HUD is the nation's housing agency committed to increasing homeownership, particularly among minorities, creating affordable housing opportunities for low-income Americans, supporting the homeless, elderly, people with disabilities and people living with AIDS. The Department also promotes economic and community development as well as enforces the nation's fair housing laws.
Every year thousands of Iowa students and families benefit from the services of the Iowa College Student Aid Commission. The Commission is a state agency that advocates for Iowa students and administers scholarship, grant, loan and related programs to help students finance education expenses at colleges and universities of their choice. Commission services include administration of student financing, information services, research, and program evaluation. Our advocacy helps students and families realize their educational dreams.
OPIC (www.opic.gov) is the U.S. private investment corporation established by the U.S. Government that helps U.S. businesses invest overseas, fosters economic development in new and emerging markets, complements the private sector in managing risks associated with foreign direct investment, and supports U.S. foreign policy. Over the agency's 32-year history, OPIC has supported $150 billion worth of investments that have helped developing countries to generate more than 690,000 host-country jobs.
The Department of Energy is establishing a hemispheric energy center at Florida International University. The center will coordinate projects that strengthen cooperation on policy, commercial, technical, infrastructure, and regulatory issues and enhance U.S. access to energy resources in the region. Venezuela has had a strong energy relationship with the United States for many decades. Unfortunately, Venezuela's recent political unrest has affected their ability to be a secure supplier in the recent past. We are encouraged to hear that production reportedly has recovered to about 2 to 2.5 million barrels per day, compared to a pre-strike production of about 3 million barrels per day. U.S. firms are returning to full operation in Venezuela, and Venezuelan-owned CITGO continues to operate in the U.S. as a commercial entity. The benefits that these reciprocal energy investments bring to both parties, and to the relationship, are clear, and we hope to maintain a robust energy dialogue with Venezuela. In the Caribbean, Trinidad and Tobago is an important source of LNG to the United States. Trinidad provides about 15% of New England's gas needs and 40% of the East Coast's LNG imports. Trinidad is poised to help meet the energy needs of the Caribbean region.
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