A statement from Chris Estes, President and CEO of the National Housing Conference
The National Housing Conference congratulates President Obama on his reelection. Against the backdrop of political turmoil abroad, we also applaud both campaigns and our nation for participating in the peaceful collective choice upon which our democratic republic rests. The people have spoken, and now it’s time to get back to work.
And there is much work to do for leaders in both parties. Both parties must recognize that the economic recovery that we are all looking for cannot occur without a housing recovery, which will take strong and careful policies to create. Housing solutions have not yet played the necessary central role in the federal response to the financial crisis and economic downturn. Even as home prices are finally beginning to rise again in some places, many other areas still struggle and housing costs outpace incomes for millions of Americans. The Obama Administration in its second term must work with the new Congress to:
We recognize that our nation faces significant challenges to both strengthen the economy and reduce our deficit. We cannot achieve the needed recovery if vital housing investments are dramatically reduced or eliminated. At NHC our guiding principle is we are all stronger together. Now is the time for members of both parties to recognize this as well. It is time for practical governance to replace partisan division.
We hope that the clear mandate granted by this election encourages Democrats, Republicans, and independents to focus together on the real housing challenges facing the country. With the election behind us, we can be truly stronger together—creating a strong federal housing policy can set us on the path forward to a housing and economic recovery.