HUD’s Carson to Helm New Development Council

HUD’s Carson to Helm New Development Council

December 17, 2018
The Trump Administration is approaching the question of affordable housing by seeking increased private investment and expanding programs that have been successful, according to Housing & Urban Development (HUD) Secretary Ben Carson
President Trump has named Housing and Urban Development Secretary Ben Carson as the chairman of the newly-created White House Opportunity and Revitalization Council.
The 13-member council is tasked with identifying ways to more effectively use federal taxpayer funds for economic development within low-income communities. The council is also charged to streamline and coordinate existing federal programs to related to opportunity zones while identifying economically distressed communities where new investments may be eligible for preferential tax treatment. The council is also being asked to review and recommend legislative proposals and potential regulatory reform that could encourage further capital investment in economically distressed communities.
“These are still early days for the work of the council and opportunity zones, but the groundwork has been laid,” Carson said. “The seeds the President has planted are growing and the promise they hold will improve places long forgotten, and the lives of those who call those places home.”