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Home | Tag Archives: HUD

Tag Archives: HUD

Residential Construction Activity Increases


Residential construction is on its way up, with building permit authorizations for privately owned housing units increasing by 8.1 percent from June to July and rising 7.7 percent from July 2013, according to data released on August 19 by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau.

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HUD Releases National Scorecard for July


The national Housing Scorecard compiled by HUD was released today, detailing a smaller number of foreclosure starts and increasing sales among existing homes in July. While the report's highlights weren't all positive, most indicators seem to be moving in the right direction. The only exception came from new home sales, which fell in June and were retroactively revised downward for the month of May.

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New Jersey Lender Settles Complaint


New Jersey-based nationwide residential lender Freedom Mortgage Corporation agreed to pay $104,000 in a discrimination settlement with the U.S. Department of Housing and Urban Development, HUD announced on August 13.

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Government Partnership Marks Five Year Anniversary

To celebrate the five-year anniversary of the founding of the Partnership for Sustainable Communities, three government agencies released a report entitled "Five Years of Learning from Communities and Coordinating Federal Investments," which details the progress made toward improving housing, environmental protection, and transportation systems in the last five years.

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HUD: Housing Outlook Good, More to be Done


U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury released the June edition of the Obama Administration's Housing Scorecard Thursday. It paints a picture of a housing market that is improving but still subject to ebbs and flows of the broader economy.

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Castro Confirmed as HUD Secretary


The United States Senate voted 71-26 Wednesday to confirm former San Antonio, Texas Mayor Julian Castro as the next Secretary of the Department of Housing and Urban Development. Castro replaces outgoing Secretary Shaun Donovan who is leaving to serve as the Director of the White House Office of Management and Budget.

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HUD Settles Discrimination Claim

GFS Capital Holdings, formerly Greenlight Financial Services, settled a claim with HUD regarding discrimination of women on maternity leave. The company agreed to pay a total of $48,000 to individuals against which it allegedly discriminated. HUD investigated Greenlight after a family complained the company denied their refinance loan application because the wife was on maternity leave at the time.

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HUD Awards Nearly $120 Million to Four Communities

Four American communities are getting a facelift. HUD Secretary Shaun Donovan announced Monday that the department was awarding four cities a combined $119.7 million to redevelop and bring revitalization to blighted areas. The award is the latest extension of the department’s "Choice Neighborhoods Initiative," which attempts to take a comprehensive approach to struggling neighborhood revitalization.

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