Items Tagged with 'Department of Housing and Urban Development'

ARTICLES

  • Public housing is now smoke-free nationwide

    HUD prohibits smoking in or near public housing areas
    In 2016 the U.S. Department of Housing and Urban Development announced plans to ban smoking in all subsidized housing. Today that plan has been actualized, according to an article by Caitlin O'Kane for CBS News. Notably, public housing tenants must be informed of the smoking ban in their leases, and violators cannot be evicted for only one instance of smoking.
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  • Decreasing home sales signal homebuilder pessimism

    New home sales decrease 5.3% in June
    New home sales decreased in June but slightly increased from last year, according to the new report from the Census Bureau and the Department of Housing and Urban Development. Zillow Senior Economist Aaron Terrazas questions if sputtering permits in the first half of 2018 could possibly reflect growing homebuilder pessimism.
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  • FHA commissioner: We’re easing False Claims Act use to bring big banks back to FHA lending

    FHA wants the big banks to come back
    In recent years, many of the nation’s largest lenders moved away from FHA lending, scared off by the government’s use of the False Claims Act as a means to extract massive settlements from lenders. But it appears that’s all about to change, as FHA Commissioner Brian Montgomery said Tuesday that he believes the Obama administration went too far in some cases and said that the Trump administration is dialing back the use of the False Claims Act to bring more lenders back into FHA lending.
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  • FHA commissioner: Mortgage insurance premium cut not likely in 2018

    Brian Montgomery says premium cut probably not happening this year
    The Federal Housing Administration broke a few hearts last year when it announced back in November that there would not be any cuts to its mortgage insurance premiums after its flagship insurance fund turned in a weaker-than-expected performance in fiscal year 2017. Those holding out hope for a cut to the FHA’s MI premiums this year should not be holding their breath, the FHA’s newly minted commissioner said Tuesday.
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  • San Francisco’s definition of low income is shocking

    HUD says households earning upward of 6 figures qualify for low-income housing
    You’re pulling in more than $100,000 a year to support your family of four, and you think you’re doing pretty well, right? Wrong. Not in San Francisco, you’re not. According to the latest report from the HUD, four-person households in the Bay Area that make less than $117,400 can qualify for certain low-income housing programs. That’s the highest in the nation.
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  • HUD approves $5 billion grant for Texas disaster recovery plan

    Funded through HUD Community Development Block Grant
    The U.S. Department of Housing and Urban Development announced today that Secretary Ben Carson approved a disaster recovery plan to help Texans recover from Hurricane Harvey. The Texas plan required grantees to develop a recovery program informed by local residents and is funded through HUD's Community Development Block Grant—Disaster Recovery Program.
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  • New home sales increase 6.7% in May

    This is 14.1% above last year's estimates
    New home sales significantly increased in May, revising last month's rate, according to the new report from the U.S. Census Bureau and the Department of Housing and Urban Development. One expert attributes the increase to a resilient housing market.
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  • Coalition of states, cities join fight to force HUD to enforce Obama fair housing rule

    Maryland, California, Massachusetts, Oakland, Seattle, others want AFFH rule back
    The fair housing advocates that are suing the Department of Housing and Urban Development and HUD Secretary Ben Carson over the Trump administration moving to delay a controversial Obama-era fair housing rule already have support from the state of New York, and they now have a whole new group of allies in their corner.
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  • HUD kills key tool used to enforce Obama fair housing rule

    HUD withdraws “Local Government Assessment Tool”
    The Trump administration just took another significant step toward derailing a controversial fair housing rule issued by the Obama administration in 2015. HUD announced late Friday afternoon that it is “withdrawing” a computer tool that was to be used to enforce the Obama administration’s Affirmatively Furthering Fair Housing rule.
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