Summary

Portrait of Barack Obama Barack Obama Unease and Uncertainty

In the end, expanding access to affordable housing isn’t just about caring for the least fortunate among us and strengthening our middle class -- it’s about ending our housing mess, climbing out of our financial crisis, and putting our economy on the path to long-term growth and prosperity.
Source: Wikisource

Portrait of Barack Obama Barack Obama Unease and Uncertainty

We need to approach the old challenge of affordable housing with new energy, new ideas, and a new, efficient style of leadership. We need to understand that the old ways of looking at our cities just won’t do. That means promoting cities as the backbone of regional growth by not only solving the problems in our cities, but seizing the opportunities in our growing suburbs, exurbs, and metropolitan areas. No one knows this better than the outstanding public servant I am announcing today as our next Secretary of Housing and Urban Development -- Shaun Donovan.
Source: Wikisource

Portrait of Barack Obama Barack Obama Unease and Uncertainty

With banks creating securities they could not value, and regulators looking the other way, the problem began infecting the whole economy, leading to the crisis we’re now facing.
One in ten families who owns a home is now in some form of distress, the most ever recorded. This is deeply troubling. It not only shakes the foundation of our economy, but the foundation of the American Dream. There is nothing more fundamental than having a home to call your own.
Source: Wikisource

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