The Wall Street’s Journal’s Damian Paletta and Michael M. Phillips report that Housing and Urban Development Secretary Alphonso Jackson announced his resignation at 10:00 this morning. Jackson’s four-year tenure has not won him praise in many houses beside the White House.

Congress and local housing authorities have criticized him for his response to Hurricane Katrina and suspicions he rewards housing contracts to friends. His resignation could signal the seriousness of such allegations. Also, the subprime mortgage crisis has increased HUD’s responsibilities, but beyond expanding the lending ability of FHA, Fannie Mae, and Freddie Mac, it doesn’t look like Jackson has made major substantive changes.  Read Paletta and Phillips here.  MB

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