Secretary Bloom: HUD took all the steps while working with Hope Six

Deputy Assistant for the U.S. Department of Housing and Urban Development (HUD), Secretary Dominique Bloom, talks about HUD’s communication with the Hope Six Programs still needing to expend their funds. She explains that the grant agreement between each grantee and HUD clearly stated that all funds must be expended within five years of grant award. Bloom says that HUD worked with grantees to help them stay on track with their development schedule, including many site visits. (0:50)
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Congresswoman Waters says U.S. in the middle of affordable housing crisis

Chairwoman Maxine Waters (D-Calif.) talks about the Hope Six Amendment Act of 2008. She says that without this bill, there are no exceptions in federal law for circumstances under which the five year deadline for Hope Six programs to expend their funds can be made. Waters also says that without an extension on this deadline, communities will suffer. (1:03)
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