omnibus bill
Last week the House passed the 2009 Omnibus Appropriations bill for the federal government and forwarded it to the Senate, where it has stalled. The current operating budget is set to expire at midnight tonight, and without action to either pass the 2009 Omnibus Appropriations Bill or pass yet another Continuing Resolution (CR), the U.S. Government will grind to a halt.
Because of the continuing deadlock in the Senate, a short-term continuing appropriations resolution was introduced this morning in the House. The measure is now H. J. Res. 38, and provides funding through Wednesday, March 11, for programs and agencies normally covered by the nine regular FY 2009 appropriations bills that have not been enacted.
The House passed the CR this afternoon. The measure is intended to provide time for the Senate to complete action on H.R. 1105, Omnibus Appropriations for FY 2009. After spending the weekend thinking on the bill, the Senate is expected to continue consideration of H.R. 1105 on Monday.
At the heart of the Senate deliberations are earmarks. As you know, since they were submitted to me, each of the earmarks requested from my office has been on our website. In fact the new site has a whole page devoted to the Appropriations process, and every project we received a request for can be found there >>>
I am as transparent and open as any Member of Congress on this issue, and as straightforward as I can be about my desire to bring home federal dollars. As you can see by the sheer scope of the requests I received, there are serious budget shortfalls in our community, and the need for federal money is greater than ever.
I will, and have, proudly defended my requests on the floor, have answered questions from my colleagues, and have welcomed a public vote on each of them. In fact, Senator John McCain questioned my request for funds for the Mutual Musicians Foundation. I welcomed the discussion and the Senate saw fit to retain the funding for one of our city’s oldest and most storied gems.
The Constitution gives the Congress the responsibility of appropriating and finding revenue to fund the priorities of the nation. The Constitution allows for a mechanism to discuss, enact and amend legislation, including the budget.
Apparently the same mechanism of committee hearings, debate, and approval followed by debate and votes in both chambers and signature by the President that prevails when Congress decides how many stealth fighters and armored vehicles to purchase is inadequate when it comes to deciding if a domestic violence shelter in Kansas City should be funded. I have no idea why, according to those who rail against earmarks, the Congress is capable of deciding funding priorities of 99 percent of the nation’s budget, but is somehow unable to discuss and decide the funding for that last 1 percent called earmarks.
This is a representative democracy. We elect people to represent our needs and concerns and advocate for those needs and concerns in Congress. As a body, the Congress examines request for funding and either votes to fund or decline to fund projects across our nation.
I have little sympathy for those who will fight against earmarks on the floor and gladly take them home to their districts. And I have little understanding of those who will pick earmarks apart on the floor of the chamber and then claim they have not been examined.
I say this. The people I am proud to represent have submitted their needs and desires in a public process. I have advocated for their priorities and asked that those priorities be funded with their tax dollars. I have debated anyone who has challenged the merits of these projects publicly. If I can convince a majority of the Members of the House and Senate that the priorities of my constituents are worth funding, then that, my friends, is democracy as defined by the Constitution.
I have been able to secure $35,428,000 in federal funds for specific projects for our community in the Omnibus Appropriations for FY 2009 as passed this week by the House of Representatives. Early next week I should know if they will remain in the Senate version and be passed into law.
Because of the continuing deadlock in the Senate, a short-term continuing appropriations resolution was introduced this morning in the House. The measure is now H. J. Res. 38, and provides funding through Wednesday, March 11, for programs and agencies normally covered by the nine regular FY 2009 appropriations bills that have not been enacted.
The House passed the CR this afternoon. The measure is intended to provide time for the Senate to complete action on H.R. 1105, Omnibus Appropriations for FY 2009. After spending the weekend thinking on the bill, the Senate is expected to continue consideration of H.R. 1105 on Monday.
At the heart of the Senate deliberations are earmarks. As you know, since they were submitted to me, each of the earmarks requested from my office has been on our website. In fact the new site has a whole page devoted to the Appropriations process, and every project we received a request for can be found there >>>
I am as transparent and open as any Member of Congress on this issue, and as straightforward as I can be about my desire to bring home federal dollars. As you can see by the sheer scope of the requests I received, there are serious budget shortfalls in our community, and the need for federal money is greater than ever.
I will, and have, proudly defended my requests on the floor, have answered questions from my colleagues, and have welcomed a public vote on each of them. In fact, Senator John McCain questioned my request for funds for the Mutual Musicians Foundation. I welcomed the discussion and the Senate saw fit to retain the funding for one of our city’s oldest and most storied gems.
The Constitution gives the Congress the responsibility of appropriating and finding revenue to fund the priorities of the nation. The Constitution allows for a mechanism to discuss, enact and amend legislation, including the budget.
Apparently the same mechanism of committee hearings, debate, and approval followed by debate and votes in both chambers and signature by the President that prevails when Congress decides how many stealth fighters and armored vehicles to purchase is inadequate when it comes to deciding if a domestic violence shelter in Kansas City should be funded. I have no idea why, according to those who rail against earmarks, the Congress is capable of deciding funding priorities of 99 percent of the nation’s budget, but is somehow unable to discuss and decide the funding for that last 1 percent called earmarks.
This is a representative democracy. We elect people to represent our needs and concerns and advocate for those needs and concerns in Congress. As a body, the Congress examines request for funding and either votes to fund or decline to fund projects across our nation.
I have little sympathy for those who will fight against earmarks on the floor and gladly take them home to their districts. And I have little understanding of those who will pick earmarks apart on the floor of the chamber and then claim they have not been examined.
I say this. The people I am proud to represent have submitted their needs and desires in a public process. I have advocated for their priorities and asked that those priorities be funded with their tax dollars. I have debated anyone who has challenged the merits of these projects publicly. If I can convince a majority of the Members of the House and Senate that the priorities of my constituents are worth funding, then that, my friends, is democracy as defined by the Constitution.
I have been able to secure $35,428,000 in federal funds for specific projects for our community in the Omnibus Appropriations for FY 2009 as passed this week by the House of Representatives. Early next week I should know if they will remain in the Senate version and be passed into law.
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