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When regulations on the housing industry are reasonable, the cost of housing goes down. Regulatory relief is needed to make housing more affordable to more Americans.

What we see out there is an affordable housing crisis, particularly in the rental market in cities big and small, and we don't have the resources necessary to fill that gap.

There are tremendous barriers to building housing. If we could break them down, the need for rent controls would go away.

So, we're saying, if we can give developers and builders incentives to cut down on the regulatory barriers that are faced in this country, then we might be able to address the needs of affordable housing.

The truth is that the dream of homeownership is out of reach for too many Americans.

These days the American dream of home ownership has turned into a nightmare for millions of families. They wake every day to the reality of a horrible decline in the value of the home that has meant so much to them.

The biggest single challenge to America and our future is income inequality. We've got to fix it.

If we allow more development, it will bring housing affordability.

What we have, however, is an issue that has tremendous impact here at home, and we believe that Americans are starting to feel vulnerable, not just from what is going on around the world but right here in the United States.