In his zeal, Cisneros forgot the little guy |
Tuesday, 28 October 2008 |
Genesis of âAffordableâ Homeownership at What Price?
Policies Mr. Cisneros authorized while at HUD shaped the agenda of an unchecked industry that encouraged builders to carelessly throw up shoddily constructed homes overnight in the name of âaffordableâ housing... Forgotten was the lack of respect for those who were to live in these homes...The sad part is that Cisneros carried the water for some of the worst giants of the industry, giants like Countrywide and KB Homes. He facilitated federal policies that became the bread and butter of the building industry; a market made up of young first-time homebuyers and families that could not afford homes that were venerable to the deceptions of predatory lending... Overcompensated greedy CEO
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s and the building industry are the sole beneficiaries of the failed policies of Henry Cisneros. In his zeal, Cisneros forgot the little guy. See: New York Times Article - Building Flawed American Dreams
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