HUD Secretary Donovan issues statement on Obama Administration's proposed FY 2010 HUD budgetMortgagePress.comHUD, Shaun Donovan, Barack Obama, FY 2010, budget
U.S. Secretary of Housing and Urban Development Secretary Shaun
Donovan released the following statement in response to President
Barack Obama's proposed FY 2010 budget announcement:
"Today, President Obama announced general budget direction for
HUD and I am very pleased with the outcome and focus. The President
has designed a fiscally responsible budget that stresses the need
for transparency and accountability from all agencies. HUD will be
a leader in providing accountability to American taxpayers as we
move forward with the budget process.
"In tough fiscal times, we will be given the resources and
flexibility to put this agency back on track: to be a resource for
homeowners who are trying to buy or refinance their homes; to be a
catalyst for the production and preservation of affordable rental
housing, thru new vehicles like the affordable housing trust fund;
to give HUD the tools to combat mortgage fraud and predatory loans;
to make energy efficiency and sustainable development a significant
part of housing policy; and, to support and enhance programs and
policies such as vouchers and community development block grants
that play an important role in the lives of low income families and
"We have also been charged to change the way we do business: to
become more transparent and accountable; to ensure that we subject
all our activities to rigorous evaluation so we can support what
works and modify what doesn't; and, to become the best partner we
can be with the states and localities and private sector firms and
nonprofits that do the real work on housing.
"I look forward to working closely with the Administration to
finalize our budget and then with Congress on giving HUD the
resources and the reforms to make HUD an effective part of the
For a summary of the proposed FY 2010 HUD budget, click here.
For more information, visit www.hud.gov.