Home Loan Focus

Archive for the ‘FHA – HUD Updates’ Category

Vice President Biden announces nearly $100 million in Recovery Act funds to clean up dangerous lead in housing

WASHINGTON – U.S. Housing and Urban Development Secretary Shaun Donovan today announced that HUD is making nearly than $100 million in Recovery Act funding available to help eliminate dangerous lead-based paint and other health and safety hazards from low-income homes. These grants will help 53 local programs in 20 states and the District of Columbia to protect young children from lead poisoning and create ‘green collar jobs. To view a summary of local programs funded through the Recovery Act, visit HUD’s website.

Source: http://www.hud.gov/news/release.cfm?content=pr09-062.cfm

HUD Secretary announces disaster assistance for Mississippi storm victims

WASHINGTON – U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to 10 storm-ravaged counties in Mississippi and provide support to homeowners and low-income renters forced from their homes following severe storms, flooding, and tornadoes in March.

Source: http://www.hud.gov/news/release.cfm?content=pr09-059.cfm

Secretaries Geithner, Donovan announce new details of making Home Affordable program, highlight implementation progress

WASHINGTON – With the Making Home Affordable (MHA) program delivering much-needed relief to homeowners and to our economy just over two months after the release of program guidelines, Treasury Secretary Tim Geithner and Housing and Urban Development (HUD) Secretary Shaun Donovan today provided an update on the program’s impact on stemming the housing crisis and keeping families in their homes and announced new options for homeowners facing foreclosure. The announcement and update came following a meeting with housing counselors from the National Community Reinvestment Coalition (NCRC) and with homeowners Nicholas Tekpertey of Reston, VA, and Warren Rohn of Lewiston, CA, who shared their success stories since participating in the Home Affordable Modification program.

Source: http://www.hud.gov/news/release.cfm?content=pr2009-05-14.cfm

Donovan announces intent to move forward with RESPA reform

WASHINGTON – U.S. Housing and Urban Development Secretary Shaun Donovan today announced his intention to implement the mortgage reforms under the Real Estate Settlement Procedures Act (RESPA) that are scheduled to take full effect on January 1, 2010. For the first time in more than 30 years, HUD is updating mortgage rules to help consumers shop for the lowest cost mortgage, avoid costly and potentially harmful loan offers, and save an average of $700.

Source: http://www.hud.gov/news/release.cfm?content=pr09-058.cfm

HUD makes nearly $1 billion available in recovery act funds to improve public housing

WASHINGTON – U.S. Department of Housing and Urban Development Secretary Donovan today announced that HUD is offering nearly $1 billion to make substantial improvements to thousands of public housing units nationwide. The Public Housing Capital Funds being offered today are provided through The American Recovery and Reinvestment Act of 2009 (Recovery Act) and are designed to help selected public housing authorities improve the quality of their housing stock, promote energy efficiency and create jobs.

Source: http://www.hud.gov/news/release.cfm?content=pr09-057.cfm

HUD awards $8 million in HIV/AIDS Housing Grants to seven local programs

WASHINGTON – Seven local programs that offer critically needed housing and support services to extremely low-income persons living with HIV/AIDS are being awarded $8 million in grants announced today by the U.S. Department of Housing and Urban Development. These grants will help hundreds of persons and their families struggling to find a stable home as they receive the services they need to manage their illnesses.

Source: http://www.hud.gov/news/release.cfm?content=pr09-056.cfm

Ron Sims sworn in as HUD’s Deputy Secretary

WASHINGTON – Ron Sims was sworn in today as the Deputy Secretary of the U.S. Department of Housing and Urban Development. Sims was unanimously confirmed by the U.S. Senate on May 6, 2009. As the second most senior official at HUD, Sims will be charged with managing the Department’s day-to-day operations, a nearly $39 billion annual operating budget, and the agency’s 8,500 employees.

Source: http://www.hud.gov/news/release.cfm?content=pr09-055.cfm

HUD FY2010 budget shifts focus to responsibility, effectiveness, and transparency

WASHINGTON, DC – U.S. Housing and Urban Development Secretary Shaun Donovan today unveiled the Department’s fiscal year 2010 budget, which focuses on responsibility, effectiveness and transparency. The proposed 2010 budget exercises strong fiscal discipline, consolidating or eliminating 27 programs and activities, and investing in initiatives to increase transparency and accountability.

Source: http://www.hud.gov/news/release.cfm?content=pr09-054.cfm

Kanovsky, Kovar and Trasvina sworn in as HUD Assistant Secretaries

WASHINGTON – Helen Kanovsky, Peter Kovar and John Trasvina were sworn in Monday as the General Counsel, Assistant Secretary for Congressional and Intergovernmental Affairs, and the Assistant Secretary for Fair Housing and Equal Opportunity, respectively at the U.S. Department of Housing and Urban Development. All three were unanimously confirmed by the U.S. Senate on May 1, 2009.

Source: http://www.hud.gov/news/release.cfm?content=pr09-046.cfm

HUD allocates $1 billion in Recovery Act Funding to support state and local community development

WASHINGTON – In an effort to stimulate community development and job growth, U.S. Housing and Urban Development Secretary Shaun Donovan today allocated $1 billion in funding to nearly 1,200 state and local governments through the American Recovery and Reinvestment Act of 2009(Recovery Act). These grants will be provided through HUD’s long-standing Community Development Block Grant (CDBG) Program and will primarily benefit low- to moderate-income persons living in these communities.

Source: http://www.hud.gov/news/release.cfm?content=pr09-049.cfm