The committee will come to order. I now recognize myself. Im sorry. Without objection. Chair is authorized to clear recession of the committee at any time. Without objection members of the full committee not on the subcommittee are authorized to participate in todays hearing. And the hearing is entitled an examination of the federal Housing Administration and its impact on Home Ownership in america. I now recognize myself to give an opening statement. Okay. There was a time when if h as policies explicitly denied access to the American Dream of Home Ownership to black families and people of color, making owning a home he privilege afforded primarily to white americans and contributing to the racial wealth gap as we know it. As of the Third Quarter of 2019, the white Home Ownership rate is 73 compared to nearly 48 for latinos and 43 for black homeowners. Today fha plays an Important Role in our Housing Finances system that is helping to ensure that access to homeownership is broadly ava
The committee will come to order. I now recognize myself. Im sorry. Without objection. Chair is authorized to clear recession of the committee at any time. Without objection members of the full committee not on the subcommittee are authorized to participate in todays hearing. And the hearing is entitled an examination of the federal Housing Administration and its impact on Home Ownership in america. I now recognize myself to give an opening statement. Okay. There was a time when if h as policies explicitly denied access to the American Dream of Home Ownership to black families and people of color, making owning a home he privilege afforded primarily to white americans and contributing to the racial wealth gap as we know it. As of the Third Quarter of 2019, the white Home Ownership rate is 73 compared to nearly 48 for latinos and 43 for black homeowners. Today fha plays an Important Role in our Housing Finances system that is helping to ensure that access to homeownership is broadly ava
Order. I now recognize myself. I am. Sorry with that objection, the, chairs in our authorized to declare recess. Of the, committee and anytime. Members of the, committee not on the subcommittee, are authorized to participate in twos hearing. And, the, hearing is entitled, an examination of the federal housing administration. And its impact on homeownership in america. I now recognize, myself, to give an opening statement. Okay. There was a time, when i have a chase policies, explicitly denied access to the American Dream of Home Ownership. Two black families and people of color. Making only only on home a privilege, afforded primarily to white americans. Or contributing to the racial wealth gap as we know. It as of the third quarter, of 2019, the white homeownership rate is 73 compared to nearly 48 for that he knows and 43 for black home owners. Today fha plays an Important Role in the Housing Finance system. And is helping to ensure that access to homeownership is broadly available in
An examination of the federal housing administration. And its impact on homeownership in america. I now recognize, myself, to give an opening statement. Okay. There was a time, when i have a chase policies, explicitly denied access to the American Dream of Home Ownership. Two black families and people of color. Making only only on home a privilege, afforded primarily to white americans. Or contributing to the racial wealth gap as we know. It as of the third quarter, of 2019, the white homeownership rate is 73 compared to nearly 48 for that he knows and 43 for black home owners. Today fha plays an Important Role in the Housing Finance system. And is helping to ensure that access to homeownership is broadly available in in 2019 alone, they have over 615,000 borrowers become home owners for the first time. With over 33 of the markets endorsements serving minority borrowers and over half serving low to moderate income borrowers. Fha also plays a vital role in expanding access to affordable
Russia and china pose in these areas. This is just over two hours good morning. The Committee Meets today to receive testimony from general anthony cotton, commander of u. S. Strategic command or stratcom. And whiting, commander of u. S. Spacecom or spacecom. Gentlemen, thank you for your service to the nation and extend our thanks to the men and women who serve with you. As in the past we have asked the commanders the stratcom and until 2019. Spacecom was a part of Strategic Command. Mr. Reed as spacecom continues as an independent command, its important to identify any gaps or seams that emerged during the transition. On the global stage,si reckless. Recent press reports state that russia is considering violating rnnal space treaties and endangering the global use of space for Vital Communications and sensing. Further, putin has stab the strategy stability and arms control policies both our nations have respected for decades. Over the past year,has suspended its participation in the