Castro says America is in a better place than it was a few years ago as far as housing, but is still struggling in some areas: namely, affordability and not being prepared to accommodate the baby boomer population.
Read More »HUD Secretary Castro Emphasizes Importance of Millennials to Housing Market
According to Smoke, 32 percent of millennials were homebuyers this year, while 18 percent were sellers. On the one other hand, 40 percent of millennials own a home, while 60 percent rent.
Read More »HUD Secretary Castro Plans to Announce Clinton Endorsement on Thursday
Castro, 41, has been HUD Secretary since July 2014. Prior to becoming the country’s top housing official, Castro served as mayor of San Antonio from 2009 to 2014. His twin brother, Joaquin, a Democratic U.S. Senator from Texas, has already endorsed Clinton and done some campaigning for her.
Read More »HUD Secretary Castro Praises Nation’s Progress Made Toward Fair Housing
"This is an exciting time for all Americans who care about fair housing," Casro said. "Our nation has made significant strides in shaping a society that’s open to all."
Read More »HUD Secretary Castro Says There Is Some ‘Agreement’ Between Parties on Housing Reform
Royce then asked Castro about a reduction in FHA market share for large banks, which he said has been recently cut from 61 percent to 33 percent, and that non-bank financial institutions how have 51 percent of the market share compared to 24 percent several years ago.
Read More »HUD Secretary Castro to Testify Before Congress Thursday, June 11
The purpose of Thursday's hearing, titled "The Future of Housing in America: The Oversight of the Department of Housing and Urban Development," is "to examine HUD and its programs," according to a memorandum from the Committee.
Read More »Representative Waters Asks HUD For More Transparency For Non-Borrowing Spouses on HECMs
In an announcement regarding the letter to Castro, Waters said that many senior citizens have faced foreclosure or will face foreclosure due to "fraudulent lending practices" on the part of lenders surrounding HUD's previous protocol for the HECM program.
Read More »Lawmaker Questions Recent HUD Appointments in Letter to Castro
Grassley was referring to the March 26 appointment of Edward Golding as principal deputy assistant secretary for the Office of Housing to essentially fill the duties performed by the office FHA commissioner, and the February 27 appointment of Lourdes Castro Ramirez to the position of principal deputy assistant secretary for the Office of Public and Indian Housing (PIH) at HUD.
Read More »VP Joe Biden Scheduled to Speak at HUD Housing Conference April 7
Vice President Joe Biden, HUD Secretary Julián Castro, and the Obama Administration say they are are committed to leveling the playing field for all Americans and increasing access to safe and affordable housing.
Read More »Castro: HUD Budget Increase Will Help More Americans Achieve Homeownership
The proposed budget would increase $4 billion from last year to a total of $49.3 billion. HUD’s budget proposes more than $21 billion for the Housing Choice Voucher Program, which Secretary Castro said would extend support to more than 2.4 million low-income families.
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