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Revenge of the Renters, Washington Edition

By Alyssa Katz

Here's a neat trick: In the budget it released yesterday, the U.S. Department of Housing and Urban Development is proposing to increase spending in 2011, including a new billion-dollar fund to build affordable housing for rent. At the same time, it's cutting its budget request to Congress by 5 percent. How does HUD make the math work? Thank the mortgage meltdown for an unexpected windfall. The agency's secret weapon is the Federal Housing Administration, which has stepped in to fill the void a read more

Full post as published by Housing Watch on December 31, 1969 (boomark / email).