HUD

President George W. Bush is expected to announce his nomination of Steve Preston, head of the Small Business Association, as the new chief of the Department of Housing and Urban Development.

A HUD plan that allows municipalities to buy up foreclosed homes for just $1 is causing controversy in Wayne County, Michigan, where cities and counties are fighting over who is best suited to take over abandoned homes.

With HUD Secretary Alphonso Jackson's departure, it's time to begin reinvesting in the nation's public housing stock.

Alphonso Jackson, Secretary of Housing and Urban Development, announced his resignation Monday, effective April 18.

Officials in D.C. have sought to punish Philadelphia's Housing Director for not selling a vacant property to a friend of the HUD Secretary. The city was then found in violation of rules, and could now lose $50 million in housing funds.