Tuesday, May 19, 2009

HUD Secretary Says Renters Important, That's Why 225,000 Additional Vouchers in Budget.

THIS Philadelphia Inquirer story shouldn't be a story, but focus of last Administration solely on home ownership makes it one. From story:

"We've effectively had a national housing policy only about home ownership, with not even a focus or discussion in Washington about the importance of rental properties," Donovan said.

He said there would be a "recommitment" at HUD to provide rental housing for lower-income families.

In Obama's recent budget proposal, HUD would increase spending for rental vouchers by $1.8 billion - enough to house 225,000 additional individuals and families, Donovan said."

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