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Mike Rounds: “Without Congressional action, up to 400,000 Americans…”

Featuring: Mike Rounds, Republican | U.S. Senate South Dakota

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Senator Rounds Gives Senate Floor Speech about the 21st Century ROAD to Housing Act

Published | Video Starts at 02:17

When these mortgages mature, the rental assistance which is tied to them often disappears. That means that rents can increase sharply or properties can leave the program entirely. Without Congressional action, up to 400,000 Americans nationwide could face rent increases or displacement. As these mortgages mature, the impact will fall hardest on the Midwest and the south, regions that serve as the backbone of American ag, manufacturing and energy production. (02:17–02:26)

CLAIM

Asserts that 400,000 Americans could face rent increases or displacement without Congressional intervention.

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