George Voinovich once again is half right: HUD has contributed to the residential-housing mess in Cleveland. However, demolition is not a cost-effective solution; it merely compounds the wasting of assets. Here's the short article, from downstate:
Posted Feb 06, 2009 @ 07:46 AM
U.S. Sen. George Voinovich is demanding that the U.S. Department of Housing and Urban Development do more to address blighted properties in Cleveland.
Voinovich wants the federal agency to begin demolishing rundown houses instead of selling them to speculators who do little to improve their condition.
Voinovich says in a letter to newly confirmed HUD Secretary Shaun Donovan that HUD should be a partner in the city's recovery, not a contributor to the city's blight problem.
Elected officials and housing activists have long complained that HUD ignores offers by Cleveland community groups to buy homes for rehabilitation.
A HUD spokesman says the agency will analyze all HUD-foreclosed properties in the area and get back to Voinovich quickly.