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


  • Construction spending barely inches forward

    August is 6.5% above August 2017
    The U.S. Census Bureau of the Department of Commerce announced that construction spending during August 2018 was estimated at a seasonally adjusted annual rate of $1.319 trillion, only 0.1% above the revised July estimate of $1.317 trillion.
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  • 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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