HUD

HUD News: Hud approves plan to support to support southern Georgia counties in their recovery from 2017 disasters

$38 million in federal recovery funds to rebuild damaged homes, businesses and infrastructure WASHINGTON (STL.News) – The U.S. Department of Housing and Urban Development (HUD) today announced its approval of the State of Georgia’s disaster action plan, which will invest $38 million to support the state in its recovery from the effects of deadly tornados … Continue reading HUD News: Hud approves plan to support to support southern Georgia counties in their recovery from 2017 disasters

Churchill Stateside Group Closes $12.89 Million HUD 221(d)4 Insured Loan

  CLEARWATER, FLA./ JANUARY 09, 2019 (STL.News) Churchill Stateside Group, LLC (CSG), a real estate and renewable energy financial services company, is pleased to announce the closing of Springwood at Allen, a 92-unit new construction market rate community, located in Allen, TX. CSG through its subsidiary Churchill Mortgage Investment LLC (CMI), provided a $12,894,500 insured … Continue reading Churchill Stateside Group Closes $12.89 Million HUD 221(d)4 Insured Loan

Conference Attendees to Discuss RAD, LIHTC Solutions to National Affordable Housing Shortage

  MIAMI BEACH, FLA./ JANUARY 02, 2019 (STL.News) A National Low Income Housing Coalition report found a nationwide shortage of 7.2 million affordable, available homes for extremely low-income renters. One way to address the problem is the U.S. Department of Housing and Urban Development (HUD) Rental Assistance Demonstration (RAD) program, which, according to the Government … Continue reading Conference Attendees to Discuss RAD, LIHTC Solutions to National Affordable Housing Shortage

HUD’s IMS Data Conversion and Cloud Migration Project Selects EIDOS Technologies as a Prime Contractor

  MANASSAS, VA./ DECEMBER 05, 2018 (STL.News) The US Department of Housing and Urban Development (HUD) has selected Manassas-based EIDOS Technologies as the Prime Contractor to manage its Inventory Management System (IMS) data conversion and cloud migration projects. HUD selected EIDOS based on the company’s expertise to mitigate and manage risks on all its projects … Continue reading HUD’s IMS Data Conversion and Cloud Migration Project Selects EIDOS Technologies as a Prime Contractor

HUD-Held Vacant Loan Sale 2019-1 (“HVLS 2019-1”) to Include Non-Profit Pools

  WASHINGTON/  Nov. 23, 2018 (STL.News) — The U.S. Department of Housing and Urban Development (“HUD”) has announced a HUD-Held Vacant Loan Sale (“HVLS 2019-1”) to be held on December 12th, 2018. HUD will be offering pools of due and payable Secretary-Held first lien loans secured by 1 to 4 unit, vacant properties where the … Continue reading HUD-Held Vacant Loan Sale 2019-1 (“HVLS 2019-1”) to Include Non-Profit Pools

Alabama News: Former Montgomery Lawyer, Christopher B. Pitts Receives 37-Month Sentence for Defrauding HUD of Over $1 Million

Montgomery, Ala. – On Tuesday, November 6, 2018, Christopher B. Pitts, 48 years old and a Georgia resident who was previously a practicing attorney in Montgomery, Alabama, received a 37-month sentence for devising a scheme to commit wire fraud affecting a financial institution. United States District Judge L. Scott Coogler sentenced Pitts after he pleaded … Continue reading Alabama News: Former Montgomery Lawyer, Christopher B. Pitts Receives 37-Month Sentence for Defrauding HUD of Over $1 Million

South Dakota News: SIOUX FALLS, JUSTICE DEPARTMENT REPORTS MAJOR INCREASES IN VICTIM REPORTING AND NUMBER OF LAWSUITS FILED IN ONE YEAR SINCE LAUNCH OF INITIATIVE TO COMBAT SEXUAL HARASSMENT IN HOUSING

SIOUX FALLS, S.D. – United States Attorney Ron Parsons and the Justice Department today announced the one-year anniversary of its initiative to combat sexual harassment in housing. Since its launch in October 2017 and nationwide expansion in April 2018, the Department has seen a major upswing in both reporting and enforcement. Over the past year, … Continue reading South Dakota News: SIOUX FALLS, JUSTICE DEPARTMENT REPORTS MAJOR INCREASES IN VICTIM REPORTING AND NUMBER OF LAWSUITS FILED IN ONE YEAR SINCE LAUNCH OF INITIATIVE TO COMBAT SEXUAL HARASSMENT IN HOUSING

Connecticut News: Vernon, ALLAN MANN, JR., Man Who Abducted Son in Canada in 1987 Located and Arrested in Connecticut

Vernon, Connecticut – A man who is alleged to have kidnapped his 21-month old son in Canada in 1987 was arrested this morning in Vernon, Connecticut. U.S. Attorney John H. Durham, U.S. Marshal Brian J. Taylor, and Special Agent in Charge Christina D. Scaringi of the Office of Inspector General, U.S. Department of Housing and … Continue reading Connecticut News: Vernon, ALLAN MANN, JR., Man Who Abducted Son in Canada in 1987 Located and Arrested in Connecticut

Use of Disparate Impact Remains in Question as HUD Considers Change Which Could Affect Tenant Screening, Opines TenantScreeningUSA.com

WALTHAM, MASS./ SEPTEMBER 18, 2018 (STL.News) Recently the Department of Housing and Urban Development began a review of the use of Disparate Impact as a legal apparatus in cases of discrimination as related to housing. Adam Almeida, President and CEO of TenantScreeningUSA.com, opines: “Currently more and more entities are commenting on how HUD should look … Continue reading Use of Disparate Impact Remains in Question as HUD Considers Change Which Could Affect Tenant Screening, Opines TenantScreeningUSA.com

U.S. Department of Housting and Urban Development (HUD) News: HUD Approves $1.5 Billion disaster Recovery Plan in Puerto Rico

WASHINGTON – U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson Monday announced HUD has approved a $1.5 billion disaster recovery plan to help citizens in Puerto Rico to recover from Hurricanes Irma and Maria.  Puerto Rico recently submitted the plan for HUD’s review which primarily focuses on the restoration of damaged and destroyed … Continue reading U.S. Department of Housting and Urban Development (HUD) News: HUD Approves $1.5 Billion disaster Recovery Plan in Puerto Rico

Florida News: Florida Governor Scott – $616 Million for Affordable Housing and Business Assistance Approved for Florida

TALLAHASSEE, FL – Thursday, following a meeting with the U.S. Department of Housing and Urban Development (HUD) Secretary Dr. Ben Carson, Governor Rick Scott announced the approval to distribute $616 million to local communities for Florida’s long-term recovery efforts from last year’s hurricane season.  During the meeting, the Governor also discussed the importance of this … Continue reading Florida News: Florida Governor Scott – $616 Million for Affordable Housing and Business Assistance Approved for Florida

Reports: HUD failed to track lead paint cases, ensure fixes

WASHINGTON/June 25, 2018 (AP)(STLRealEstate.News) — Two federal reports released this month blast the Department of Housing and Urban Development for failing to have procedures to adequately protect children in subsidized housing against lead paint exposure. The reports, from the Government Accountability Office and HUD’s Office of Inspector General, paint a portrait of an agency without … Continue reading Reports: HUD failed to track lead paint cases, ensure fixes

Low-income residents could experience HUD rent increase

MONTGOMERY, Ala./June 16, 2016 (AP)(STLRealEstate.News) — Low-income Alabama residents receiving federal assistance might experience increased rent by more than $800 a year. The possible rate increase could impact more than 180,000 people and about 83,000 households according to the nonpartisan Center on Budget and Policy Priorities, Al.com reported . The center says the average HUD … Continue reading Low-income residents could experience HUD rent increase

Florida Realtors®: June is National Homeownership Month

ORLANDO, Fla., June 13, 2018 /PRNewswire/ — June is National Homeownership Month, a time of year when Florida Realtors, Realtors across the U.S. and others celebrate the importance of owning a home and the impact it has on the lives of American families, local neighborhoods and the nation’s economic health. This year’s theme is National … Continue reading Florida Realtors®: June is National Homeownership Month

Problems spark change in West Virginia flood housing program

CHARLESTON, W.Va./June 8, 2018 (AP)(STLRealEstate.News) — Gov. Jim Justice has named the head of the West Virginia National Guard to oversee a program to help victims of 2016 floods obtain federal housing assistance after complaints of poor management and residents receiving no help. Justice said at a news conference Monday that James Hoyer, the state … Continue reading Problems spark change in West Virginia flood housing program

Analysis: HUD plan would raise rents for poor by 20 percent

CHARLESTON, S.C./June 8, 2018 (AP)(STLRealEstate.News) — Housing Secretary Ben Carson says his latest proposal to raise rents would mean a path toward self-sufficiency for millions of low-income households across the United States by pushing more people to find work. For Ebony Morris and her four small children, it could mean homelessness. Morris lives in Charleston, … Continue reading Analysis: HUD plan would raise rents for poor by 20 percent

Financing the American Dream: FHA is a Viable Option

BREA, Calif./ May 31, 2018 (STLRealEstate.News) — Bloomberg published an article last week presenting a Branch Manager—who is a valuable member of his community, the mortgage lending industry, and American Financial Network, Inc. (AFN; NMLS #237341)—as “Getting Rich on Government-Backed Mortgages.”  The article contained some unpleasant remarks toward our Team AFN Branch Manager—Angelo Christian, the Federal Housing … Continue reading Financing the American Dream: FHA is a Viable Option

Senate Confirms Brian D. Montgomery as Commissioner of Federal Housing Administration (FHA)

WASHINGTON and NEW YORK/May 24, 2018 (STLRealEstate.News) — Situs, the premier global provider of strategic business solutions for the finance and commercial and residential real estate industries, applauds today’s Senate confirmation of Brian D. Montgomery to serve as Assistant Secretary for Housing/Federal Housing Commissioner of the U.S. Department of Housing and Urban Development (HUD). The … Continue reading Senate Confirms Brian D. Montgomery as Commissioner of Federal Housing Administration (FHA)

Realtors® Focus on the Future of Fair Housing

WASHINGTON/ May 16, 2018 (STLRealEstate.News) — Dr. Ben Carson, secretary of the Department of Housing and Urban Development, joined thousands of members of the National Association of Realtors® at a general session today during the 2018 REALTORS® Legislative Meetings & Trade Expo to commemorate the 50th anniversary of the Fair Housing Act. During the session, … Continue reading Realtors® Focus on the Future of Fair Housing

Groups to sue Ben Carson over delay of anti-segregation rule

WASHINGTON/May 8, 2018 (AP)(STLRealEstate.News) — A group of advocacy organizations plans to sue the Department of Housing and Urban Development and its secretary, Ben Carson, over his decision to delay an Obama-era rule intended to ensure that communities confront and address racial segregation. A draft of the lawsuit argues that Carson illegally suspended the Affirmatively … Continue reading Groups to sue Ben Carson over delay of anti-segregation rule

HUD to reduce rent for residents of public housing complexes

THEBES, Ill./May 7, 2018 (AP)(STLRealEstate.News) — Federal housing officials have agreed to reduce the rent for more than two dozen families who have been told they must move out of two southern Illinois public housing complexes that have fallen into disrepair. The (Carbondale) Southern Illinoisan reports that the Department of Housing and Urban Development agreed … Continue reading HUD to reduce rent for residents of public housing complexes

Harvey recovery funds may prioritize wealthy, advocates say

AUSTIN, Texas/April 28, 2018 (AP)(STLRealEstate.News) — Advocacy groups said Friday that Texas is poised to unfairly distribute billions in federal funding provided for housing repairs following Hurricane Harvey’s devastation — prioritizing wealthy homeowners over poorer victims in ways that could constitute racial discrimination. At issue is a draft state rebuilding plan that says homeowners may … Continue reading Harvey recovery funds may prioritize wealthy, advocates say

HUD and Census Bureau Report New Residential Sales in March 2018

WASHINGTON/ April 26, 2018 (STLRealEstate.News) – The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for March 2018: New Home Sales Sales of new single-family houses in March 2018 were at a seasonally adjusted annual rate of 694,000. This is 4.0 percent … Continue reading HUD and Census Bureau Report New Residential Sales in March 2018

Carson plan would raise rent for millions in public housing

WASHINGTON/April 25, 2018 (AP)(STLRealEstate.News) — Millions of families living in federally subsidized public housing would pay more for rent under a proposal unveiled Wednesday by Housing and Urban Development Secretary Ben Carson. The proposal would have to be approved by Congress, where it could touch off a debate over how best to support some of … Continue reading Carson plan would raise rent for millions in public housing

Governor Abbott And HUD Secretary Ben Carson Hold Press Conference On Disaster Recovery

April 20, 2018 (STLRealEstate.News) — Governor Greg Abbott today joined Housing and Urban Development (HUD) Secretary Ben Carson, Senator Ted Cruz, Congressman John Culberson and local officials in Houston, Texas to discuss the $5 billion recently allocated to Texas for Hurricane Harvey and disaster recovery. This grant funding is being provided through HUD’s Community Development … Continue reading Governor Abbott And HUD Secretary Ben Carson Hold Press Conference On Disaster Recovery

HUD JOINS JUSTICE DEPARTMENT IN NATIONWIDE INITIATIVE TO COMBAT SEXUAL HARASSMENT IN HOUSING

WASHINGTON/April 16, 2018 (STLRealEstate.News) – Today, as the U.S. Department of Housing and Urban Development (HUD) and the Department of Justice recognizes the 50th Anniversary of the Fair Housing Act, Secretary Carson and Attorney General Jeff Sessions announced the nationwide rollout of an initiative aimed at increasing awareness and reporting of sexual harassment in housing. … Continue reading HUD JOINS JUSTICE DEPARTMENT IN NATIONWIDE INITIATIVE TO COMBAT SEXUAL HARASSMENT IN HOUSING

US awards $18.5 billion in recovery grants for Puerto Rico

SAN JUAN, Puerto Rico/ April 11, 2018 (AP)(STLRealEstate.News) — The U.S. government announced Tuesday that it will award $18.5 billion worth of disaster recovery grants to Puerto Rico to help repair homes, businesses and its crumbling power grid as the U.S. territory struggles to recover from Hurricane Maria. It is the largest single amount for … Continue reading US awards $18.5 billion in recovery grants for Puerto Rico

Texas Receives $5 Billion Grant From Department Of Housing And Urban Development For Disaster Recovery

AUSTIN, TX – Governor Greg Abbott announced that Texas has been awarded $5,035,260,000 from the Department of Housing and Urban Development (HUD) for disaster recovery from Hurricane Harvey and previous flood events. The grant funding is provided through HUD’s Community Development Block Grant – Disaster Recovery (CDBG-DR) Program for the rebuilding of housing, businesses and … Continue reading Texas Receives $5 Billion Grant From Department Of Housing And Urban Development For Disaster Recovery

HUD and Veterans Affairs grant $5 million in vouchers

SEATTLE/March 9, 2018 (AP)(STLRealEstate.News) — The Department of Housing and Urban Development and Veterans Affairs say they will give almost $5 million in vouchers to public housing authorities in Alaska, Idaho, Oregon and Washington state. The 675 HUD veteran rental assistance vouchers went to 27 public housing authorities in four states. Officials say the vouchers … Continue reading HUD and Veterans Affairs grant $5 million in vouchers

Gershman Mortgage Helps To Preserve Affordable Housing in Missouri

ST. LOUIS/ March 29, 2018 (STLRealEstate.News) — On March 14th, 2018 Gershman Mortgage closed the refinancing of an existing affordable housing community in St. Louis, Missouri named AHEPA 53 Inc. Adam Hendin, Vice President of Multifamily and Healthcare, led the refinancing process and said, “We worked hand in hand with the non-profit owner to simultaneously … Continue reading Gershman Mortgage Helps To Preserve Affordable Housing in Missouri