The Schneider Electric North American Operating Division (NAOD), Palatine, Ill., has joined Fix Housing First, a coalition of 600 builders, manufacturers, and other businesses led by the National Association of Homebuilders (NAHB) that are dedicated to creating a housing recovery plan that will help revive the U.S. economy. As part of its ongoing commitment to support the housing industry, Schneider Electric is among the first electrical manufacturers to join the coalition to combat the economic recession, which continues to affect millions of Americans.
“To meet the steep challenges posed by the current U.S. housing crisis, businesses must unite and work together toward a sound recovery plan,” says Chris Curtis, president and CEO of NAOD. “Schneider Electric is proud to be a part of one of the largest coalition efforts of housing advocates ever assembled in the United States, and we are confident that our leadership position in the electrical industry will greatly benefit the ongoing efforts of Fix Housing First.”
Fix Housing First continues to add new members on a daily basis and is pressing for a major stimulus package to stem the decline in home values, stabilize financial markets, and reignite consumer demand. The coalition is urging U.S. Congress to support enhancements to the existing homebuyer tax credit and provide below-market, 30-year, fixed-rate mortgages for home purchases.
