#163 Fall 2010 — Neighborhood Stabilization

Shelterforce Interview: Raphael Bostic, HUD Assistant Secretary for Policy Development and Research

Bostic, now in his second turn at HUD, is known for his extensive work analyzing the roles that credit markets, financing, and policy play in furthering economic access for all.

Matthew Brian Hersh

You’ve written about HUD in the past in a research capacity. For a long time, a lot of people had the sense that HUD was more of a barrier than anything else.

This secretary has said from basically day one that he wants to change the world. And the only way to get there is by focusing on outcomes.

And so, we’ve worked pretty hard in PD&R to identify and lift up a series of metrics for those outcomes that then we can use as baselines and benchmarks to think about how we’re doing.

It really all comes back to the secretary’s goal of having an impact on the ground and having the money really move things in significant ways. NSP2 is patterned on that, [as are] a lot of our budget proposals around rental assistance, around Office of Sustainable Housing and Communities, around catalytic investments and the like. Is this really going to move the dial in a measurable way? If it’s not, I think the secretary has less interest in it. In a lot of ways it’s a sea change in how we even conceive of what the department is trying to do.

OTHER ARTICLES IN THIS ISSUE

  • Just Google “Affordable+Housing”

    December 25, 2010

    Google has entered the affordable housing arena.

  • Dragged Down by Regs

    December 24, 2010

    For an "emergency" measure, NSP came so loaded with ever-shifting regulations and restrictions it was hard to get any money out the door. It's getting better, but more could be done.

  • HAMP Is Not Enough

    December 24, 2010

    The federal government's Home Affordable Modification Program has a lot of mass appeal. But banks have been slow to act and HAMP was never intended to be the sole solution to the foreclosure crisis. HAMP needs backup.