Mention the Department of Housing and Urban Development and the
word "scandal" comes to mind. Within recent history, the
association is quite accurate; congressional panels have
investigated "abuses, favoritism, and mismanagement" at HUD; at
HUD's predecessor, the Federal Housing Administration, the FBI
targeted the association for involvement in fraudulent
home-improvement schemes; and HUD was scrutinized for lax lending
standards, blatant over appraisals, and shoddy housing. In this
groundbreaking volume, Irving Welfeld, a senior analyst with HUD,
describes and explains these episodes as well as a series of hidden
blunders that have cost taxpayers billions of dollars.
In this thorough, firsthand account, Welfeld provides not only
documented history, but analyses of events that arrive at different
interpretations than Congress reached in its investigations.
Throughout, his readings ask hard and probing questions: Where were
the overseers--the media, Congress, the General Accounting Office,
the Office of Management and Budget? To what extent is poor
management the root cause of HUD's failures? Will tighter
regulation help in keeping out corruption?
After his comprehensive survey of the scene, Welfeld offers
solutions: a set of programs that would minimize secrecy on the
part of federal administrators and the temptation to abuse the
public trust. Most importantly, the programs outlined here will
enable HUD to more effectively fulfill its mission to see that
there is decent affordable housing for all Americans. This book
will be of interest to scholars of public administration, political
scientists, and analysts of housing issues.
General
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