Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

New Life for US Housing and Urban Policy

New Life for US Housing and Urban Policy Margery Austin Turner The Urban Institute After a decade of neglect, housing and urban issues are getting serious attention from the federal government. The subprime meltdown and foreclosure crisis vividly demon- strated how important housing and housing finance are to the national economy and how dangerous it is to mindlessly promote homeownership at the expense of more balanced housing markets and policies. The Obama Administration recognizes that restoring US housing markets is critical to the nation’s larger economic recovery. But the renewed commitment to housing and urban policy goes much farther. Federal policymakers see metropolitan regions as the economic engines that will pull the country out of the cur- rent recession and define post-recovery opportunities. Newly appointed leaders in the Department of Housing and Urban Development (HUD) and in other agencies across government also understand that current urban de- velopment and land use patterns drive wasteful energy usage, traffic congestion, green- house gases, and climate change. They recognize that housing costs have been rising faster than wages for a growing number of Americans, creating tremendous hardship, even among full-time workers. They understand that for the most vulnerable individuals and families, affordable, service-enriched housing may be the key to achieving http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png City and Community SAGE

New Life for US Housing and Urban Policy

City and Community , Volume 9 (1): 1 – Mar 1, 2010

Loading next page...
 
/lp/sage/new-life-for-us-housing-and-urban-policy-NCF6aMq7vC

References (53)

Publisher
SAGE
Copyright
© 2010 American Sociological Association
ISSN
1535-6841
eISSN
1540-6040
DOI
10.1111/j.1540-6040.2009.01314.x
Publisher site
See Article on Publisher Site

Abstract

Margery Austin Turner The Urban Institute After a decade of neglect, housing and urban issues are getting serious attention from the federal government. The subprime meltdown and foreclosure crisis vividly demon- strated how important housing and housing finance are to the national economy and how dangerous it is to mindlessly promote homeownership at the expense of more balanced housing markets and policies. The Obama Administration recognizes that restoring US housing markets is critical to the nation’s larger economic recovery. But the renewed commitment to housing and urban policy goes much farther. Federal policymakers see metropolitan regions as the economic engines that will pull the country out of the cur- rent recession and define post-recovery opportunities. Newly appointed leaders in the Department of Housing and Urban Development (HUD) and in other agencies across government also understand that current urban de- velopment and land use patterns drive wasteful energy usage, traffic congestion, green- house gases, and climate change. They recognize that housing costs have been rising faster than wages for a growing number of Americans, creating tremendous hardship, even among full-time workers. They understand that for the most vulnerable individuals and families, affordable, service-enriched housing may be the key to achieving

Journal

City and CommunitySAGE

Published: Mar 1, 2010

There are no references for this article.