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New Game-Changing Initiatives Offered by Thomas Suozzi
Student Loan Relief
Millions of Americans, including Long Islanders and their families, are crushed by student debt. According to statistics, the delinquency rate has risen by more than a third since 2006. Thomas Suozzi stands for legislation that would provide relief for Americans struggling with student loan debt. This initiative would create a program that allows student loan borrowers to refinance their loans at lower interest rates. It also provides loan forgiveness for those who work in public service for a certain number of years.
Small Business Loans
Mr. Suozzi believes that small businesses are the key to the financial success of the community. He understands the challenges that entrepreneurs face while trying to start or grow their businesses. That is why he proposes a program that will provide low-interest loans to small businesses. More than that, Mr. Suozzi proposes to focus especially on those businesses owned by women, minorities, and veterans.
Affordable Housing Programs
Tom Suozzi knows that many Long Island residents struggle with the high cost of housing. To make the American dream come true for millions of Long Islanders, he proposes a program that would provide low-interest consumer loans. These financial products will be aimed at helping eligible residents purchase or renovate homes. Additionally, Mr. Suozzi stands for increased funding for affordable housing development in the area.