TITLE

HUD Secretary, Under Fire, Gives Up On Part of Budget Plan

AUTHOR(S)
Vadum, Matthew
PUB. DATE
March 2006
SOURCE
Bond Buyer;3/31/2006, Vol. 355 Issue 32351, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the plan that Housing and Urban Development (HUD) will reduce the funding for the Community Development Block Grant (CDBG) program and stop funding for the HOPE VI program. President George Bush reduced funding for CDBG down more than one billion dollars and wanted to eliminate budget for the HOPE VI programs, which demolishes public housing. The proposal of cutting down fund for CDBG was defended by Alphonso Jackson, HUD's secretary, stating that local government abuse CDBG funds.
ACCESSION #
20397113

 

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