Attention Home Builders, Developers and others involved in the Housing Industry. The time to act is now!
Email your Senators and Representative at www.capitolconnect.com/builderlink or call their offices using the NAHB toll-free legislative hotline at 1-866-924-6242.
On Monday, September 29 the House of Representatives failed to pass the bipartisan, carefully-crafted “Emergency Economic Stabilization Act of 2008” by a vote of 205-228 (View the Final Vote Results for Roll Call 674 and see how your Congressional Representative voted.) This legislation would have helped remedy the extreme turmoil and uncertainty currently facing the nation’s financial markets.
With the failure of the House to act, the financial crisis continues. Falling home prices, mounting foreclosures, and a frozen credit market have taken a severe toll on the nation’s economy. As the financial markets struggle, mortgage credit costs are increasing and home builders are finding it more and more difficult to obtain any business credit. By providing a market for troubled mortgage assets, the financial rescue package will restore confidence in global financial markets and allow credit-worthy home buyers, builders and other small businesses access to credit. Once the American finance system is stabilized, we can address the root cause of this financial crisis: the precipitous collapse of home values.
Please take a moment to email your Senators and Representative at www.capitolconnect.com/builderlink or call their offices using the NAHB toll-free legislative hotline at 1-866-924-6242.
As a member of the home building industry, you support the bipartisan financial rescue package.
Congress must act immediately to craft new legislation that helps restore stability to the economy.
Note: Due to the high volume of calls and emails being sent to Congress, you may experience some delays.