HUD's Budget Money

This brief from the <em>New York Times</em> outlines how federal budget money will be used by the Department of Housing and Urban Development.
February 28, 2009, 5am PST | Nate Berg
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"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."

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Published on Friday, February 27, 2009 in The New York Times
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