President Bush signs housing stimulus bill, provides relief to those hit hardest by the housing crisis
Habitat advocates from across the nation sent thousands of letters and met with legislators to show support for the housing bill
WASHINGTON (July 30, 2008) – Habitat for Humanity International applauds the enactment of the housing stimulus bill signed by President Bush, with National Housing Trust Fund and neighborhood stabilization provisions intact. This new law offers federal help for the hundreds of thousands of families and individuals facing foreclosure, and provides $3.9 billion for communities hit hardest by the housing crisis. Habitat advocates tracked the bill’s progress through the House and Senate, sending more than 10,000 letters of support to their representatives in Congress. In June, nearly 150 advocates joined Jonathan Reckford, CEO of Habitat for Humanity International, and visited members of Congress to discuss the importance of the National Housing Trust Fund and neighborhood stabilization act.
“The signing of this bill into law is a huge ray of hope for those affected by today’s affordable housing crisis,” said Reckford. “The decision by President Bush and Congress to keep the National Housing Trust Fund and neighborhood stabilization provisions intact means the investments of responsible homeowners can be protected, and nonprofit organizations like Habitat for Humanity can partner with more people, in more communities, in an effort to build simple, decent homes—on terms low-income families can afford.”
The passage of a National Housing Trust Fund was designated as a key advocacy effort involving Habitat for Humanity’s supporters across the country.
About Habitat for Humanity International
Habitat for Humanity International is an ecumenical Christian ministry that welcomes to its work all people dedicated to the cause of eliminating poverty housing. Since its founding in 1976, Habitat has built nearly 300,000 houses worldwide, providing simple, decent and affordable shelter for more than 1.5 million people. For more information, visit www.habitat.org.