Weekly News via Email
   Set as homepage | Add to favorites | Customer Service | Subscribe Now | Place an Ad | Contact Us | Sitemap Saturday, 08.30.2014
Classifieds
News Archive
Su Mo Tu We Th Fr Sa
 1
 2  3  4  5  6  7  8
 9  10  11  12  13  14  15
 16  17  18  19  20  21  22
 23  24  25  26  27  28  29
 30  31
Online Extras
Site Services
Around Bend
Outdoor Fun
Travel Info
Shop Local




Members Of



Poll: Today's Live Poll
Email to a friend | Print this | PDF version | Comments (0 posted) 
  Blogger |   del.icio.us |   digg |   newsvine

Mar 31,2008
HUD's Jackson rumored to be stepping down
by UPI

WASHINGTON -- U.S. Housing and Urban Development Secretary Alphonso Jackson reportedly will resign Monday, which observers say would hurt efforts to fix the housing crisis.

U.S. Sens. Patty Murray, D-Wash., and Christopher Dodd, D-Conn., sent a letter to U.S. President George Bush earlier in March, urging him to ask for Jackson's resignation, saying accusations of wrongdoing made him ineffective, The Wall Street Journal reported. Jackson has denied any impropriety while leading HUD.

HUD runs the Federal Housing Administration, which insures mortgages for low-income homeowners and first-time home buyers. Congress and the White House have discussed expanding the FHA to play a bigger role in stabilizing the mortgage market. The agency also would be the keystone of a HUD plan to provide partial insurance to homeowners who owe on their mortgages than their homes are worth, the Journal reported.

The latest claim of wrongdoing by Jackson stems from a Philadelphia redevelopment deal. The city's housing authority has sued, charging Jackson tried to punish the agency for blocking a deal involving a friend of his. Jackson earlier was cleared of wrongdoing after he made remarks that could be that contracts were awarded in some cases based on political affiliation.

Copyright © 2008, by United Press International. All Rights Reserved.

927 times read

Related news
Clinton outlines housing initiative by UPI posted on Mar 24,2008

Bush outlines plan for strapped homeowners by UPI posted on Aug 31,2007

New Orleans protest housing demolition by UPI posted on Dec 14,2007

HUD Raises FHA Mortgage Insurance Limits in Six Oregon Counties by Bend Weekly News Sources posted on Nov 17,2006

No time to waste by The Milwaukee Journal Sentinel posted on Jan 25,2008

Did you enjoy this article? Rating: 5.00Rating: 5.00Rating: 5.00Rating: 5.00Rating: 5.00 (total 5 votes)

Market Information
Breaking News
Most Popular
Most Commented
Featured Columnist
Horoscope Guide
Aquarius Aquarius Libra Libra
Aries Aries Pisces Pisces
Cancer Cancer Sagittarius Sagittarius
Capricorn Capricorn Scorpio Scorpio
Gemini Gemini Taurus Taurus
Leo Leo Virgo Virgo
Local Attractions
Bend Visitors & Convention Bureau
Bend Visitors & Convention Bureau

Mt. Bachelor Resort
Mt. Bachelor Resort

Les Schwab Ampitheater
Les Schwab Ampitheater

Deschutes County Fairgrounds
Deschutes County
Fairgrounds

Tower Theatre
Tower Theatre

The High Desert Museum

Advertisements



Deschutes County

Google  
  Web    BendWeekly.com
© 2006 Bend Weekly News
A .Com Endeavors, Inc. Company.
All Rights Reserved. Terms under
which this service is provided to you.
Please read our Privacy Policy. Contact us.
Bend Weekly News & Event Guide Online
   Save the Net
Advertisement
External sites open in new window,
not endorsed by BendWeekly.com
Subscribe in NewsGator Online
Add to Google Add to MSN Add to My AOL
What are RSS headlines?