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Medill News Service: HUD secretary counters criticism that only rich benefit from public-private partnerships

Bloomberg News/Landov
Ben Carson, secretary of Housing and Urban Development (HUD), speaks as U.S. President Donald Trump listens during an executive order signing in the Roosevelt Room of the White House in Washington, D.C., U.S., on Wednesday, Dec. 12, 2018.

WASHINGTON — Public-private partnerships are not just benefiting the wealthy but helping low-income areas, Housing and Urban Development Secretary Ben Carson told a crowded ballroom on Tuesday at the annual National League of Cities conference.

“Some people have complained that, you know, it’s a mechanism for the rich to increase their wealth,” Carson said. “Well, what they don’t understand is rich people are going to take their money, and they’re going to invest it somewhere, so why not incentivize them to invest it into areas that have been economically neglected and deprived.

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