FHA Loan Weekly Roundup (January 8, 2017)

HUD awards Utah $10 million in grants for homeless housing, services

SALT LAKE CITY — The U.S. Department of Housing and Urban Development has awarded $10 million in competitive grants to 59 Utah housing and service providers that serve people experiencing homelessness.

Continuum of Care grants, distributed annually, primarily fund permanent and transitional housing and related services for people who are homeless or are at risk of becoming homeless.

Rick M. Garcia, HUD’s regional administrator, said securing safe, quality and affordable housing helps prevent homelessness.

“Continuing to fund our local continuums in the work they do is crucial for our shared goal to prevent and end homelessness throughout the Rocky Mountain region,” Garcia said in a news release.

Source


Confirmation hearing for HUD nominee Ben Carson set for Jan. 12

Over the last few days, Ben Carson, President-elect Donald Trump’s choice to lead the Department of Housing and Urban Development, met with several senators in preparation for his upcoming confirmation hearing.

During his rounds on Capitol Hill, Carson met with Sen. David Perdue, R-Georgia, and Sen. Chuck Grassley, R-Iowa, but Carson’s real moment of truth is coming soon, according to a report from Lorraine Woellert of Politico.

Per Woellert’s report, on Thursday, the Senate Committee on Banking, Housing, and Urban Affairs set the date for Carson’s confirmation hearing – Thursday, Jan. 12, at 10 a.m. Eastern.

Story


HUD CHARGES BANK OF AMERICA WITH DISCRIMINATORY LENDING PRACTICES IN SOUTH CAROLINA

WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) announced today that it has charged Bank of America, N.A., and two of its employees with violating the Fair Housing Act by discriminating against prospective Hispanic mortgage borrowers in Charleston, South Carolina. Read HUD’s charge.

Read full press release here


HUD AND CENSUS BUREAU RELEASE AMERICAN HOUSING SURVEY RESULTS FOR 25 METRO AREAS

WASHINGTON – Today, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau released the results of the 2015 American Housing Survey focusing on 25 metropolitan areas across the country. The data released today includes detailed information on everything from monthly housing costs, hunger, and neighborhood characteristics including crime and the prevalence of rodents and cockroaches. Read the 2015 American Housing Survey data by metro area.

Read full story here