President Biden nominates Julia Gordon as HUD commissioner

U.S. President Joe Biden has nominated a new Federal Housing Commissioner to serve at the Department of Housing and Urban Development. Should her nomination be confirmed by the Senate, Julia Gordon will be tasked with leading the Federal Housing Administration, supervising programs relating to the private mortgage insurance market and overseeing the $400 billion Federal

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HUD’s proposed rule change could limit housing discrimination lawsuits

The Department of Housing and Urban Development is proposing a change to its fair housing rules, but critics say the move could result in less discrimination lawsuits. The HUD has proposed a change in its regulations that would do away with the so-called “Disparate Impact rule”, which is often used as a way of enforcing

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HUD to donate $47 million for grants to housing counselors

Some $47 million of funding has been earmarked by the U.S. Department of Housing and Urban Development to go towards providing housing counseling grants. The money will be used to help around one million low income households avoid foreclosure or find new housing. HUD Secretary Ben Carson announced the new funding initiative, saying that HUD-approved housing

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HUD could see $8.8 billion slashed from its budget under Trump proposal

The Department of Housing and Urban Development is facing budget cuts that could impact, and even force it to close some of its programs. President Donal Trump’s proposed fiscal year 2019 budget would cut the HUD’s funding by $8.8 billion,

Senate approves former presidential candidate Ben Carson as new HUD secretary

A U.S. senate committee has voted unanimously to approve former Republican party presidential candidate Ben Carson as the new secretary of the Department of Housing and Urban Development.

HUD steps up to defend non-English speakers’ housing rights

The Department of Housing and Urban Development (HUD) has had to step in with new guidance reminding people that those with limited English proficiency are also protected under the Fair Housing Act.

Using FHA to Pay for your Investment Rehab

Short sales and foreclosures are the two most prevalent vehicles for investors looking to purchase distressed properties at a discount. However they are not easy on either the nerves or the wallet. Almost all of them require some amount of rehabilitation and remodeling, along with bringing current any deferred maintenance the property may have suffered while it was sitting empty

Chicago Begins Renovating and Renting out Foreclosed Condos

Cities across the US are grappling with the same question: What to do with all of those homes left vacant by the large number of foreclosures? While government agencies at a national level struggle to put together a coherent program for transforming foreclosed homes into rental properties, it seems that some cities are already taking matters into their own hands.

October Housing Scorecard a Reason for Optimism

An optimistic showing from U.S. housing markets over the last month has been revealed by new data released by the Obama administration. The October Housing Scorecard Report showed that sales of new homes rose to 26,100 in the last month, but while this is more sales than August’s total of 24,700 new home sales, it’s

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Study Shows Link Between Poor Health and Poor Neighborhoods

A new study has given more weight to the notion that the area in which you life can seriously impact your overall health. As part of a large experiment that began over a decade ago, a number of low-income women living in public accommodation in the cities of Baltimore, Boston, Chicago, Los Angeles and New

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