President Obama released details of his administration’s 2010 budget which includes increases for key housing and community development programs, replaces the HOPE VI programs and suggests legislative language will be offered to more deeply target Community Development Block Grant (CDBG) funds.Highlights of the proposed 2010 budget for the Department of Housing and Urban Development (HUD) include:1. A total budget of $43.7 billion, a $3 billion increase above the FY 2009 enacted figure of $40.7 billion.2. A slight increase in funding for the Public Housing Operating Fund. The administration proposes an increase to $4.455 billion and claims it will fund operating expenses at 100 percent.3. The budget reduces funding for the Public Housing Capital Fund to $2.244 billion which is slightly...