Brown Statement on Crapo Housing Finance Reform Outline

WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) – ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs – released the following statement on Senate Banking Committee Chairman Mike Crapo’s housing finance outline.

“I will fight to ensure that any efforts to reform the housing market start by addressing the affordability crisis that is hurting too many renters and homeowners across this country. Too often Congress and the White House have put Wall Street ahead of working people, and we cannot let that happen when it comes to the stability of our housing market,” said Brown. “Failure to put working people first would threaten access to affordable homeownership and rental housing, put the viability of the 30-year mortgage at risk, and hit lower income communities, communities of color, and rural Americans particularly hard. The Banking Committee must hold hearings to carefully examine our housing market and listen closely to feedback provided by homeowners, renters, the Civil Rights community and lenders. I look forward to working with my colleagues.”

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