Foundation. This is a little more than an hour. Mr. Clinton thank yall for joining us for the second edition of building an inclusive recovery. I hope wherever you are tuning in from, you are staying healthy and safe. I would like to begin by expressing my gratitude to our sponsors for this session. I want to thank those who have made action. I hope all of you will think about specific ways you and your organizations can make a difference or partner with others to increase your impact. Our topic today, the housing crisis, has plagued america long before covid19. Now, it is even more urgent. Especially in dense urban areas. Without enough Affordable Housing, they face new challenges from Economic Impacts of the pandemics. Home ownership has long been recognized as one of the most effective and Proven Solutions to Building Wealth and Financial Stability in america. Even before the pandemic, homeownership rates for black americans were at an alltime low. Latino homeownership is the Fastes
Discusses Affordable Housing and the wealth gap. Clinton thank yall for joining us for the second edition of building an inclusive recovery. I hope wherever you are tuning in from, you are staying healthy and safe. I would like to begin by expressing my gratitude to our sponsors for this session. Those who have made action. I hope all of you will think about specific ways you and your organizations can make a difference or partner with others to increase your impact. Our topic today, the housing crisis, has plagued america long before covid19. Now, it is even more urgent. Especially in dense urban areas. They face new challenges. Home ownership has long been recognized as one of the most effective and Proven Solutions to Building Wealth and Financial Stability in america. ,ven before the pandemic homeownership rates for black americans were at an alltime low. Latino homeownership is the Fastest Growing of any group in the nation. But it still lags behind white ownership by more than 24
Washington today, we are holding this hearing virtually in compliance with the regulations for Remote Committee proceedings pursuant to House Resolution 965. Remote hearings certainly are not the same as sitting together in our Committee Room and you should know. The new authority has allowed us to continue to do our work a behalf of the American People, while keeping our staff, families and broader communities this is the First Official Virtual Committee hearing in the United States house of representatives. As we begin this historic proceeding, i want to underscore that i plan to continue this committees long tradition of collegia collegiality and substantive debate even as we conduct our business from afar. I will continue to work with Ranking Member and his staff to make sure that all Ranking Members are respected in the knew virtual format. Before we turn to todays important topic, i want to remind members of a few procedures to help us all navigate this new platform. First, consi
U. S. Naval Institute News reporter sam lagrone talks about the role of u. S. Navy hospital ships in the coronavirus response. Washington journal is next. The men and women of the greatest country on earth are going to defeat this coronavirus and reclaim our future. After sleep deprived nights and marathon negotiating sessions, we have a bipartisan rescuent on the largest package in American History. Host republican and Democratic Leaders in the u. S. Senate announcing a deal at 1 30 a. M. This morning on a 2 trillion coronavirus aid package. Good morning. We will get your thoughts on that this morning. Democrats 202 7488000. Republicans 202 7488001. Independents 202 7488002. Youcan join us as well if text us with your first name, city and state that 202 or8003 at 202 7488003 go to twitter at cspan wj. We have learned about what is in the deal the lawmakers have reached. Theres 500 billion for major corporations. 360 7 billion for Small Business loans. 130 billion for hospitals across
Income homeowners and renters there are in america . Guest sure. At the National Low Income Housing Coalition will look at extremely low income renters and their housing needs, and we know that nationally we have shortage of 7 million homes, affordable and available to the lowest income people. Another way of saying that same number is for every 100 of the lowest income renters, seniors, people with disabilities, others, 3100, there are 36 Homes Affordable and available to them. So because of this shortage of homes for the lowest income people, there are over 8 million extremely low income households who are paying more than half of the income towards rent. Many of them are pink 50, 60, 70 of income every month just to keep a a roof over their he. When youre such limited income to begin with, it is more a financial emergency away from not being able to pay the rent than facing potential eviction or homelessness. For many of these families, coronavirus will be that financial emergency.