Articles Tagged with ''U.S. Department of Housing and Urban Development''

Housing industry clashes over support of new spending bill

Funds government through September, but what does it do for housing?
Congress passed a $1.3 trillion budget Friday, avoiding what would have been a third government shutdown in 2018, but now, the housing industry disagrees over the contents of the bill. While home builders said the bill was not enough, Realtors were pushing Congress to move forward with its passage.
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New home sales continue to slip in 2018

But increased slightly from last year
After plummeting in January, new home sales fell slightly lower in February, however, they still remained slightly above last year’s pace. Many experts explained that while new home sales are off to a slow start, they are still expected to pick up later in the year, driving growth in the housing market in 2018.
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HUD: We need more funding from Congress for much-needed bureau updates

Technology dates back to 70s
The U.S. Department of Housing and Urban Development announced it needs serious updates to the agency, and it’s going to need more funding to get there. “We simply need to do better,” HUD Secretary Ben Carson said in a statement. Here’s what you need to know about HUD’s new plan, and what it will take to implement.
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House Democrats submit amendments for HUD budget

6 pass committee markup, but 14 struck down
House Democrats are fighting against the proposed budget set forth in finance committee with 14 proposed amendments to various areas of housing and other funding. Of the Democrats' 14 proposed markups to the bill, six of the amendments were adopted by the committee.
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Monday Morning Cup of Coffee: HUD morale said to hit all-time low

And paying mortgage is at its lowest point since 2009
A new report revealed morale at HUD just hit an all-time low under HUD Secretary Ben Carson. But HUD isn't the only place facing challenges. Black Knight released today its latest Mortgage Monitor which showed increasing mortgage rates and home prices pushed affordability to its lowest point since 2009.
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Trump’s proposed 2019 budget gives HUD’s funding a boost

Seeks a record $2.4 billion to support homelessness
President Donald Trump announced today his proposal for the fiscal year 2019 budget, which would allot for a slight bump in funding for the U.S. Department of Housing and Urban Development. Under the new proposal, the administration focuses on several key initiatives, including ending homelessness.
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HUD awards $1.5 billion to Puerto Rico hurricane relief

Pamela Patenaude announces grants in third visit to island
The U.S. Department of Housing and Urban Development announced it will award $1.5 billion in grants to help Puerto Rico recover from hurricanes Irma and Maria. The announcement was made by HUD Deputy Secretary Pamela Hughes Patenaude alongside Governor Ricardo Rosselló during her third visit to the island since the hurricanes occurred.
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HUD Secretary Carson honors Martin Luther King Jr. in Atlanta

"The time is always right to do what is right"
Today, the U.S. Department of Housing and Urban Development, along with the rest of America, honors the life and legacy of Martin Luther King Jr. HUD Secretary Ben Carson announced he would be celebrating the day in Atlanta, where he would also discuss with the city how it can work together with HUD.
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HUD awards $2 billion to homeless assistance programs

HUD Secretary Carson commits to end homelessness
The U.S. Department of Housing and Urban Development announced Thursday it awarded a record $2 billion to homeless assistance programs across the nation. HUD Secretary Ben Carson said, in part, “We know how to end homelessness and it starts with embracing a housing-first approach that relies upon proven strategies.”
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