Housing legislation will assist the aging

The American Association of Homes and Services for the Aging (AAHSA) praised the passing of HR3221 as the first new source of funding for affordable housing in almost 20 years.

“We celebrate the new possibilities now open for expanding the supply of affordable housing for America’s seniors,” said Larry Minnix, AAHSA’s president and CEO. “These provisions will help our members with so many of the problems they now face in building new supportive housing for older people and in preserving the existing supply of senior housing," Minnix added. "A decent place to live is the platform for delivery of services that can help our aging population stay at home and independent longer.”

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- Greg Staker - Watson Realty Corp. - 407-304-0255

President Bush not completely happy with housing bill

White House Press Secretary Dana Perino in a press briefing acknowledged that President Bush signed the housing bill this week even though he was not happy with parts of the bill.

When questioned by reporters if the absence of ceremony or a statement by President Bush when signing the bill was an indication of President Bush's desire to distance himself from the bill, Ms. Perino responded;

"When a President of the United States, no matter who it is, signs a bill, that's putting your name on it. And we said last week that there was a provision of the bill that we think bailed out lenders rather than helping homeowners, and we didn't agree with it, but we recognized that the timing was such that we needed the bill sooner than later. And having a prolonged veto fight that we were convinced we would win, and we proved that we would win, was not in the best interest of the housing market and of the credit market. And so that's why the President signed the bill today. "

The housing bill is being considered one of the most important pieces of legislation in decades.


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- Greg Staker - Watson Realty Corp. - 407-304-0255