Tags U.S. Housing and Urban Development loan
Tag: U.S. Housing and Urban Development loan
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.