Items Tagged with 'HUD'

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Spotlight on what new HUD budget will do to LA's homeless housing efforts

Future of section 8 housing in LA
The city of Los Angeles just started to get the ball rolling on its efforts to solve its homelessness crisis. However, due to President Donald Trump’s new budget proposal that would severely cut costs for the Department of Housing and Urban Development, the city’s homeless efforts might not go according to the original plan.
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Ben Carson promises to take care of housing’s most vulnerable

Expected budget cuts may be coming to HUD
After President Donald Trump announced his budget proposal which would slash funding for the U.S. Department of Housing and Urban Development by $6.2 billion, HUD Secretary Ben Carson voiced his support of the action. However, Carson promised in an interview with Fox News this new funding cut would not hinder the department’s purpose, and that the most vulnerable will be taken care of.
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New Louisiana program to help 2016 flood victims find a home

Louisiana Housing Heroes dedicates rental housing to families in need
Louisiana Housing Heroes, a new initiative from the state’s governor, the U.S. Department of Housing and Urban Development and Louisiana Housing Corp., seeks to help victims of 2016’s floods find affordable rental housing. The state’s governor asks all owners and managers of rental housing to help citizens who were displaced.
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Former HUD senior advisor Richard Green: Here are the issues with Trump's budget

Ginnie Mae staffing levels and FHA infrastructure will both suffer

Late last week, Julián Castro, who served as secretary of the Department of Housing and Urban Development from 2014 to 2017 under former President Barack Obama, told HousingWire that he has several issues with President Donald Trump’s budget proposal, which calls for a $6.2 billion cut to HUD’s budget. But Castro isn’t the only former HUD official to express concerns with Trump’s budget.


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Monday Morning Cup of Coffee: Trump tapping familiar face to lead DOJ's civil division?

What will become of False Claims Act charges under new leader?
It looks like President Donald Trump is about to install a familiar face as the leader of the Department of Justice’s civil division. If that happens, what happens to the DOJ's recently preferred tactic of using the False Claims Act to extract settlements from lenders for supposedly misrepresenting the quality of loans to the Federal Housing Administration? The answer, and more, in your Monday Morning Cup of Coffee.
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Here's what Ben Carson thinks about the proposed $6.2 billion HUD budget cut

HUD Secretary issues brief statement about budget proposal
In a move first hinted at over a week ago, President Donald Trump released his budget proposal on Thursday, complete with a proposed $6.2 billion cut to the funding for the Department of Housing and Urban Development. So, what does HUD Secretary Ben Carson think of the cuts to HUD’s budget? For one, he’s in favor of them.
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Urban Institute: HUD watchdog is wrong on borrower-financed down payment programs

Says HUD-OIG misunderstands, overstates issue
A recent report from HUD's watchdog said that HUD does not have sufficient oversight of borrower-financed down payment assistance programs for FHA-insured loans, which puts borrowers and the FHA’s flagship insurance fund at “unnecessary risk.” Analysts from the Urban Institute reviewed the report as well, and came to a different conclusion: HUD’s watchdog is wrong to call out the down payment assistance programs.
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HUD sanctions Illinois' Alpine Bank & Trust over fair lending violations

Accused of discriminatory lending against minorities

The Department of Housing and Urban Development announced Friday that Alpine Bank & Trust is being sanctioned over fair lending violations. The charges stemmed from a complaint filed by the HOPE Fair Housing Center of Wheaton, Illinois, which filed a complaint with HUD claiming that the lender’s business service areas excluded majority African-American and Hispanic neighborhoods.


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Ben Carson calms fears of $6B HUD budget cut

“Starting numbers are rarely final numbers”
President Donald Trump is considering cutting $6 billion in HUD funding for his budget in order to boost military spending. However, HUD Secretary Ben Carson sent an email out to his staff in an attempt to calm any rising concerns.
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