Tag: Department of Housing and Urban Development (HUD)
Since the mid 1970s, Democrat and Republican politicians in Washington have prioritized the interests of the real estate industry over the need for affordable low and middle income housing for Americans. The Nixon administration placed a moratorium on new approvals for the construction of all federally subsidized housing. The Reagan administration slashed the budget of the Department of HUD. Presidents and members of Congress since then have not restored it.
With the Trump regime pushing for a massive $6.2 billion to $6.8 billion in budget cuts for the Department of Housing and Urban Development (HUD), so-called nonprofit affordable housing developers see the writing on the wall and are jacking up the rents on the poor, elderly and disabled renters in their projects as fast as they can, before the budget cuts take effect. The fiscal year (FY) 2018 budget detailing the cuts was released May 23.
My name is Felita Sample. My mysterious illnesses and my daughter LaKrista’s strange afflictions developed after we moved from San Francisco’s Tenderloin neighborhood to Treasure Island. Imagine never-ending nausea and daily dizziness. You can’t tolerate the thought of food. You override this loathing and force yourself to eat. You soon find that anything edible, including water, triggers dry heaves that wrack your chest and abdomen.
With corruption running rampant on Wall Street and in the nation’s lending institutions and housing industry, millions of homeowners are facing foreclosure as a direct result. Matters are only getting worse as members of Congress and the Department of Housing and Urban Development (HUD) are pushing to deregulate the nation’s more than 3,000 public housing authorities.
“I applaud and welcome the passage of H.R. 4173, The Wall Street Reform and Consumer Protection Act,” declared Congresswoman Barbara Lee, chair of the Congressional Black Caucus (CBC), several of whose members, led by Congresswoman Maxine Waters, were responsible for the bill’s key provisions. "Nobody has more at stake here than Black America," says Kai Wright, senior writer for The Root.