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Sunday, January 01, 2006

New Year's Day housing indignation mix

In keeping with the New Year's Day tradition of headaches and resolutions:

- The Harvard Joint Center for Housing Studies reports that a "dual mortgage delivery system" is pushing many of the famously increased numbers of minority and low-income home buyers into the expensive realm of subprime mortgage lending.

- HUD staff union AFGE 222 is protesting the agency's treatment of New Orleans employees: it says that, for fear of conflict of interest, HUD is refusing to provide housing assistance such as other federal employees in the area have received. The union contends, "...Almost all are without housing; some are facing eviction from FEMA hotels; others are struggling to care for sick and disabled family members; many of them are struggling with depression...."

- The Center on Budget and Policy Priorities is criticizing political justifications given for last week's loss of $2 billion in home energy assistance funds in Senate handling of the defense appropriations bill.
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