"HUD is a federal agency led by Julián Castro that is supposed to “create strong, sustainable, inclusive communities and quality affordable homes for all.” HUD’s “Distressed Asset Stabilization Program” (DASP) is supposed to help homeowners stay in their homes. Instead, under Julián Castro’s leadership, this program has been a huge giveaway to Wall Street.
"In 2015, 98% of the homes sold under this program went to Wall Street (15,309 out of 15,624). These homes were also sold to Wall Street at steep discounts, averaging 45% off for some of the biggest banks in Wall Street. What’s worse, a majority of the loans went to The Blackstone Group, a huge private equity company notorious for its foreclosures. Blackstone tenants have dealt with roach infestations, harassment, and even attempts at illegal evictions."
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