Tuesday, April 19, 2011

Marc Morial: Budget Deal’s HUD Cuts Will Harm Millions

by Urban League President Marc Morial

The continuing resolution that averted a shutdown of the federal government contains a potentially disastrous provision that would eliminate all funding for the Department of Housing and Urban Development’s Housing Counseling Program.  To scrap this valuable program in the midst of the foreclosure crisis is incomprehensible. Since 2009,  HUD-approved housing counseling agencies have more than 4 million families with individual housing counseling.  These programs have worked to prevent mortgage delinquency for 2.6 million households, helping more than 800,000 avoid foreclosure.

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