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HUD's Budget Money

Posted by: Nate Berg

28 February 2009 - 5:00am

This brief from the New York Times outlines how federal budget money will be used by the Department of Housing and Urban Development.

"The budget for the Department of Housing and Urban Development includes $4.5 billion for the Community Development Block Grant program, meant to promote investments to expand economic opportunities for low-income families. Housing needs are addressed in a variety of ways, including $1 billion for a program to develop, rehabilitate and preserve affordable housing for families with very low incomes and increased financing for a program to preserve about 1.3 million rental units through contracts with owners of multi-family properties."

"The blueprint for Housing and Urban Development envisions an intensified campaign against mortgage fraud and predatory loan practices."

Full Story: Welfare
Source: The New York Times, February 27, 2009
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