FOR IMMEDIATE RELEASE
January 5, 2009
Contact: Jackeline Stewart
Washington, DC—Janet Murguía, President and CEO of the National Council of La Raza (NCLR), the largest national Hispanic civil rights and advocacy organization in the United States, will warn Congress against leaving homeowners out of the remaining funds of the bailout bill in a hearing before the U.S. House of Representatives Financial Services Committee on Wednesday, January 7. The hearing on the remaining funds of the Troubled Asset Relief Program (TARP) will be presided over by Chairman Barney Frank (D-MA) and will take place at 10:00 a.m. in Room 2128 of the Rayburn House Office Building.
NCLR has urged Congress to include the millions of foreclosure-plagued American homeowners in last year’s $700 billion relief program, and it is disappointed that more than half of the TARP funds have been spent without providing assistance to homeowners facing foreclosure—an underlying cause of the economic crisis. NCLR believes that the economy demands a new, bold foreclosure prevention strategy, starting with a shift in the distribution of the remaining TARP funds.
WHEN: Wednesday, January 7, 10:00 a.m.
WHERE: Rayburn House Office Building, Room 2128
WHAT: Testimony of NCLR President and CEO Janet Murguía before the House Financial Services Committee
[Editors Note: See also the AR News story “Housing Push for Hispanics Spawns Wave of Foreclosures” here.]