Financial Services
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More on Financial Services
September 25, 2018
Press Release
U.S. Representative Mike Bost testified today before a hearing of the House Financial Services Housing Subcommittee concerning the U.S. Department of Housing and Urban Development’s failed oversight of the Alexander County Housing Authority. Bost approached subcommittee chairman Sean Duffy (R-WI) for the hearing to shed light on the housing crisis in Cairo and prompt Congress to strengthen federal oversight.
November 15, 2017
Press Release
U.S. Representative Mike Bost (IL-12) applauded House approval of the 21st Century Flood Reform Act (H.R. 2874), which passed with a 237-189 bipartisan majority. The bill improves the financial stability of the National Flood Insurance Program, increases the role of private markets, and ensures more accurate mapping and flood risk estimates. The legislation now moves to the Senate for consideration.
September 21, 2017
Press Release
U.S. Representatives Mike Bost (IL-12) joined U.S. Housing and Urban Development Secretary Ben Carson, East St. Louis Mayor Emeka Jackson-Harris, and other local officials at a press conference announcing the transition of the East St. Louis Public Housing Authority back to local control after nearly 32 years of federal management.
July 16, 2017
In The News
U.S. Rep. Mike Bost, R- Murphysboro, pressed Housing and Urban Development Secretary Ben Carson July 13 to deal with what Bost calls the "corruption" in the Alexander County Housing Authority, or ACHA, resulting in decrepit public housing complexes.
On July 11, HUD banned two former ACHA directors, James Wilson and Martha Franklin, from ever working with public housing again. The agency is also seeking to recoup money officials said Wilson and Franklin improperly spent.
Bost said that's the best HUD can do.
July 16, 2017
In The News
Bost said he and Carson also discussed the fact that regardless of who is at fault for the housing crisis, the difficult and unfortunate reality of the current situation is that there are no easy answers. In April, HUD officials overseeing the ACHA in federal receivership announced that they would begin relocating about 185 families from Elmwood and McBride because the developments, built in 1941, are no longer safe, because of their age and years of neglect.
July 14, 2017
In The News
WASHINGTON D.C. / CAIRO, Ill. (KMOX) — 42 Department of Housing and Urban Development inspectors have been fired due in part to ongoing public housing problems in Cairo, Illinois.
July 13, 2017
Press Release
Washington, D.C. – U.S. Representative Mike Bost today met with Housing and Urban Development (HUD) Secretary Ben Carson to discuss the ongoing housing crisis in Cairo, Illinois.
July 13, 2017
In The News
Southern Illinois Congressman Mike Bost met Thursday with Housing and Urban Development Secretary Ben Carson to discuss the ongoing housing crisis in Cairo.
Bost is seeking information from HUD related to decades of alleged corruption by officials at the Alexander County Housing Authority. He wants state and federal authorities to prosecute those who abused the system while housing tenants lived in squalor.
The Murphysboro republican says housing authority board members lined their pockets with federal funds for years.
June 8, 2017
Press Release
U.S. Representative Mike Bost issued the following statement after the House of Representatives passed the Financial CHOICE Act:
April 27, 2017
Blog Post
I believe the best way to represent our district is by keeping in touch with its people. That’s why I launched a 12-county tour of the 12th District during the April district work period. Stops on my tour included meetings with groups of constituents in my district offices, laying a wreath to honor our heroes at the VA cemetery in Mound City, volunteering with Meals on Wheels in Alton, reading to elementary school students in Carbondale, hearing from job creators throughout Southern Illinois, and receiving feedback from military spouses in O’Fallon.