With Ben Carson as HUD Secretary, how will NYC housing and development be affected?

Posted On Mon, January 30, 2017 By

Posted On Mon, January 30, 2017 By In Features, Policy, real estate trends

Dr. Ben Carson, a retired neurosurgeon and failed Republican nominee, has now been cleared to serve as Secretary of Housing for the next four years. For many, his appointment remains perplexing. Carson has no political experience and no obvious knowledge of housing and development issues. At least some concerns about Carson’s fitness for the job were put to rest during his Senate hearing on January 12. Beyond a contentious exchange with Massachusetts Senator Elizabeth Warren, Carson dodged any major attacks. Still, there is no question that under Carson’s direction, the U.S. Department of Housing and Urban Development (HUD) will roll out a series of changes over the coming four years. While some changes will impact housing and development in New York City, Carson’s influence is expected to be minor.

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