If HUD Must Close, Let’s Keep Its Best Programs

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April 24 (Bloomberg) -- Mitt Romney suggested last weekthat the Department of Housing and Urban Development “might notbe around later.” Predictably, this set off a minor firestorm.

Eliminating every HUD program would be unwise and inhumane,but the best ones could be saved even if the department wereshuttered. If we want to take Romney’s suggestion seriously, weshould start by designing a shutdown plan, under which HUD’smost critical functions, such as housing vouchers and theFederal Housing Administration, remain operational.