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Federal Regulators Strike Deal with 14 Mortgage Servicers Involved in Foreclosure Abuse

18 April, 2011 by George Danneman in Uncategorized
Mortgage servicers came under the microscope last fall when it was revealed that they were foreclosing on homeowners through faulty affidavits. This started a coordinated investigation by the 50 state attorneys generals along with the Office of the Comptroller of the Currency (OCC), the Office ... read more...

Support for the Gulf Opportunity Zone (Go Zone) Low-Income Housing Tax Credit (LIHTC)

Senator Mary L. Landrieu (D-La) secured a letter of support co-signed by Secretary of the U.S. Department of Treasury, Tim Geithner, and Housing and Urban Development (HUD) Secretary Shaun Donovan for extending the Gulf Opportunity Zone (GO Zone) Low-Income Housing Tax Credit (LIHTC) ... read more...

The U.S. Department of Housing and Urban Development (HUD) Announces Blanket Extension for Filing Audited Financial Statements

The U.S. Department of Housing and Urban Development (HUD) announced that the Real Estate Assessment Center (REAC) has been authorized to provide a blanket 30-day extension for the Financial Assessment Subsystem Multifamily Housing (FASS-MF) submissions of audited financial statements for ... read more...

Department of Housing and Urban Development (HUD) Taking Control of the Housing Authority of the City of Lafayette (HACL)

The U.S. Department of Housing and Urban Development (HUD) has taken control of the Housing Authority of the City of Lafayette (HACL). In its letter to the Housing Authority of the City of Lafayette (HACL), The Department of Housing and Urban Development (HUD) stated that the agency was in ... read more...

House Votes to Eliminate the Neighborhood Stabilization Program (NSP)

On March 16, the House passed H.R. 861, Neighborhood Stabilization Program (NSP) Termination Act, introduced by Rep. Gary Miller (R-CA) which would terminate funding for the Department of Housing and Urban Development’s (HUD) Neighborhood Stabilization Program (NSP).  The Neighborhood ... read more...

HUD Issues Notice of Funding Availability (NOFA) for FY2010 Section 202 Supportive Housing for the Elderly Program

The Department of Housing and Urban Development (HUD) provided details on accessing approximately $371 million of funding for Section 202 Supportive Housing for the Elderly Program, which is authorized by section 202 of the Housing Act of 1959. Section 202 Supportive Housing for the Elderly ... read more...

Department of Housing and Urban Development (HUD) Taking Control of the Philadelphia Housing Authority (PHA)

Due to mismanagement and corruption, the Philadelphia Housing Authority’s (PHA) five member board temporarily surrendered control to the Department of Housing and Urban Development (HUD) on  Friday, March 4, 2011. Former city official and currently the Chief Operating Officer of the Department ... read more...

An Increasing Amount of Very Low-Income Households Have Severe Housing Problems

On February 1, the U.S. Department of Housing and Urban Development (HUD) released a 66-page report entitled ‘‘Worst Case Housing Needs 2009: Report To Congress,” addressing  the housing needs of low income Americans. Renters with “worst case housing needs” are defined as low-income ... read more...

Neighborhood Stabilization Program 3 Action Plan Substantial Amendment to the State of Delaware FY2010 Annual Action Plan – Available for Public Review and Comment

The Delaware State Housing Authority (DSHA) is soliciting public comments on its draft Neighborhood Stabilization Program 3 Action Plan Substantial Amendment to the State of Delaware FY2010 Annual Action Plan from February 11, 2011 to February 25, 2011. The Neighborhood Stabilization Program ... read more...

Obama’s FY2012 Budget Released to Congress Cuts Various Housing Programs

On February 14, 2012, the Obama administration released the fiscal year 2012 budget to Capital Hill.  The budget aims to reduce the deficit by $1.1 trillion over the next decade by cutting spending levels for numerous housing programs.  The budget provides the Department of  Housing and Urban ... read more...
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