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Down Payment Assistance Funding Scheme Violates Law, Forces Borrowers to Accept Higher Interest Rate...

The Federal Housing Administration (FHA) is steering borrowers toward a down payment assistance program with a funding scheme that violates federal law, forces borrowers to accept a higher interest rate, and poses a risk to the FHA’s insurance fund, according to the Inspector General of the Department of Housing and Urban Development (HUD)

National Real Estate Group: HUD goes too far!

The National Real Estate Investors Association (NREIA) said today that new guidelines issued Monday by the U.S. Department of Housing and Urban Development go too far and will have a chilling effect on criminal background checks used to screen potential tenants. According to HUD, because a disproportionate number of African Americans & Hispanics have criminal records, they face potential discrimination in housing options based on race, in violation of the Fair Housing Act.

HUD AWARDS CHOICE NEIGHBORHOOD GRANTS IN SIX CITIES

WASHINGTON - January 19, 2015 - (RealEstateRama) -- Building on a commitment to help local communities redevelop distressed public or assisted housing and transform neighborhoods, U.S. Housing and Urban Development (HUD) Secretary Julián Castro announced seven new Choice Neighborhoods Planning Grant awards. These awards will help grantees craft comprehensive, locally driven plans to revitalize and transform distressed neighborhoods

Congressional Sign-On Letter Circulating to Urge HUD to Finalize the Affirmatively Furthering Fair Housing...

WASHINGTON, D.C. - April 4, 2014 - (RealEstateRama) -- Noting that this is Fair Housing Month, the National Low Income Housing Coalition (NLIHC) and other national organizations are asking interested persons to ask their Representatives in the U.S. House to sign on to a letter urging HUD Secretary Shaun Donovan to “move forward expeditiously” in issuing a final AFFH rule. (Comments on the draft rule closed in September 2013).

Philadelphia’s Ascension Manor Celebrates Grand Reopening

Marlton, NJ - October 17, 2011 - (RealEstateRama) -- The Ukrainian Catholic Archdiocese of Philadelphia, along with its development partner, The Michaels Organization, today hosted a grand reopening and dedication ceremony of the newly revitalized Asce...

Statement from the Campaign for Housing and Community Development Funding on President Obama’s FY12...

WASHINGTON, D.C. - February 16, 2011 - (RealEstateRama) -- Yesterday President Barack Obama released his FY12 budget, which would freeze non-defense discretionary spending for five years in an effort to reduce the budget deficit. While some housing and community development programs are spared the knife, critical HUD programs that provide housing stability, promote economic mobility and job creation, and stabilize communities would be significantly reduced

House FY11 Budget Bill Slashes and Burns Federal Housing Safety Net

February 15, 2011 - (RealEstateRama) -- The House of Representatives is expected to vote on its FY11 spending bill, H.R. 1, this week. The bill would cause devastating reductions to non-defense discretionary programs and cut more than $5.7 billion from HUD programs compared to the FY10-enacted level of about $43.5 billion. In addition, the bill would make more than $394 million in rescissions from unobligated balances in HUD programs.

VA & HUD Issue First-Ever Report on Homeless Veterans

WASHINGTON, DC - February 11, 2011 - (RealEstateRama) -- For the first time, the Department of Veterans Affairs (VA) and the Department of Housing and Urban Development today published the most authoritative analysis of the extent and nature of homelessness among Veterans. According to HUD and VA’s assessment, nearly 76,000 Veterans were homeless on a given night in 2009 while roughly 136,000 Veterans spent at least one night in a shelter during that year.

HUD Awards $3.4 Million To Assist 22 Homeless Programs In Alaska Part Of Administration...

ANCHORAGE, AK - January 24, 2011 - (RealEstateRama) -- U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today awarded nearly $3,420,701 in Continuum of Care renewal grants to support 22 local homeless providers across Alaska in the c...

Business Real Estate Press Releases

Dan Riley JVDirectorChair

National Broker Portal Names New Board Member, Chair

The Board of Managers of the National Broker Portal, a joint venture between Broker Public Portal (BPP) and Homesnap, today announced Daniel J. Riley, Esq., of Howard Hanna Real Estate Services, has joined its Board and become its Chairman. Riley is Executive Vice President of Administration at Howard Hanna, ranked as the third largest real estate firm in the U.S. by REAL Trends

Recent Gov & Nonprofit Real Estate Press Releases

Abode Communities

Affordable Housing Developers Welcome Mayor Eric Garcetti, Councilman Joe Buscaino

Abode Communities and Mercy Housing California, together with the Housing Authority of the City of Los Angeles (HACLA), will celebrate the grand opening of Camino del Mar and Vista del Mar, 176 service-enhanced affordable family homes in the Wilmington neighborhood of Los Angeles.