States, Cities Told Housing Needed to End Revenue Slump
Job losses and declining tax revenues resulting from the deep housing slump and the decline in property values require state and local governments to consider innovative ideas to help put the housing market back on track, according to NAHB Chairman Sandy Dunn.
"Necessity is indeed the mother of invention during a financial crisis," Dunn said. "While the federal government has stepped forward with a series of emergency actions to stabilize and restore confidence in the financial markets, it's now time for the same sort of innovative thinking at the local and state levels where public officials are grappling with budget shortfalls that are putting a squeeze on spending for everything from schools to public safety and other essential services." ...