Why HUD is a Critical Economic Development Partner – Our View from the Trenches

You may not have caught it, but recently presidential candidates and elected officials have suggested the way to balance the budget is to close down entire federal agencies, including the Department of Housing and Urban Development (HUD).  As no surprise, this statement caused quite a stir. One of the first to respond was Edward Glaeser, Harvard Economic professor, and national expert on the housing market. Mr. Glaeser makes some interesting suggestions on what do with HUD’s “best programs” if the Department closed.  Here in the “trenches” we strongly differ with Mr. Glaeser as closing HUD, moving the voucher program and FHA mortgage insurance to the Treasury Department, and phasing out Low-Income Housing Tax Credits (LIHTC), will only bring about greater economic stress to the communities we work in.  The Denver Housing Authority (DHA) and Urban Land Conservancy (ULC) are two distinct organizations with a common mission of revitalizing urban communities for our most vulnerable populations.  While there is a growing consensus that major reforms are needed at HUD, we reject the notion that HUD can or should be eliminated.

Urban Land Conservancy

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