U.S. mayors are working to resolve the housing crisis by using federal money. Rampant foreclosures are especially hurting cities by choking off property tax revenues that fund city services. Jill Barshay reports.
A large portion of federally-subsidized rental units will be in jeopardy in the next five years once Section 8 housing contracts expire. Sarah Gardner reports the average post-Section 8 rent hike is between 20% and 40%.
Congress is looking into making loans for green homes and energy-efficient remodeling projects more affordable. Sam Eaton reports energy efficient housing could offer a bright spot in a slumping market.