The tax break will reduce federal revenues by $131 billion in 2012 -- but is it effective in fostering home ownership?
With housing starts rising in April, HUD Secretary Shaun Donovan says his department will reallocate up to $1 billion to help areas where the housing industry has not recovered.
Alaskan Gov. Sarah Palin became the first woman governor of her state in December 2006. Palin was selected by John McCain as the vice presidential candidate – only the second woman in the US to be selected for that post. After the 2008 election, Palin announced in July 2009 that she would resign her post as governor of Alaska and would not run for reelection in 2010. Palin released her memoir, 'Going Rogue: An American Life,' in November 2009. The former governor and vice-presidential candidate has since formed a political action committee, SarahPAC, and in February 2010 appeared as the keynote speaker at the inaugural 'tea party' convention in Nashville, Tenn.
President Obama's federal budget includes proposals to increase housing assistance and boost programs that help low-income Americans. That's good news for cities.