Henry Cisneros served as Secretary of the Department of Housing and Urban Development from 1993-1997. Cisneros co-chairs the Bipartisan Policy Center's Housing Commission, Immigration Task Force, and Senior Health and Housing Task Force. Cisneros is also currently executive chairman of the CityView companies, which work with urban homebuilders to create homes priced within the range of average families.
As our nation ages, millions of older adults are left without affordable housing options. In this guest post, former HUD Secretaries Henry Cisneros and Mel Martinez discuss why the situation is so dire and what we can do to change it.
As the nation emerges from the recession, it is widely accepted that housing, as in the past, will be an instrumental part of a meaningful economic recovery. While opinions may differ on the role of the government and the best approach to meet our current and future needs, we can all agree that the housing finance and delivery systems in place today are in desperate need of repair.
With the recent turnover in leadership at the Federal Housing Finance Agency, we may be standing at the precipice of great change in the government’s role in supporting the mortgage market through Fannie Mae and Freddie Mac.