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

California's homeless population jumps 13.7% in one year

California lawmakers introduce proposals to tackle affordable housing crisis
More American homeowners are struggling to afford their homes, contributing to a growing divide between America’s haves and the have-nots. This lack of affordability has given rise to California's homeless population, which has jumped almost 14% in one year.
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HUD doubles down against discrimination practices

Brings charges in Massachusetts, California, South Dakota
The U.S. Dept. of Housing and Urban Development is doubling down on the charges it is bringing against housing companies for discrimination. This week, it brought charges against or settled with housing companies in Massachusetts, California and South Dakota.
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HECM professionals to gather in Texas for Reverse Mortgage Day

Annual conference will focus on origination strategies
As the reverse mortgage industry navigates a market in distress, HECM professionals will gather at the 19th annual Reverse Mortgage Day. Set in Austin next month, this year’s event will address issues affecting the industry and explore ways originators can succeed in this challenging climate.
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HUD approves Puerto Rico's $1.5B recovery plan

Plans to publish guidance rules shortly
U.S. Department of Housing and Urban Development Secretary Ben Carson recently announced HUD has approved a $1.5 billion disaster recovery plan aimed at helping Puerto Rican citizens recover from hurricanes Irma and Maria. Puerto Rico’s plan focuses primarily on the restoration of damaged and destroyed homes, businesses and infrastructure.
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HUD receives scathing audit for oversight in soon-to-be ghost town

Agency aware of negative conditions since 2010
A new, scathing report from the Office of Inspector General puts HUD in the hot seat for its lack of action taken on the soon-to-be ghost town of Cairo, Illinois. The report explained the city’s deplorable conditions did not occur overnight. In fact, HUD had been aware of negative conditions since at least 2010.
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HUD grants $43 million in effort to end youth homelessness

Awards money to 11 local communities
In an effort to end youth homelessness, HUD announced it is awarding $43 million to 11 local communities. These communities include five rural areas, and the funds will be dispersed through HUD’s Youth Homelessness Demonstration Program. Here’s where the funds will be awarded, and what each community will do with its share.
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Puerto Rican mayor arrested for misuse of HUD funds

Mayor and 2 others accused of defrauding government of $8 million
A Puerto Rican mayor and two former government officials are accused of misusing funds from HUD and other government agencies. The three officials were recently arrested on corruption charges that involved $8 million in federal and local funds.
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