News

WASHINGTON, DC - May 3, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) today awarded more than $23 million in grants to organizations which will help state and local communities, as well as non-profit organizations, improve their use of federal funds to revitalize neighborhoods, help the homeless and produce more affordable housing.

WASHINGTON DC - May 2, 2011 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of Alabama and provide support to homeowners and low-income renters forced from their homes following severe storms, tornadoes, straight-line winds, and flooding this week

WASHINGTON, DC - April 28, 2011 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today awarded more than $216 million to nearly 700 new homeless programs across the country. The grants announced today are $26 million more than last year’s grants and, combined with renewal funding announced earlier this year, represents the most homelessness assistance ever awarded by HUD. HUD is also continuing to confront rural homelessness by targeting a record $16.4 million to 87 never-before-funded programs in less populated areas of the country (see attached list of the local programs awarded grants today or visit HUD’s website).

WASHINGTON, DC - April 26, 2011 - (RealEstateRama) -- Today, the U.S. Department of Housing and Urban Development announced that more than a thousand extremely low-income persons living with HIV/AIDS will continue to receive permanent housing as a result of $23 million in grants. During each of the next three years, this HUD funding will help provide permanent supportive housing for 1,015 households so they can manage their illnesses while receiving critically needed support services.

WASHINGTON, DC - April 26, 2011 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to Atoka County in Oklahoma and provide support to homeowners and low-income ...

WASHINGTON, DC - April 22, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development announced today nearly $110 million is available through three grant programs to help families who receive HUD rental assistance get the necessary education or job training to gain employment. One of the grant programs also helps senior citizens connect with supportive services to allow them to remain in their home.

WASHINGTON, DC - April 21, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today announced a competition for nearly $65 million to confront housing, infrastructure and employment challenges faced by tribal communities nationwide. The funds are intended for communities seeking to improve or create housing and economic development opportunities for low- to moderate-income families.

WASHINGTON, DC - April 21, 2011 - (RealEstateRama) -- Eighteen national, regional and local lenders will participate in a new two-year pilot program that will offer qualified borrowers living in certain parts of the country low-cost loans to make energy-saving improvements to their homes. Backed by the Federal Housing Administration (FHA), these new PowerSaver loans will offer homeowners up to $25,000 to make energy-efficient improvements of their choice, including the installation of insulation, duct sealing, replacement doors and windows, HVAC systems, water heaters, solar panels, and geothermal systems.

WASHINGTON, DC - April 18, 2011 - (RealEstateRama) -- Today, the U.S. Department of Housing and Urban Development (HUD) is launching a new campaign in Miami, Chicago, and Los Angeles called Know It. Avoid It. Report It. This campaign has two objectives. First, it aims to direct homeowners facing foreclosure to trusted resources and housing counselors.

Washington DC - April 13, 2011 - (RealEstateRama) -- Three winners emerged today from the global collaborative competition: Sustainable Urban Housing: Collaborating for Liveable and Inclusive Cities competition, hosted by Ashoka’s Changemakers, with support from the Rockefeller Foundation. The competition identifies innovative solutions for providing sustainable, energy efficient housing in a way that unleashes economic opportunities for the urban poor, and builds smarter, cleaner cities around the world

WASHINGTON, DC - April 121, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today announced that it is making grants available to help eliminate lead-based paint and other housing related health hazards from lower income homes. The funding will help protect young children as well as other vulnerable populations.

WASHINGTON, DC - April 11, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) announced today that it will launch an effort to better address national origin based housing discrimination during Fair Housing Month in April. HUD will initiate a national media campaign and a series of community discussions on topics ranging from rental practices to mortgage lending. HUD's first Immigrant Housing Conference, which will educate the public and housing providers about their fair housing rights and responsibilities, will be conducted in Omaha, Nebraska, April 14

WASHINGTON, DC - April 8, 2011 - (RealEstateRama) -- The Federal Housing Administration's Mortgagee Review Board (MRB) today announced a settlement agreement with a Massachusetts mortgage lender for failing to fully verify whether borrowers could sustain their mortgage payments prior to refinancing their loans. Among the alleged violations, the MRB claimed First American Mortgage Trust (FAMT) of Brookline, Massachusetts refinanced mortgage loans for borrowers with serious credit delinquencies without properly analyzing the households' ability to manage credit

WASHINGTON, DC - April 5, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development announced today that it is launching a national media campaign to kick off Fair Housing Month, celebrated across the country each April to commemorate the passage of the Fair Housing Act. The "Live Free" campaign will use newspaper and magazine ads, as well as the latest digital media, including social networking sites, to increase the Department’s efforts to educate the public and housing providers about their fair housing rights and responsibilities

WASHINGTON, DC - April 4, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the March edition of the Obama Administration's Housing Scorecard. Officials caution that the latest housing figures underscore fragility in the housing market and the need to continue efforts to help American families stay in their homes. The housing scorecard is a comprehensive report on the nation’s housing market

WASHINGTON, DC - April 1, 2011 - (RealEstateRama) -- U.S. Housing and Urban Development Assistant Secretary Sandra B. Henriquez announced today that two public housing agencies– Boulder Housing Partners in Colorado and Lexington-Fayette Urban County in Kentucky – have been selected to participate in HUD’s Moving To Work Program (MTW).

WASHINGTON, DC - March 31, 2011 - (RealEstateRama) -- Six federal agencies are seeking comment on a proposed rule that would require sponsors of asset-backed securities (ABS) to retain at least 5 percent of the credit risk of the assets underlying the securities and would not permit sponsors to transfer or hedge that credit risk. In crafting the proposed rule, the agencies sought to ensure that the amount of credit risk retained is meaningful, while reducing the potential for the rule to negatively affect the availability and cost of credit to consumers and businesses

WASHINGTON, DC - March 30, 2011 - (RealEstateRama) -- How will the United States work to solve homelessness? The latest issue of Cityscape, a quarterly magazine published by the U.S. Department of Housing and Urban Development, examines homelessness and the organizations that are working to assist America’s homeless population

WASHINGTON, DC - March 29, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) announced today that, effectively immediately, it is taking control of the Housing Authority of the City of Lafayette (HACL), citing num...

WASHINGTON, D.C. - March 29, 2011 - (RealEstateRama) -- The staffs of the Office of the Comptroller of the Currency, the Federal Reserve, the Federal Deposit Insurance Corporation, the U.S. Securities and Exchange Commission, the Federal Housing Finance Agency, and the Department of Housing and Urban Development (together, the agencies) announced that the agencies this week are considering for approval a notice of proposed rulemaking that addresses section 941 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.