CA Democratic Congressional Delegation Applauds President’s Nomination of Mel Watt to Head FHFA
Today Rep. Zoe Lofgren (D-CA), the Chair of the 38 Member California Democratic Congressional Delegation (CDCD), released the following statement in response to President Obama's nomination of Rep. Mel Watt (D-NC) to be the Director of the Federal Housing Finance Agency (FHFA):
"On behalf of the California Democratic Congressional Delegation, I applaud President Obama's nomination of Congressman Mel Watt to head the Federal Housing Finance Agency (FHFA). Mel's experience in Congress over the last twenty years and as a senior member of the Financial Services and Judiciary Committees will serve the FHFA and the American people well. Mel has a proven record of working in a bipartisan fashion to strengthen and grow our economy. In Congress, he has worked tirelessly to protect consumers from fraud and to expand affordable housing for hard working families.
"Mel Watt is the kind of thoughtful and independent thinking leader Congress envisioned at the helm of the FHFA. Without that kind of leadership in this key agency, housing markets did not rebound as quickly, and in California alone 83,000 homes were foreclosed last month. That is why we need a strong leader at the FHFA with the policy expertise and willingness to work for middle class Americans to help our economy. We hope the Senate confirms Mel Watt's nomination quickly so responsible families can stay in their homes, rebuild our communities, and return our economy to prosperity."
The CDCD, the largest state delegation in Congress, has worked tirelessly since the economic downturn to address the housing and foreclosure crisis.
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