HUD

WASHINGTON, DC - July 18, 2012 - (RealEstateRama) -- Qualified entities interested in purchasing pools of severely distressed loans formerly insured by the Federal Housing Administration (FHA) can now submit applications for the Distressed Asset Stabilization Program, an expansion of an FHA disposition program that sells pools of defaulted mortgages headed for foreclosure and provides the opportunity for the purchaser and borrower to avoid a costly foreclosure. According to loan pool information released today, approximately 3,500 loans will be sold in four metropolitan areas that are among those hardest hit by the foreclosure crisis – Chicago, IL; Newark, NJ; Phoenix, AZ; and Tampa, FL – aligning with other neighborhood stabilization efforts to help those communities recover as quickly as possible. The program is part of the Obama Administration's broader strategy to encourage public/private partnerships to stabilize neighborhoods and home values in critical markets. Details on the Distressed Asset Stabilization Program can be found at www.hud.gov/fhaloansales.

WASHINGTON, DC - July 13, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) announced today that it has reached an agreement with Chilton Associates, Ltd., owner of Peachtree Apartments in Clanton, Alabama, and its manager Sunbelt Management Company, settling allegations that they maintained a policy of discriminating against prospective tenants based on national origin. Specifically, HUD alleged that Peachtree Apartments required that prospective Hispanic tenants provide documentation of their immigration status, while not asking the same of non-Hispanic individuals

WASHINGTON, DC - July 10, 2012 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of Minnesota and provide support to homeowners and low-income renter...

WASHINGTON, DC - July 9, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) announced today that it is charging a Minnetonka, MN, condominium association and its management company, Gassen Company, Inc., with violating the Fair Housing Act by discriminating against families with children under the age of 18. According to HUD’s charge, Greenbrier Village Condominium III Association allegedly maintained a policy prohibiting families with children under 18 from living in the building.

WASHINGTON, DC - July 6, 2012 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of Florida and provide support to homeowners and low-income renters f...

WASHINGTON, DC - July 2, 2012 - (RealEstateRama) -- The Obama Administration today convened a meeting with more than 50 local government and business leaders to discuss the role of sustainability in economic development and job creation. The gathering coincided with the third anniversary of the creation of the Partnership for Sustainable Communities, a landmark collaboration between the U.S. Department of Housing and Urban Development (HUD), the U.S. Department of Transportation (DOT) and the U.S. Environmental Protection Agency (EPA).

WASHINGTON, DC - June 29, 2012 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of Colorado and provide support to homeowners and low-income renters...

WASHINGTON, DC - June 20, 2012 - (RealEstateRama) -- U.S. Department of Housing and Urban Development (HUD), the U.S. Department of Health and Human Services (HHS) and heath advocates today launched a new set of tools to encourage and guide private owners of federally assisted multifamily housing and public housing authorities to adopt smoke-free policies to protect residents from the dangers of second-hand smoke and to reduce property maintenance costs

SEATTLE, WA - June 18, 2012 - (RealEstateRama) -- The Tenants Union of Washington State is among 15 nonprofit organizations nationwide to have been awarded a total of $5 million through the U.S. Department of Housing and Urban Development’s new Tenan...

WASHINGTON, DC - June 15, 2012 - (RealEstateRama) -- For the second consecutive year, hundreds of public housing authorities across the country are gearing up to host free events to celebrate Father’s Day. The U.S. Department of Housing and Urban Development (HUD) reports more that nearly 300 local agencies answered HUD’s call to host Father’s Day 2012, compared to approximately 200 agencies during last year’s inaugural event. The purpose of Saturday’s celebration is to celebrate fatherhood, family and to support dads in staying connected with their children. See which housing authorities are hosting events in your area.

ORLANDO, FL - June 15, 2012 - (RealEstateRama) -- Today, during the Annual meeting of the U.S. Conference of Mayors, U.S. Department of Housing and Urban Development (HUD) Acting Assistant Secretary for Policy Development and Research, Erika Poethig, and Acting Assistant Secretary of Commerce for Economic Development, Matt Erskine, announced that the Strong Cities, Strong Communities Initiative (SC2) will be allocating $11 million in grants to assist economically challenged municipalities in creating long term economic development plans, as well as fund the establishment of the SC2 National Resource Network (the SC2 Network); which will provide a single portal for short term technical assistance on a variety of operational and programmatic issues.

WASHINGTON, DC - June 14, 2012 - (RealEstateRama) -- In an effort to help low-income tenants receiving Section 8 project-based rental assistance and to preserve affordable housing, the U.S. Department of Housing and Urban Development today awarded nearly $5 million to 15 nonprofit organizations through HUD’s new Tenant Resource Network (TRN). The purpose of TRN is to make grants to qualified nonprofit organizations to assist, inform, educate and engage tenants living in certain Section 8-assisted properties at risk of losing affordability protections or project-based rental assistance.

WASHINGTON, DC - June 14, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today awarded $13.5 million in “sweat equity” grants to produce at least 741 affordable homes for low-income working families and individuals. Funded through HUD’s Self-Help Homeownership Opportunity Program (SHOP), the grants awarded today, along with the labor contributed by these families, will significantly lower the cost of homeownership.

WASHINGTON, DC - June 13, 2012 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan and U.S. Department of Veterans Affairs Secretary Eric K. Shinseki announced today that HUD will provide an additional $2.5 million to public housing agencies to supply housing and case management for 380 homeless veterans. (See list below.) This funding is part of a total $75 million the Obama Administration is investing this year to house 10,450 homeless veterans who might otherwise be living on the streets.

WASHINGTON, DC - June 12, 2012 - (RealEstateRama) -- Today the U.S. Department of Housing and Urban Development (HUD), the U.S. Department of Agriculture – Rural Development (USDA-RD) and the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced a joint “Border Community Capital Initiative” (Border Initiative), a collaboration designed to increase access to capital in the U.S./Mexico border region which includes some of the poorest communities in the country.

WASHINGTON, DC - June 12, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today awarded $500,000 in research grants to four entities to study HUD’s Choice Neighborhoods (CN) Program, a centerpiece of HUD’s neighborhood revitalization efforts to transform distressed neighborhoods into sustainable, mixed-income neighborhoods with the affordable housing, safe streets and good schools.

WASHINGTON, DC - June 11, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) announced today that Bank of America has agreed to pay up to $161,180 to settle allegations that one of the bank's San Jose, California branches refused to refinance the mortgage of an Irvine woman because she was on maternity leave. HUD reached the agreement with Bank of America to resolve a Fair Housing Act complaint that had been filed by the Fair Housing Council of Orange County (FHCOC)

CHICAGO, IL - June 11, 2012 - (RealEstateRama) -- Thousands of borrowers severely delinquent on loans insured by the Federal Housing Administration (FHA) will have help from a new servicer to explore affordable mortgage solutions or achieve a favorable resolution under an enhanced government note sale program announced today. In a press conference held at the 2012 Clinton Global Initiative America Meeting, U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan and Acting FHA Commissioner Carol Galante launched the Distressed Asset Stabilization Program, an expansion of an FHA pilot program that allows private investors to purchase pools of mortgages headed for foreclosure and charges them with helping to bring the loan out of default.

WASHINGTON, DC - June 7, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the Mayedition of the Obama Administration's Housing Scorecard – a comprehensive report on the nation’s housing market.

WASHINGTON, DC - June 6, 2012 - (RealEstateRama) -- The Department of Veterans Affairs (VA) today joined JBJ Soul Foundation Chairman, Jon Bon Jovi, to announce the five finalists of Project REACH (Real-time Electronic Access for Caregivers and the Homeless) during the Health Data Initiative Forum in Washington, D.C., sponsored by the Department of Health and Human Services’ (HHS).