HUD's Affordable Housing Crisis

Feburary 17, 2009
As the Obama Administration plans to implement their recently signed $787 billion rescue plan, one of the areas they will immediately be forced to confront is the ongoing housing crisis. The stimulus gives the Department of Housing and Urban Development $13.6 billion to address the needs of low-income families across the country. Experts say it's a good start, but new HUD Secretary Shaun Donovan is facing an enormous task, as he attempts to overhaul an agency that is facing years of neglect and mounting debt.