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| TIME | SPEAKER | TEXT |
|---|---|---|
| 00:00:07 |
|
GORDON BROWN FROM EARLIER TODAY. NOW TO A DISCUSSION ON THE U.S. HOUSING MARKET. WE BEGAN WITH THE... |
| 00:04:34 |
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HOW WANT TO COMMEND RUBIN FOR THIS PANEL. LOW HOUSING DOES NOT GET MUCH RESPECT IN THIS TOWN AND AS... |
| 00:08:01 |
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GIVEN THE CURRENT SITUATION OF HOUSING AND FINANCIAL MARKETS AND THE RESPONSIBILITIES OF THE CONGRESSIONAL... |
| 00:14:55 |
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WHAT HE DIDN'T SAY IS THAT ONE OF HIS PROPOSALS IS TO END AT THE LOW INCOME TAX CREDIT PROGRAM. SINCE... |
| 00:19:51 |
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IN THE PAST WHEN WE THINK ABOUT SOME OF THESE PUBLIC HOUSING DEVELOPMENTS, PARTICULARLY THOSE BUILT... |
| 00:20:12 |
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I THINK WE'VE LEARNED A GREAT DEAL. WE KNOW WHAT WORKS NOW. THE LOW INCOME TAX CREDIT HAS A REMARKABLE... |
| 00:22:57 |
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IF WE SHIFT THE DIFFERENT KINDS OF PROJECTS TO VOUCHERS WE COULD SERVE AND A ADDITIONAL $2.5 MILLION... |
| 00:23:10 |
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THERE IS MORE THAN ONE WAY TO LOOK AT THE NUMBERS. SOME NUMBERS ARE CITED THAT WERE DONE EARLIER IN... |
| 00:25:15 |
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YOU ARE SEEING THE AFFORDABLE HOUSING SUPPLY SHRINKING EVERY YEAR. A VOUCHER IS A ONE-YEAR PAYMENT... |
| 00:26:28 |
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THERE'S ONE OTHER ASPECT THAT IF WE INCREASED THE DEMAND AT THE LOW END OF THE MARKET, THERE WOULD... |
| 00:27:03 |
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AND THE HOUSING COMMUNITY THERE HAS ALWAYS BEEN SUPPORT AND MOVEMENT TOWARDS FULL ENTITLEMENT. THE... |
| 00:28:10 |
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THERE ARE MANY THINGS TO RESPOND TO. THERE SEEMS TO BE A LOT OF CONSENSUS THAT THE IDEAL WOULD BE... |
| 00:31:09 |
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BALTIMORE IT WAS ONE 600,000 PEOPLE AND THERE ARE VACANCIES IN THAT RENTAL MARKET. IT DEPENDS ON WHERE... |
| 00:32:03 |
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ARE WE BEING SMART WITH THE PRODUCTION PROGRAMS THAT WE HAVE PROOF? ARE WE NOT ACQUIRING HOUSING AND... |
| 00:32:18 |
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I THINK WE HAVE SEEN A LOT OF MOVES IN THAT DIRECTION ON A LOCAL MARKET BASIS. THE TAX CREDIT IS USED... |
| 00:33:52 |
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HERE IS THE STARTING POINT -- SEVEN YEARS THE POLICY. WE HAVE BASICALLY BUILT 70% OF OUR ASSISTANCE... |
| 00:35:37 |
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WHAT CRITERIA WOULD YOU TAKE FOR YOUR PAPER AND WOULD BE THE ADDITIONAL COST? IF YOU SAY QUARTER OF... |
| 00:36:12 |
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THE EFFECT OF HOW ON ENTITLEMENT HOUSING UP YOUR PROGRAM THAT HASN'T THE ASCENT OFF. |
| 00:36:22 |
|
[UNINTELLIGIBLE] |
| 00:36:28 |
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I MAKE LAST PEOPLE ELIGIBLE. I DON'T THINK WE SHOULD BE MAKING A 40% OF THE POPULATION ELIGIBLE FOR... |
| 00:36:42 |
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EVEN IF YOU JUST LOOK AT THE PEOPLE WITH THE WORST CASE HOUSING NEEDS. THESE ARE VERY LOW INCOME PEOPLE.... |
| 00:37:33 |
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YOU ARE ASSUMING THAT THE DOCTOR HAS TO BE AS GENEROUS AS IT IS NOW. I THINK YOU'RE WRONG. WE WORK... |
| 00:38:38 |
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AS YOU GO TO INCREASE THE COST, WHAT HAS HAPPENED IS THAT YOU GET SQUEEZED BACK AND A VOUCHER BECOMES... |
| 00:41:44 |
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IN THE 50 LARGEST METROPOLITAN AREAS IN THE U.S., 80% OF THE CENSUS TRACT HAVE AT LEAST ONE PERSON... |
| 00:42:18 |
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I THINK THE RESEARCH IS BASICALLY SHOWING THAT OVER TIME. THE QUESTION OF THE TIGHT MARKETS IS PARTICULARLY... |
| 00:43:26 |
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I WANT TO GET -- LET ME BRIEFLY SAY THAT BOTH VOUCHERS AND LOW INCOME TAX CREDIT DEALS PENETRATE THE... |
| 00:45:39 |
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THE GREEN, THE ENERGY EFFICIENCY OF ALL PUBLIC HOUSING, THE GOVERNMENT SHOULD HELP CREATE AN ESCROW,... |
| 00:47:32 |
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I THINK FOR THIS IS EVOLVING INTO A LARGE EXTENT, THE PAPER STIMULATES THIS KIND OF CONVERSATION.... |
| 00:49:37 |
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IF YOU DO THAT, IF YOU DISLIKE THE PAPER, WHEN YOU LOOK AT INCLUSION ARIZONA AND AND YOU LOOK AT LAND... |
| 00:50:00 |
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[UNINTELLIGIBLE] WOLFTHERE HAVE BEEN SOME YEARS FOR AS MANY AS 18-20% OF THE HOUSING VOUCHERS HAVE... |
| 00:51:06 |
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WELL WE HAVE A VERY SMALL PART OF THE SECTION 8 VOUCHER PROGRAM AND HE IS AT THE DISCRETION OF HOUSING... |
| 00:51:57 |
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THERE ARE ACTUALLY MORE LOW INCOME HOME OWNERS FACING SEVERE BURDENS RATHER THEM LOW- INCOME RENTERS.... |
| 00:52:24 |
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THAT IS BEFORE TRANSPORTATION COSTS. |
| 00:52:35 |
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THERE HAS BEEN NO MENTION OF THE OLDEST ENTITLEMENT PROGRAM. THE REFORMS HAVE HAD FOUR KEY FEATURES... |
| 00:53:39 |
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A QUICK COMMENT. |
| 00:53:42 |
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I THINK YOU GOT THE PERSON TO DO IT. SANDY SPEARHEADED THE WHOLE EFFORT AND I THINK IT'S A GAME WHILE... |
| 00:53:54 |
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AND WITH CONGRESS. |
| 00:53:57 |
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IT HAS BEEN A TREMENDOUS SUCCESS. |
| 00:54:00 |
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I REALLY APPRECIATE THE ABILITY OF THE PANEL. I WISH THIS COULD HAVE BEEN A FOOD FIGHT OF MAJOR PROPORTIONS.... |
NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.
