HUD

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).

WASHINGTON, DC - May 31, 2012 - (RealEstateRama) -- Today U.S. federal agencies unveiled the Coordinated Federal Action Plan to Reduce Racial and Ethnic Asthma Disparities. White House Council on Environmental Quality (CEQ) Chair Nancy Sutley, Environmental Protection Agency (EPA) Administrator Lisa P. Jackson, Secretary of Health and Human Services (HHS) Kathleen Sebelius and Secretary of Housing and Urban Development (HUD) Shaun Donovan discussed the new plan during an event at Town Hall Education Arts Recreation Campus (THEARC), which houses The Boys and Girls Club of Greater Washington along with other community groups.

CHICAGO, IL - May 28, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today awarded nearly $3.1 million to12 fair housing organizations to assist people in Ohio who believe they have been victims of housing discrimination

PHILADELPHIA - May 28, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today awarded $2 million to fair housing organizations to assist people in Pennsylvania who believe they have been victims of housing discrimination.

WASHINGTON, DC - May 28, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today awarded $900,000 to Spirit Lake Housing Corporation in North Dakota to improve housing conditions, promote community development and to spur ...

WASHINGTON, DC - May 24, 2012 - (RealEstateRama) -- Kaleida Health today held the grand opening of its new Gates Vascular Institute in Buffalo, New York. The new facility's construction was financed by $100.3 million mortgage made possible through the Federal Housing Administration's (FHA) Section 241 Supplemental Mortgage Insurance Program.

WASHINGTON, DC - May 21, 2012 - (RealEstateRama) -- Three affordable housing developments are the recipients of the coveted HUD Secretary’s Housing and Community Design Award, each recognized for excellence in residential housing design. The U.S. Department of Housing and Urban Development (HUD) and the American Institute of Architects (AIA) selected Richardson Apartments in San Francisco, California; Bud Clark Commons in Portland, Oregon and Boston Public Library, Mattapan Branch in Boston, Massachusetts for a new generation of affordable housing.

WASHINGTON, DC - May 17, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) today released two reports on the impact of HUD-approved housing counseling has for those families who purchase their first homes and those struggling to prevent foreclosure. In both studies, HUD found housing counseling significantly improved the likelihood homeowners remained in their homes.

WASHINGTON, DC - May 16, 2012 - (RealEstateRama) -- Today, the U.S. Department of Housing and Urban Development makes $85 million available to state housing agencies to provide affordable supportive housing for extremely low-income persons with disabilities.

WASHINGTON, DC - May 15, 2012 - (RealEstateRama) -- In a budget climate where state and local governments are challenged to do more with less, the U.S. Department of Housing and Urban Development (HUD) today awarded $70 million in grants to help communities and non-profit organizations, improve their use of federal funds to revitalize neighborhoods, help the homeless and produce more affordable housing.

WASHINGTON, D.C. - May 14, 2012 - (RealEstateRama) -- Preet Bharara, the United States Attorney for the Southern District of New York, Stuart F. Delery, the Acting Assistant Attorney General for the Civil Division of the U.S. Department of Justice, Helen Kanovsky, General Counsel of the U.S. Department of Housing and Urban Development (“HUD”), and David A. Montoya, Inspector General of HUD, announced today that the United States has settled a civil fraud lawsuit against DEUTSCHE BANK AG, DB STRUCTURED PRODUCTS, INC., DEUTSCHE BANK SECURITIES, INC. (collectively “DEUTSCHE BANK” or the “DEUTSCHE BANK defendants”) and MORTGAGEIT, INC. (“MORTGAGEIT”)