by Mark Thoma, University of Oregon (Department of Economics)

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Does HUD Need to Be Razed and Rebuilt?

Posted on July 25, 2008

For the urban and regional economics experts - is this argument correct? Does urban development policy as administered through HUD need major restructuring? If so, can HUD be reformed, or would it be best to, as suggested below, eliminate HUD and start over?:To Fight Poverty, Tear Down HUD, by Sudhir Venkatesh, Commentary, NY Times: ...It might be best to simply close the [Department of Housing and Urban Development] and create a new cabinet-level commitment to urban development. In 1965, when HUD was created, its mission was to spur growth in and around cities. The agency provided mortgage as...

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foreclosures , real estate