Sunday, May 15, 2011

Washington Post Investigative Report on HUD

Courtesy of Mark Edwards at Property Prof, a link to what looks like an important and troubling report, Million-Dollar Wasteland: HUD's Mismanagement of America's Affordable Housing.  Here's Edwards' initial reaction:

Given that Congress is looking for areas to budget-cut, I suspect this series could be a game-changer for HUD.  That's unfortunate, because the need for affordable housing in the United States is enormous.  No doubt there is waste at HUD.  But I suspect that the committed and well-intentioned people at HUD are trapped in a downward spiral: they aren't given enough resources to adequately oversee the projects they fund; the projects they fund are wasteful; so their resources are cut.

Matt Festa

Affordable Housing, Federal Government, Housing, HUD, Politics, Real Estate Transactions | Permalink

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