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Home | Tag Archives: HUD

Tag Archives: HUD

Castro Expresses Optimism, Addresses Challenges Facing Housing in ‘Fireside Chat’

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Castro based his optimism on what he called a "confluence of factors" he believes will encourage more potential homebuyers to take the plunge this year, including a leveling off in home prices, lower entry barriers to mortgage credit, and falling costs—helped by an imminent reduction in Federal Housing Administration (FHA) annual mortgage insurance premiums and the Federal Housing Finance Agency's (FHFA) directive for Fannie and Freddie to accept mortgages with lower down payments.

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HUD Bestows Seven Choice Neighborhood Planning Grants Totaling $3.2 Million

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The U.S. Department of Housing and Urban Development (HUD) is awarding seven Choice Neighborhoods Planning grants worth $3.2 million in six cities, HUD Secretary Julián Castro announced while speaking to grant recipient Louisville Metro Housing Authority in Kentucky on Friday. HUD's signature place-based initiative, Choice Neighborhoods' goal is to transform those neighborhoods that are struggling to address the challenges of distressed housing, inadequate schools, poor health, high crime, and lack of capital, which are all interconnected.

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Castro: It’s Time to ‘Remove the Stigma’ Promoting Homeownership

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Secretary for the U.S. Department of Housing and Urban Development (HUD) Julián Castro told the audience at the National Press Club Tuesday afternoon that it was time for the nation to "remove the stigma" promoting homeownership. During his hour-long speech at the Press Club in Washington, D.C., which included a question and answer session, Castro spoke of the economic progress the nation made in 2014, such as experiencing the fastest job growth rate in 15 years, and he addressed HUD's initiatives which are aimed at promoting, increasing, and expanding opportunities for Americans to own a home.

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U.S. Supreme Court to Hear Arguments On ‘Disparate Impact’ Rule on January 21

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The U.S. Supreme Court is scheduled to hear arguments on January 21 on whether or not "disparate impact" claims are allowed under the Fair Housing Act of 1968. The case scheduled to be heard later this month, Texas Department of Housing and Community Affairs, et al., v. The Inclusive Community Project, Inc., centers on claims that the Texas state housing department's fixed criteria for approving tax credits for low-income housing developers resulted in the approval of such credits for a larger percentage of developers in areas more heavily populated by minorities than in areas more populated by whites.

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HUD Secretary Vows to Make Greatest Use of Allotted Resources in 2015

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U.S. Department of Housing and Urban Development (HUD) Secretary Julián Castro said the Department will continue to focus on its top priorities in 2015 with the $45 billion budget allotted as part of the Consolidated and Further Continuing Appropriations Act of 2015, despite the lack of funding for some key HUD initiatives. Among those priorities are securing sustainable housing for American individuals and families, preserving rental house assistance for poor Americans, ending homelessness, protecting people from discrimination in housing, and helping neighborhoods become more resilient from natural disasters, according to a release from HUD.

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