Items Tagged with 'HUD'

ARTICLES

  • Fair housing groups go head-to-head with Trump’s budget proposal

    Urges Congress to reject proposal
    "Housing benefits are under attack," or so says the National Low Income Housing Coalition as it calls on Congress to reject President Donald Trump’s 2019 budget proposal. The NLIHC says the budget slashes federal housing benefits that help millions of low-income seniors, people with disabilities, families with children, low-wage workers, veterans and other vulnerable people afford their homes.
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  • Trump’s proposed 2019 budget gives HUD’s funding a boost

    Seeks a record $2.4 billion to support homelessness
    President Donald Trump announced today his proposal for the fiscal year 2019 budget, which would allot for a slight bump in funding for the U.S. Department of Housing and Urban Development. Under the new proposal, the administration focuses on several key initiatives, including ending homelessness.
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  • HUD awards $1.5 billion to Puerto Rico hurricane relief

    Pamela Patenaude announces grants in third visit to island
    The U.S. Department of Housing and Urban Development announced it will award $1.5 billion in grants to help Puerto Rico recover from hurricanes Irma and Maria. The announcement was made by HUD Deputy Secretary Pamela Hughes Patenaude alongside Governor Ricardo Rosselló during her third visit to the island since the hurricanes occurred.
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  • CEO of banned lender Seckel Capital charged with lying to HUD

    John Seckel accused of making false statements to HUD about company’s finances
    Back in July, HUD banned mortgage lender Seckel Capital from originating or underwriting FHA-backed mortgages after an investigation found that company repeatedly lied to the FHA about its financials. As part of the action, HUD also suspended the company’s owner and CEO, John Seckel, from doing business with the federal government. As it turns out, the government isn’t done with Seckel yet.
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  • HUD to consider eliminating manufactured housing regulations

    Launches comprehensive review of manufactured housing rules
    The Trump administration’s deregulatory efforts have officially come to the Department of Housing and Urban Development. HUD announced on Thursday that it is launching a “wholesale review” of its manufactured housing rules as part of a “broader effort to identify regulations that may be ineffective, overly burdensome, or excessively costly given the critical need for affordable housing.”
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  • New home sales finish 2017 at highest level in a decade

    More new homes sold last year than in any year since 2007
    Earlier this week, a report from the National Association of Realtors showed that 2017 was the best year for existing home sales since 2006. As it turns out, existing homes weren’t the only ones selling at a record level last year.
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  • Monday Morning Cup of Coffee: What a government shutdown means for housing

    Impact on FHA, VA, Fannie, Freddie, CFPB
    Well, in case you didn’t hear it over the weekend (and if you didn’t, good for you for being able to fully unplug), the government shut down at 12:01 a.m. Eastern on Saturday after Republicans and Democrats were unable to come to an agreement to keep the government funded and functioning. Here's what it means for housing.
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