Abstract
In the late 1980s, congressional investigations revealed patterns of influence peddling, lack of oversight, and poorly targeted expenditures at the U.S. Department of Housing and Urban Development, criticizing both the content and administration of various federal housing initiatives. Some commentators have concluded that the dogged preference for a private-sector strategy and the privatization of public activities in the Reagan administration—goals pursued while the agency suffered dramatic budget cuts—are at the root of recent HUD embarrassment.
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