Among other responsibilities, the office would oversee a $150-million sustainable communities fund as well as a $100-million energy innovation fund, a HUD spokesperson tells GlobeSt.com. The office's creation was part of HUD's 2010 budget, submitted in May. The budget also proposes eliminating or consolidating 27 programs and activities.
Its mission also includes providing technical and policy support for energy, green building, and integrated housing and transportation programs at HUD and managing HUD's relationships with the departments of Transportation and Energy and the Environmental Protection Agency.
The new office is part of HUD Secretary Shaun Donovan's push to create a paradigm shift in how the US thinks about community development, the spokesperson says. "It is why we are seeing more conversations between HUD, Transportation and Energy--it has been recognized there needs to be more focus on tomorrow's communities."
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
