A Great, Almost New Idea!
epublican vice presidential nominee Jack F. Kemp's signature scheme as the Bush Administration's Housing and Urban Development Secretary was a plan to sell public housing to the residents. It got plenty of drum rolls, but his scheme never got off the ground. Now the Clinton Administration's HUD Secretary, Henry G. Cisneros, has this great new idea.
You got it: Make 25,000 public housing families homeowners by the year 2000.
"This is a different strategy," Cisneros insists. Well, sort of. In addition to selling housing HUD already owns, the plan calls for helping qualified tenants buy houses on the private market. Good luck.