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National Mortgage Professional
Feb 01, 2005

President Clinton proposes $32.1 billion HUD budgetmortgagepress.comU.S. Department of Housing and Urban Development, HUD, 2001 budget President Clinton proposed increasing the Department of Housing and Urban Development's (HUD) budget by $6 billion in Fiscal Year 2001 to $32.1 billion, the strongest HUD budget in more than 20 years, with increases in every program area. "This budget shows that HUD is back in business, and has achieved a new level of public trust and confidence by proving it can create and run quality programs," said HUD Secretary Andrew Cuomo. "The budget will build on HUD's success and help unlock the door to prosperity for people and places left behind in these good economic times." Secretary Cuomo said the budget that President Clinton submitted to Congress provides HUD with the tools necessary to deliver on its core mission of promoting adequate and affordable housing, economic opportunity, and a suitable living environment free from discrimination.
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