HUD

NEW YORK, NY - March 15, 2013 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) today released several model programs designed to help communities get Community Development Block Grant Disaster Recovery (CDBG-DR) funds more expeditiously to residents struggling to rebuild, repair or restore their homes. These program designs can be adapted to a locality's unique needs and readily implemented so each community does not have to develop entire new programs on their own

WASHINGTON, DC - March 15, 2013 - (RealEstateRama) -- Approximately 20 percent of American households live in multi-family rental buildings, yet until today little was known about how these larger rental properties are financed. The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau today released the new 2012 Rental Housing Finance Survey, which provides a more complete picture of the nation’s multi-family rental properties, including data on property values, how their mortgages are financed, and characteristics of the structures.

MIAMI, FL - March 15, 2013 - (RealEstateRama) -- U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today awarded $73,897,748to renew support for 332 local homeless housing and service programs in Florida. Provided through HUD’s Contin...

WASHINGTON, D.C. - March 13, 2013 - (RealEstateRama) -- U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today renewed support for 7,000 local homeless housing and service programs across the U.S. Provided through HUD’s Continuum of Care Program, the funding announced today will ensure these local projects remain operating in the coming year. This year, HUD challenged local communities to reexamine their response to homelessness and give greater weight to proven strategies, from providing ‘rapid re-housing’ for homeless families to permanent supportive housing for those experiencing chronic homelessness (see attached chart).

WASHINGTON, DC - March 11, 2013 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the February edition of the Obama Administration's Housing Scorecard – a comprehensive report on the nation’s housing market. Data continue to show important progress across many key indicators—as home prices ended the year with strong gains and purchases of new homes and sales of existing homes were also strong—although officials caution that the overall recovery remains fragile. The full Housing Scorecard is available online at www.hud.gov/scorecard.

WASHINGTON, DC - March 5, 2013 - (RealEstateRama) -- U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan and Melanie Schultz van Haegen, the Kingdom of the Netherlands’ Minister of Infrastructure and the Environment, today signed an agreement pledging closer cooperation between their two countries on issues related to disaster mitigation, sustainable and integrated planning and water management infrastructure.

WASHINGTON, DC - February 28, 2013 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) today unveiled the first housing discrimination mobile application (app) for iPhone and iPad. Developed by HUD’s Office of Fair Housing and Equal Opportunity (FHEO) and Hewlett Packard (HP), the app uses the latest technology to provide the public with a quick and easy way to learn about their housing rights and to file housing discrimination complaints, and inform the housing industry about its responsibilities under the Fair Housing Act.

WASHINGTON, DC - February 22, 2013 - (RealEstateRama) -- The nation’s largest mortgage servicers have distributed $45.83 billion in direct relief to over 550,000 homeowners, or roughly $82,000 per homeowner as part of the National Mortgage Settlement, according to a progress report released today by independent settlement monitor Joseph A. Smith of the Office of Mortgage Settlement Oversight. Almost one year ago, the Department of Justice, Department of Housing Urban Development (HUD) and 49 state attorneys general reached a landmark agreement with the nation's five largest mortgage servicers to address mortgage loan servicing and foreclosure abuses.

WASHINGTON, DC - February 22, 2013 - (RealEstateRama) -- The number of lower income households struggling to pay their monthly rent and who may also be living in substandard housing continued to grow between 2009 and 2011 according to a new report released today by the U.S. Department of Housing and Urban Development (HUD). In 2011, HUD reports nearly 8.5 million lower income families paid more than half their monthly income for rent, lived in severely substandard housing, or both

WASHINGTON, DC - February 21, 2013 - (RealEstateRama) -- The nation’s largest mortgage servicers have distributed $45.83 billion in direct relief to over 550,000 homeowners, or roughly $82,000 per homeowner as part of the National Mortgage Settlement...

WASHINGTON, DC - February 13, 2013 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) an-nounced today that a homeowners association and property managers for an Edina, MN, condominium will pay more than $40,000 under a Co...

WASHINGTON, DC - February 13, 2013 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan, who also chairs President Obama’s Hurricane Sandy Rebuilding Task Force, today announced that the Federal Housing Administration (FHA) will speed the approval of applications of multifamily apartment owners in New York and New Jersey seeking to refinance their mortgages, substantially rehabilitate their properties or construct new developments in areas impacted by Hurricane Sandy.

WASHINGTON, DC - February 12, 2013 - (RealEstateRama) -- To prevent thousands of people with disabilities from experiencing homelessness or unnecessary institutionalization, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Health and Human Services (HHS) today announced nearly $98 million in funding for 13 state housing agencies for rental assistance to extremely low-income persons with disabilities, many of whom are transitioning out of institutional settings or are at high risk of homelessness.

WASHINGTON, DC - February 11, 2013 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the January edition of the Obama Administration's Housing Scorecard – a comprehensive report on the nation’s housing market. Data continue to show signs that the housing market is strengthening, with the number of underwater borrowers continuing to decline as home prices continue to improve, although officials cautionthat there is regional variation and the overall economic recovery remains fragile. The full Housing Scorecard is available online at www.hud.gov/scorecard.

WASHINGTON, DC - February 11, 2013 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) announced today that it is issuing a final rule to formalize the national standard for determining whether a housing practice violates the Fair Housing Act as the result of discriminatory effect.

WASHINGTON, DC - February 6, 2013 - (RealEstateRama) -- The Department of Housing and Urban Development today allocated over $8 million in Community Development Block Grant (CDBG) Disaster Recovery funding to Maryland, representing the first round of C...

WASHINGTON, DC - February 6, 2013 - (RealEstateRama) -- The Department of Housing and Urban Development today allocated $5.4 billion in Community Development Block Grant (CDBG) Disaster Recovery funding to five states and New York City, representing the first round of CDBG grants from the Disaster Relief Appropriations Act of 2013 signed into law by President Obama on January 29. This is the fastest HUD has ever allocated CDBG funding to grantees following the passage of a funding bill

WASHINGTON - February 4, 2013 - (RealEstateRama) -- Several federal agencies today unveiled Advancing Healthy Housing – A Strategy for Action. White House Council on Environmental Quality (CEQ) Chair Nancy Sutley, Environmental Protection Agency (EPA) Administrator Lisa P. Jackson, Secretary of Housing and Urban Development (HUD) Shaun Donovan, Surgeon General Regina Benjamin, M.D., and Deputy Secretary of Energy Daniel Poneman discussed the new plan during an event at the National Building Museum this morning.

WASHINGTON, DC - February 1, 2013 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the Commonwealth of Pennsylvania in addition to resources being provided by...

WASHINGTON, DC - February 1, 2013 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan, who serves as President Obama’s Chairman of the Hurricane Sandy Rebuilding Task Force, and Federal Housing Finance Agency Acting Director Edward J. DeMarco today announced that the Federal Housing Administration (FHA), Fannie Mae, and Freddie Mac will extend expiring protections against foreclosure actions against homeowners whose properties were damaged or destroyed due to Hurricane Sandy.