HUD to Back More Homeownership
Housing Secretary Julian Castro has told a bipartisan coalition of housing leaders that HUD is ready to get back into the business of promoting homeownership, suggesting a course change from several years of extraordinarily tight controls on lenders.
According to the survey:
From now until the end of the Obama administration, Castro said HUD would focus on “expanding opportunity for all Americans.”
“The best place to start is homeownership. In fact, it’s time to remove the stigma associated with promoting homeownership. When done responsibly, it strengthens communities and boosts our economy. It helps families put down roots and secure their financial futures. In short, it’s a cornerstone of the American Dream.”
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