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HUD Archives: News Releases
CUOMO SAYS TAX AGREEMENT GOOD NEWS FOR AMERICA'S CITIES
WASHINGTON -- Housing Secretary Andrew Cuomo said today that America's cities are winners under a tax agreement negotiated by the Clinton Administration and Congress.
"President Clinton has won a victory for millions of American families living in our cities," Cuomo said. "The President will now be able to continue his work of revitalizing our cities and preserving affordable housing."
Cuomo said the tax agreement will:
The Section 8 program, under which contracts for 1.8 million affordable housing units would expire in FY 1998, subsidizes housing for low-income people, primarily disabled, elderly and families that work.
"President Clinton, the House and Senate succeeded in working together for the good of urban America," Cuomo said.
Content Archived: January 20, 2009