Items Tagged with 'HUD'

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HUD Secretary Carson visits Columbus, Ohio

Marks fourth stop on national listening tour
HUD Secretary Ben Carson is embarking on the latest stop for his national listening tour – Columbus, Ohio. Carson will spend Wednesday, Thursday and Friday listening to various organizations from the community. Here’s more on the secretary’s tour, and his schedule this week.
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California lenders reach settlement with HUD over unfair lending charge

American Financial Network to pay Hispanic man $5,000
A Hispanic man filed a fair housing complaint against several California lenders. Now, these lenders have agreed to pay the man as well as install new fair lending training programs for their staff. HUD explained that today’s action "reflects our nation’s promise of fair housing and equal access to credit for every qualified individual, regardless of their national origin."
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Ex-NJ mayor sent to prison for kickbacks involving HUD funds

Low-income housing developers provided money to Passaic mayor Alex Blanco
The former mayor of Passaic, New Jersey will spend the next two years in prison after being convicted of soliciting and accepting bribes from developers who wanted to build low-income housing in the city. According to the U.S. Attorney’s Office for the District of New Jersey, Alex Blanco accepted $110,000 in corrupt payments, much of which was money from the Department of Housing and Urban Development.
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HUD Secretary Ben Carson takes listening tour to public housing in Jacksonville

Visits public housing facility with living conditions once described as "deplorable"
Department of Housing and Urban Development Secretary Ben Carson is making the next stop in his listening tour on Tuesday, visiting a public housing facility in Jacksonville, Florida that was recently the target of the state’s senators. Carson will visit Eureka Gardens, which is one of several federally subsidized housing developments in Florida that subject residents to “deplorable” living conditions, according to Sens. Bill Nelson, D-Fla., and Marco Rubio, R-Fla.
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Housing advocate groups create website to track Ben Carson

Follows every move of new HUD secretary
Unhappy with the selection of Ben Carson as secretary of the Department of Housing and Urban Development, a group of housing advocates decided to do something about it. Wondering what Carson did last week? The group created a website online to track his moves in person and online.
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Ben Carson: Housing will be part of Trump infrastructure bill

Washington Post reports on HUD’s secretary’s comments at NLIHC conference
Now that he’s back in Washington, HUD Secretary Ben Carson's focus is turning back to the looming cuts to HUD’s budget. The proposed $6.2 billion cut to HUD’s budget has many concerned about the number of housing programs that may be negatively affected or cut entirely, but Carson said Monday that those concerned with the proposed cuts aren’t seeing the big picture.
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From HW Magazine

Cutting housing off at the knees

Cuts to HUD budget are short-sighted at best
Programs that create homeowners just by helping with down-payment amounts are the lowest-hanging fruit in our industry. These are people with jobs and qualifying income who just need a one-time lift from the government. But that one-time lift is not just beneficial to the new homeowners — the overall housing economy benefits as well, since homeownership begets more homeownership. 
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Monday Morning Cup of Coffee: Cordray to face Financial Services Committee hearing

HUD celebrates fair housing month
CFPB Director Richard Cordray will face the House Financial Services Committee Wednesday morning as the committee reviews the bureau’s biannual report. This hearing, however, could have a few more curveballs than normal considering the uncertainty surrounding the regulator’s future. Plus, check out one surprising factor pushing home prices higher.
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