Congresswoman Waters says U.S. in the middle of affordable housing crisis

Chairwoman Maxine Waters (D-Calif.) talks about the Hope Six Amendment Act of 2008. She says that without this bill, there are no exceptions in federal law for circumstances under which the five year deadline for Hope Six programs to expend their funds can be made. Waters also says that without an extension on this deadline, communities will suffer. (1:03)
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