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Entries in Sen. Kit Bond (1)

Wednesday
Oct262011

Bipartisan Commission Tasked With Shaping Housing Recovery

By Adrianna McGinley

The Bipartisan Policy Center introduced a new Housing Commission led by former Cabinet members and senators that has been tasked with giving lawmakers policy suggestions for long-term housing wellness.

Former U.S. Senators Kit Bond, George Mitchell, and Mel Martinez; and Henry Cisneros, former HUD Secretary under President Clinton, will serve as co-chairs of the commission that was touted as an idea generator to solve the lingering housing issues plaguing the country. 

Mitchell jokingly said the bipartisan commission “does not have the luxury” of proposing solutions that will not be able to pass in Congress. Instead, Mitchell said he had high hopes that his new team will be able to “assist those in office by demonstrating that it’s possible to come up with a meaningful, practical solution that is deliberately bipartisan in nature.”

One notion that members of the commission came to consensus on was that the revival of the housing market and job creation are linked and should both be considered when designing a path to recovery. 

“I don’t think you can have a meaningful jobs recovery without improvement in the housing sector and I think the reverse is true as well,” Mitchell said.

Cisneros in addition emphasized the importance of addressing homelessness when debating housing policy.

“It’s an example of where we can’t allow other things to be eliminated because they involve real people and real pain,” Cisneros said.

He also acknowledged the role immigration reform could play in boosting the housing market saying he believes immigrant populations will provide the spark the housing market is looking for.

“I suspect that one of the really big surges in the market for housing going forward is going to be the immigrant population,” Cisneros said. “We’re blessed in this country to have that rich infusion of workers and talent and many of them completely believe in the American dream, their definition of the American dream is home ownership.”