Does HUD Need To Be Modernized?

Professor Sudhir Venkatesh of Columbia believe it is time for HUD to be replaced by a more nimble agency capable of responding to the 21st century city.

1 minute read

July 27, 2008, 1:00 PM PDT

By Mike Lydon


"With the nation embroiled in a housing crisis, one would expect the Department of Housing and Urban Development to be playing a central role. But HUD is a marginal player. Although its Federal Housing Administration division has agreed to underwrite new mortgages, it is merely following the leadership of the Federal Reserve and the Treasury Department.

This is no accident. HUD's sidelined role is a product of its anachronistic approach to both housing and cities. It might be best to simply close the agency and create a new cabinet-level commitment to urban development."

Friday, July 25, 2008 in The New York Times

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