WASHINGTON – U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to 46 storm-ravaged counties in Missouri and provide support to homeowners and low-income renters forced from their homes following last month’s severe storms, flooding, and tornadoes.
WASHINGTON – U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to nine counties in Oklahoma and provide support to homeowners and low-income renters forced from their homes following this spring’s wildfires.
WASHINGTON – The U.S. Department of Housing and Urban Development today joined President Obama’s commemoration of the tenth anniversary of the Supreme Court’s Olmstead decision by announcing that it will offer rental assistance to 4,000 non-elderly families with disabilities, including 1,000 vouchers specifically targeted to those transitioning out of nursing homes and other care facilities. Through its funding notice, HUD is seeking comment from public housing authorities and others to ensure this critically needed assistance is distributed and administered in the most effective manner possible.
In its monthly mortgage finance forecast, the Mortgage Bankers Association (MBA) lowered its forecast for mortgage originations in 2009 to .03 trillion today. This is the fourth consecutive month the MBA has reduced its outlook for total mortgage originations…(read more)
Investor sentiment began the week with a rapid downward slide after the World Bank released new forecasts severely downgrading the prospects for a global recovery. The world economy remains "unusually uncertain" and is now expected to shrink…(read more)
WASHINGTON – Sandra Brooks Henriquez was sworn in today as the Assistant Secretary for the Office of Public and Indian Housing (PIH) at the U.S. Department of Housing and Urban Development. Henriquez will oversee the nation’s public housing and rental assistance programs that assist approximately 3.2 million low-income families across the U.S. She will also be responsible for HUD’s Native American and Native Hawaiian programs, which serves 562 federally recognized tribes.
WASHINGTON – The U.S. Department of Housing and Urban Development today announced that million is available to improve methods to detect and control lead-based paint, mold and other housing-related safety hazards that harm children. These grants will be awarded competitively to multiple Academic and non-profit institutions, State, Tribal or local governments that advance the recognition and control of residential health and safety hazards or improve our understanding of the link between housing and health.
WASHINGTON – The United States Interagency Council on Homelessness (USICH) met today for the first time under the Obama Administration. U.S. Secretary of Veterans Affairs Eric K. Shinseki chaired the meeting, at which U.S. Housing and Urban Development Secretary Shaun Donovan was elected rotating Chair for the upcoming year and U.S. Labor Secretary Hilda Solis was elected Vice Chair. U.S. Health and Human Services Secretary Kathleen Sebelius and Melody Barnes, Director of the White House Domestic Policy Council, attended the meeting.
Freddie Mac's Primary Mortgage Market Survey for the week ended June 18 showed significant decreases in all mortgage products although they are still above the record low territory of late spring. The 30-year fixed rate mortgage (FRM) dropped to 5…(read more)
Stocks opened on par with yesterday’s close but have since climbed higher on encouraging data reports. A weekly labor report showed mixed results, a regional manufacturing report showed significant improvement, and the leading indicators index improved…(read more)
