News

CHICAGO, IL - June 11, 2012 - (RealEstateRama) -- Thousands of borrowers severely delinquent on loans insured by the Federal Housing Administration (FHA) will have help from a new servicer to explore affordable mortgage solutions or achieve a favorable resolution under an enhanced government note sale program announced today. In a press conference held at the 2012 Clinton Global Initiative America Meeting, U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan and Acting FHA Commissioner Carol Galante launched the Distressed Asset Stabilization Program, an expansion of an FHA pilot program that allows private investors to purchase pools of mortgages headed for foreclosure and charges them with helping to bring the loan out of default.

WASHINGTON, DC - June 7, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the Mayedition of the Obama Administration's Housing Scorecard – a comprehensive report on the nation’s housing market.

WASHINGTON, DC - June 6, 2012 - (RealEstateRama) -- The Department of Veterans Affairs (VA) today joined JBJ Soul Foundation Chairman, Jon Bon Jovi, to announce the five finalists of Project REACH (Real-time Electronic Access for Caregivers and the Homeless) during the Health Data Initiative Forum in Washington, D.C., sponsored by the Department of Health and Human Services’ (HHS).

WASHINGTON, DC - May 31, 2012 - (RealEstateRama) -- Today U.S. federal agencies unveiled the Coordinated Federal Action Plan to Reduce Racial and Ethnic Asthma Disparities. White House Council on Environmental Quality (CEQ) Chair Nancy Sutley, Environmental Protection Agency (EPA) Administrator Lisa P. Jackson, Secretary of Health and Human Services (HHS) Kathleen Sebelius and Secretary of Housing and Urban Development (HUD) Shaun Donovan discussed the new plan during an event at Town Hall Education Arts Recreation Campus (THEARC), which houses The Boys and Girls Club of Greater Washington along with other community groups.

CHICAGO, IL - May 28, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today awarded nearly $3.1 million to12 fair housing organizations to assist people in Ohio who believe they have been victims of housing discrimination

PHILADELPHIA - May 28, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today awarded $2 million to fair housing organizations to assist people in Pennsylvania who believe they have been victims of housing discrimination.

WASHINGTON, DC - May 28, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today awarded $900,000 to Spirit Lake Housing Corporation in North Dakota to improve housing conditions, promote community development and to spur ...

WASHINGTON, DC - May 24, 2012 - (RealEstateRama) -- Kaleida Health today held the grand opening of its new Gates Vascular Institute in Buffalo, New York. The new facility's construction was financed by $100.3 million mortgage made possible through the Federal Housing Administration's (FHA) Section 241 Supplemental Mortgage Insurance Program.

WASHINGTON, DC - May 21, 2012 - (RealEstateRama) -- Three affordable housing developments are the recipients of the coveted HUD Secretary’s Housing and Community Design Award, each recognized for excellence in residential housing design. The U.S. Department of Housing and Urban Development (HUD) and the American Institute of Architects (AIA) selected Richardson Apartments in San Francisco, California; Bud Clark Commons in Portland, Oregon and Boston Public Library, Mattapan Branch in Boston, Massachusetts for a new generation of affordable housing.

WASHINGTON, DC - May 17, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) today released two reports on the impact of HUD-approved housing counseling has for those families who purchase their first homes and those struggling to prevent foreclosure. In both studies, HUD found housing counseling significantly improved the likelihood homeowners remained in their homes.

WASHINGTON, DC - May 16, 2012 - (RealEstateRama) -- Today, the U.S. Department of Housing and Urban Development makes $85 million available to state housing agencies to provide affordable supportive housing for extremely low-income persons with disabilities.

WASHINGTON, DC - May 15, 2012 - (RealEstateRama) -- In a budget climate where state and local governments are challenged to do more with less, the U.S. Department of Housing and Urban Development (HUD) today awarded $70 million in grants to help communities and non-profit organizations, improve their use of federal funds to revitalize neighborhoods, help the homeless and produce more affordable housing.

WASHINGTON, D.C. - May 14, 2012 - (RealEstateRama) -- Preet Bharara, the United States Attorney for the Southern District of New York, Stuart F. Delery, the Acting Assistant Attorney General for the Civil Division of the U.S. Department of Justice, Helen Kanovsky, General Counsel of the U.S. Department of Housing and Urban Development (“HUD”), and David A. Montoya, Inspector General of HUD, announced today that the United States has settled a civil fraud lawsuit against DEUTSCHE BANK AG, DB STRUCTURED PRODUCTS, INC., DEUTSCHE BANK SECURITIES, INC. (collectively “DEUTSCHE BANK” or the “DEUTSCHE BANK defendants”) and MORTGAGEIT, INC. (“MORTGAGEIT”)

WASHINGTON, DC - May 14, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) announced today that it has reached a $22,500 settlement agreement with the owner and managers of at Cheyenne Villa Apartments, a 56-unit, HUD-assisted townhome complex in Sydney, Nebraska. The settlement resolves a complaint filed by a resident who uses a wheelchair and walker, who alleged that management the development failed to accommodate her request to transfer to the first available ground-floor unit. The resident also claimed that management denied requests for a parking space and a ramp to ease her access to her unit

WASHINGTON, DC - May 11, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today awarded nearly $41.18 million to 99 fair housing organizations and other non-profit agencies in 35 states and the District of Columbia to assist people who believe they have been victims of housing discrimination (see attached list of grantees)

WASHINGTON, DC - May 8, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today awarded $2.58 million in grants to four projects intended to protect children and families from health hazards in their homes.

WASHINGTON, DC - May 8, 2012 - (RealEstateRama) -- It used to be that the U.S. Department of Housing and Urban Development would require more than 1,200 cities, counties and states to undergo a paper-based, time-intensive and costly planning process as a condition of receiving billions of dollars in federal funding. No more.

NEW ORLEANS - May 7, 2012 - (RealEstateRama) -- In the wake of Hurricane Katrina in 2005, the B.W. Cooper Public Housing Development in New Orleans became uninhabitable. On that very site today, U.S. Housing and Urban Development Secretary Shaun Donovan joined New Orleans Mayor Mitch Landrieu, Senator Mary Landrieu, Congressman Cedric Richmond and Housing Authority of New Orleans (HANO) Administrative Receiver David Gilmore to cut the ribbon in front of one of the 50 new homes that are part of the first phase of construction for the Marrero Commons mixed-income community.

WASHINGTON, DC - May 7, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the April edition of the Obama Administration’s Housing Scorecard – a comprehensive report on the nation’s housing market.

WASHINGTON, DC - May 4, 2012 - (RealEstateRama) -- Today, the U.S. Department of Housing and Urban Development (HUD), the U.S. Department of the Treasury, and the U.S. Department of Agriculture (USDA) hosted a White House Forum on Housing to discuss pr...