News Round-Up: Skewed Priorities

As the Washington Post reported on Thursday, Congress passed a HUD budget that makes deep cuts to housing programs, with the deepest cuts going to housing production programs.

“I’ve never seen anything else that steep,” said Sheila Crowley, president of the National Low Income Housing Coalition. “The impact is huge. It will have a ripple effect throughout the system.”

The Atlantic notes that “this same week that Congress agreed to help out Americans who don’t need it by backing giant mortgages, it cut funding for housing projects.”

Learn more about the details of the FY12 budget in Memo to Members.