Kennedy carrot & stick to States: increase housing 3% a year, if you do increase or if not reduce

Either don’t do it or find ways not to do it. We should set a reasonable goal

for every state. I would want to do that with you I don’t know whether that’s 3% or 5%. We should turn to the states and say we expect you to increase housing starts by 3% a year if you don’t that’s your call but we will reduce your federal support proportionate to the amount below the % if you will do it we will increase your federal support by the amount you exceed 3% and leave it to State and local government on how to do it carrot and stick. I think Mr. Turner understands

that.

senator Kennedy supports Scott Turner’s HUD nomination in Banking

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Kennedy carrot & stick to States: increase housing 3% a year, if you do increase or if not then reduce

Key Points

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Either don’t do it or find ways not to do it

• We should set a reasonable goal

for every state

• I would want to do that with you I don’t know whether that’s 3% or 5%
• We should turn to the states and say we expect you to increase housing starts by 3% a year if you don’t that’s your call but we will reduce your federal support proportionate to the amount below the % if you will do it we will increase your federal support by the amount you exceed 3% and leave it to State and local government on how to do it carrot and stick