Romney: HUD ‘Might Not Be Around Later’

Posted by Orb Staff on April 16, 2012 No Comments
Categories : Residential Mortgage

11320_mittromney2 Romney: HUD 'Might Not Be Around Later' Mitt Romney, the presumptive Republican nominee for president, has reportedly stated that he might shut down the U.S. Department of Housing and Urban Development (HUD) if he wins the November election.

MSNBC reports that Romney told the attendees of a private fundraising party held yesterday in Palm Beach, Fla., that HUD would be among the federal agencies that he would eliminate as part of his presidential administration. In making his statement, Romney alluded to a family connection to HUD – his father, former Michigan Gov. George Romney, had served as HUD secretary during the Nixon administration

‘I'm going to take a lot of departments in Washington, and agencies, and combine them,’ Romney reportedly said. ‘Some eliminate, but I'm probably not going to lay out just exactly which ones are going to go – things like Housing and Urban Development, which my dad was head of, that might not be around later. But I'm not going to actually go through these one by one. What I can tell you is, we've got far too many bureaucrats. I will send a lot of what happens in Washington back to the states.’

Romney also reportedly pledged that he would ‘probably eliminate for high-income people the second-home mortgage deduction,’ along with deductions for state income and property taxes.

Officially, the Romney presidential campaign has made no statements regarding the future of HUD and other federal housing programs. Romney's new statements, according to MSNBC, were made to campaign donors ‘in the backyard of a private home’ and were overheard by reporters positioned outside of the event.

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