Skip to comments.Audit Faulted Cuomo's HUD Overhaul
Posted on 10/22/2010 6:37:23 PM PDT by GOP_Lady
Andrew Cuomo points to his time as Housing and Urban Development secretary as a prime example of how he's made government more efficient and effective. But federal auditors say Mr. Cuomo oversaw a "poorly planned" overhaul of personnel that bulked up HUD's public outreach but undermined the agency's enforcement efforts.
During the gubernatorial debate on Monday, Mr. Cuomo touted his four-year record at HUD, saying he "shrunk government" and promising to do the same in Albany if elected governor. "The question in this race is who can actually do it. Who can get it done," he said.
While the number of full-time employees at HUD declined under his watch, Mr. Cuomo also added hundreds of high-paid positions as part of his "Community Builders" program, which came under withering criticism from HUD's veteran field staffs, federal auditors, and Republican lawmakers in Washington.
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Wasn’t it Cuomo, as head of HUD who induced Fannie, Freddie and the FHA to lower their underwriting standards insisting that 50% of their portfolios should be comprised of subprime mortgages? He was a key player in creating the subprime mortgage crisis, and now he want’s to be governor of New York?