Pelosi Statement on National Low Income Housing Coalition Annual Report

WASHINGTON, April 7, 2008 /PRNewswire-USNewswire/ -- Speaker Nancy Pelosi issued the following statement on the National Low Income Housing Coalition's annual report titled "Out of Reach" on the state of the rental housing market for low- and moderate-income families:

"Our nation faces a significant shortage of affordable housing, and I commend the work of the National Low Income Housing Coalition in publicizing the problem and advocating solutions on behalf of low- and moderate-income families. The Coalition's annual Out of Reach Report offers a statistical framework for understanding the challenges working families face with the rising costs of housing, typically a family's single largest expense.

"The report provides a sobering picture of the widening gap between the increasing costs of rental housing and the stagnating wages of working Americans. In showing a detailed picture of higher rental costs in communities across America, the report demonstrates the need for strong federal action to increase the supply of affordable housing.

"The Coalition's work was instrumental in House passage of legislation to construct, preserve, and rehabilitate up to 1.5 million of affordable housing units over the next 10 years. I look forward to working with the Senate and the Bush Administration in enacting this critical legislation into law."

First Call Analyst:
FCMN Contact:

Source: Office of the Speaker of the House

CONTACT: Brendan Daly or Nadeam Elshami, both of the Office of the
Speaker of the House, +1-202-226-7616

2008-04-07 18:39:47 0330105 PRNEWSWIRE