June 19, 2007
Click here for a summary of the bill and a list of supporters.
Banking Chairman Dodd and Senator Landrieu Announce Comprehensive Legislation to Help Gulf Coast Communities and Families Recover from Hurricane KatrinaWashington – Senator Chris Dodd, D-Conn., Chairman of the Senate Banking, Housing and Urban Affairs Committee, and Senator Mary Landrieu, D-La., today announced that they will introduce a comprehensive bill to help people and families hard-hit by Hurricanes Katrina and Rita rebuild, strengthen and preserve their communities, homes, and lives.
“Katrina wreaked tremendous havoc and damage, but it couldn’t wash away and destroy the resilience of the people of the Gulf Coast. To fully recover, families there need a place to call home,” said Dodd. “This measure will help jump-start the economy by providing families with the tools to repair, rehabilitate, and rebuild their homes. In short, it invests in the people who live in the Gulf region, and by doing so, invests in a brighter future for both them and our nation. Senator Landrieu deserves enormous credit for her efforts here to bring new hope and new support to the survivors of Hurricanes Katrina and Rita.”
“Following weeks of collaborative work with colleagues, Louisiana families and other key stakeholders, the bill Senator Dodd and I are offering builds on a strong foundation crafted by Congresswoman Waters, Congressman Baker and Chairman Frank. Like the House bill, this legislation guarantees the replacement of hurricane-devastated public housing and ensures that all those who wish to return home will have the opportunity to do so. Both bills sound a loud and clear call for bringing our people home and making our communities whole again. But I am particularly proud that the Senate bill picks up where the House left off and goes several steps further. It increases funds for property acquisition, mortgage assistance, low-income housing and community redevelopment; it opens a door for more innovative, independent management of New Orleans public housing; and it begins to lay the groundwork for saving the Road Home. Our bill is a comprehensive plan with significant promise for those still waiting and wanting to move home, and we will not give up our fight until the promise is fulfilled.”
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