“Under Obama’s proposal, fewer to own homes,” reported the Antiplanner’s local paper. The paper was reprinting an article from the New York Times, whose original headline was the slightly less inflammatory, “Administration calls for cutting aid to homebuyers.”
Is this another smart-growth plot to restrict homeownership only to the wealthy? Or is it a rational response to the recent financial crisis? The article is based on a report from the Department of Housing and Urban Development on reforming the home finance market.