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House Financial Services Committee Heard Testimony from HUD Secretary Alphonso Jackson

Wednesday, March 2, 2005 - 7:15AM

The House Financial Services Committee, chaired by Rep. Michael G. Oxley, R-Ohio, this morning heard testimony from U.S. Department of Housing and Urban Development (HUD) Secretary Alphonso Jackson. The hearing focused on HUD's budget request for fiscal year 2006. Jackson defended proposals for deep cuts to housing programs but disappointed some committee members by declining to give any specifics about the Strengthening America's Communities Initiative (SACI) that would integrate Community Development Block Grants and several other economic development programs in to one grant program within the Commerce Department; Jackson says the details are still being determined and may not be disclosed until mid-April. Click here for a copy of Jackson's prepared statement to the committee.

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