Saturday, February 12, 2011

Administration proposals to overhaul federal housing role draw fire from left

The Washington Post reports:
The Obama administration's plan to overhaul the U.S. housing market drew fire Friday from some of the president's traditional allies, who argued that proposals in the newly released report could make it too costly for many Americans to buy a home.

But while consumer and civil rights groups broke with President Obama over the long-awaited white paper, the plan met with little objection - and even praise - from Republicans, who have pilloried the administration over its housing policies.
The less the government subsidy: the more affordable housing prices will be for the masses.