Items Tagged with 'Ben Carson'

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  • HUD Secretary Ben Carson apparently doesn't know what an REO is

    Under questioning from Rep. Katie Porter, Carson confuses REO with Oreo
    HUD Secretary Ben Carson had a bit of a rough day on Tuesday. Carson appeared on Capitol Hill to testify before the House Financial Services Committee, and during questioning from the committee member with the most housing knowledge, turned himself into a punchline by confusing a common housing industry term with a cookie. Yes, you read that right.
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  • Government watchdog: Ben Carson's office décor spending spree violated law

    Finds Carson in the wrong for far exceeding spending limit without notifying Congress
    When Ben Carson assumed his role as HUD secretary, he and his wife Candy set out to bring the office up to standards, shelling out some serious cash – including $31,000 for a dining set – to make that happen. Carson shrugged off the expense as standard for any incoming secretary, but the Government Accountability Office says not so much.
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  • Ben Carson's senior advisor leaves HUD for FHFA

    Adolfo Marzol to work under Calabria as principal deputy director
    Adolfo Marzol, senior advisor to the Department of Housing and Urban and Development Secretary Ben Carson, has left the agency for a new gig in housing finance. The Federal Housing Finance Agency announced Tuesday that Marzol has already assumed the role of principal deputy director, reporting to the agency's new director, Mark Calabria, who was sworn in Monday.
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  • Opportunity Zones have investors excited. So why aren't more buying in?

    As the Treasury works on a second round of guidelines to ease investor concerns, HUD asks interested parties to weigh in
    When it comes to Opportunity Zones, investors are excited about the potential for tremendous tax savings, but many are not buying in just yet. What's the problem? Lingering questions about how, exactly, Opportunity Zones work. While HUD estimates the program could spur as much as $100 billion a year in investments, evidence suggests this potential is far from being realized. As interested parties await clarification from the Treasury, HUD is seeking public input as to how it can leverage its authority to encourage uptake and maximize the impact for distressed communities.
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  • Ben Carson bashes "imaginary belief" that HUD aims to dismantle fair housing protections

    Responds to WaPo editorial calling HUD's Facebook charges "curious"
    Ben Carson said his critics have it all wrong – he is not trying to unravel the fair housing rules put into play by the Obama administration, he is trying to uphold them. This is the gist of a heated response that the HUD secretary wrote to an op-ed penned recently by The Washington Post's editorial board, which suggested HUD's recent action against Facebook is fueled by an ulterior motive.
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  • HUD proposes rule to improve assistance for low-income individuals

    Calls current regulation outdated, ineffective
    The Department of Housing and Urban Development issued a proposed rule Wednesday to improve its Section 3 program, which requires funding recipients to employ low-income people and business. HUD Secretary Ben Carson said the rule is designed to help households that receive HUD assistance secure long-term employment and achieve self-sufficiency.
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  • From HW Magazine

    Weathering the storm

    How HUD advocates for underserved communities
    HUD’s objectives are sometimes distributed by factors ranging from politics, socio-economic disparities and even natural disasters. When American homeowners fall victim to any of these elements, HUD is not only there to offer a helping hand, but often serves as the tool that leads to recovery.
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  • Trump asks HUD to address financial viability of reverse mortgage program

    Housing finance reform to include assessment of HECMs
    President Donald Trump this week put into motion federal action on the "overdue reform of the housing finance system." Among the president's to-do list for the HUD secretary: address the financial viability of the reverse mortgage program, and report back to him promptly with a detailed plan for reform.
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