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


  • 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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  • NYC ordered to resolve “unacceptable, illegal” public housing conditions

    To pay $1.2 billion to correct health issues
    A new federal complaint alleges the affordable housing conditions in New York City are not decent, safe, sanitary or even legal. But that is about to change. A new consent order will require the city to pay at least $1.2 billion or more until its “unacceptable, illegal” living conditions are resolved.
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  • Monday Morning Cup of Coffee: Ben Carson backtracks on plan to raise rents for poor

    Plus what to expect in world economy’s most important week
    HUD released a plan in April that HUD Secretary Ben Carson says will push millions of low-income households toward self-sufficiency. Now, he could be pulling back from that proposed plan. Also, here’s everything you need to know about the most important week of the year for the world economy.
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  • HUD approves agreement for disability discrimination claim

    Nevada real estate companies announce conciliation agreement
    HUD announced it approved a new agreement between two Nevada real estate companies to resolve claims of disability discrimination. The claim was filed by a Nevada resident after a request for her service animal was denied, and now both companies will undergo fair housing training.
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