User: demo Topic: Housing
Category: Federal Housing Policy :: HUD
Last updated: Aug 31 2014 03:44 IST RSS 2.0
 
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Beware, mortgage scammers on the rise again 30.8.2014 San Jose Mercury News: Business
Bogus companies pocket illegal fees from consumers
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Letter: We stand by Friendship Manor 30.8.2014 Salt Lake Tribune
We are longtime residents of Friendship Manor. There are 178 apartments at the Manor. Ninety-five of them are “market rate” rentals, and 83 are HUD subsidized rentals. Friendship Manor is a beautiful, caring retirement center and a desirable place to live. When Mr. Jack Coleman moved into the Manor, he arrived without any furnishings, not even a bed. Due to the kindness of the residents and the LDS Church, he now has a beautifully furnished apartment complete with 27-inch TV. Mr. Coleman has f...
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Can Private Capital Save Public Housing? (Tenants Have Their Doubts) 28.8.2014 American Prospect
Traditional public housing is out of favor and substantially out of funds. It’s bureaucratic, concentrates the very poor, and is literally crumbling due to a huge backlog of deferred maintenance. Yet despite real catastrophes—such as Chicago’s bleak, crime-ridden Robert Taylor Homes,  dynamited  over a decade ago—public housing provides low-rent apartments to some 2.2 million people, and much of it is reasonably well run by local authorities. For half a century, presidents, legislators and housing developers have sought alternatives, involving supposedly more efficient private market incentives. However, these alternatives, too, have been far from scandal-free. The Johnson-era  Section 236 program  (named for part of the housing code) gave private developers tax benefits and direct payments to build low-rent housing, underwritten by subsidized thirty-year mortgages. But then, as the mortgages started being paid off in the 1990s, many developers kicked out poor tenants and  converted the buildings to ...
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Can Private Capital Save Public Housing? 28.8.2014 American Prospect
Traditional public housing is out of favor and substantially out of funds. It’s bureaucratic, concentrates the very poor, and is literally crumbling due to a huge backlog of deferred maintenance. Yet despite real catastrophes—such as Chicago’s bleak, crime-ridden Robert Taylor Homes,  dynamited  over a decade ago—public housing provides low-rent apartments to some 2.2 million people, and much of it is reasonably well run by local authorities. For half a century, presidents, legislators and housing developers have sought alternatives, involving supposedly more efficient private market incentives. However, these alternatives, too, have been far from scandal-free. The Johnson-era  Section 236 program  (named for part of the housing code) gave private developers tax benefits and direct payments to build low-rent housing, underwritten by subsidized thirty-year mortgages. But then, as the mortgages started being paid off in the 1990s, many developers kicked out poor tenants and  converted the buildings to ...
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July new-home sales slip 2.4 percent 26.8.2014 Star Tribune: Business
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ERROR: Missing Story Title 21.8.2014 Boston Globe: Latest

In the Loop: In the Loop: Paul Ryan isn’t fond of Frank Underwood 19.8.2014 Washington Post: Politics
A presidential contest between Paul Ryan and Hillary Clinton would surely be billed as a race between the future of the Republicans and the old guard of the Democrats. But Friday we learned of an even greater divide between the two pols that gets right to the heart of Washington: “House of ...
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Biden welcomes Castro to Obama's Cabinet amid chatter about Castro as potential 2016 VP pick 19.8.2014 Star Tribune: Politics
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Biden welcomes Castro amid 2016 VP chatter 19.8.2014 AP Politics
WASHINGTON (AP) -- Vice President Joe Biden gave a hearty welcome Monday to the man many Democrats hope will someday replace him....
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Housing foreclosures still profitable for investors 15.8.2014 Seattle Times: Business & Technology
While still smaller when compared to the heyday of the mortgage-backed securities market before the financial crisis, demand is expected to grow as institutional investors search for yield and analysts estimate that there are still billions worth of delinquent mortgages in the U.S.
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The Clintons break bread and build ties with Julián Castro, stoking talk of a 2016 ticket 15.8.2014 Washington Post: Politics

As she expands her political network in advance of an expected presidential run, Hillary Rodham Clinton and her husband have been cultivating an important ally who some believe could become her vice presidential running mate.

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Top housing official is stepping down by year’s end 11.8.2014 Washington Post
The head of the Federal Housing Administration announced Monday that she’s leaving her post toward the end of the year to return home to California, where she will teach at the University of California, Berkeley starting in ...
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Homelessness Rate For Mass. One of Nation’s Highest 11.8.2014 Boston Globe: Latest
Massachusetts ranks as the state with the ninth-highest rate of homeless in the country. According to the US Department of Housing and Urban Development, Massachusetts has 290 homeless per 100,000 ...
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Rising rents and falling incomes have hurt renters in all but 3 of Minnesota's 87 counties 7.8.2014 MinnPost
A new report from the Minnesota Housing Partnership says rent affordability has become more difficult in 84 of Minnesota's 87 counties. Only Wilkin, Marshall and Stevens counties in western Minnesota were not negatively impacted by rising rents and falling incomes that have been seen in the state since 2000. The report says that overall, "since 2000, Minnesota's median rents have risen by 6 percent, while incomes for renters have fallen by 17 percent." Notes the report: "Minnesota is recognized as a national leader for its commitment to helping families with affordable ownership and rental homes. Nevertheless, housing has become too costly for growing numbers of low- and moderate-income Minnesotans. All Minnesotans are affected when low- and moderate-income families cannot find affordable homes." Chip Halbach, Executive Director of the Minnesota Housing Partnership, said in a statement: "Vulnerable seniors and children are, unfortunately, far from immune to homelessness. In the area of housing we have a ...
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These 7 Charts Show Why the Rent Is Too Damn High 7.8.2014 Mother Jones
More Americans than ever before are unable to afford rent. Here's a look at why the rent is too damn high and what can be done about it. Part of the problem has to do with simple supply and demand. Millions of Americans lost their homes during the foreclosure crisis, and many of those folks flooded into the rental market. In 2004, 31 percent of US households were renters, according to HUD. Today that number is 35 percent. "With more people trying to get into same number of units you get an incredible pressure on prices," says Shaun Donavan, the former secretary of housing and urban development for the Obama administration. It's not just working-class folks who have been pushed into the rental market. More middle-class Americans are renting too. Alongside the foreclosure crisis, the financial collapse and ensuing recession jacked up unemployment and squeezed incomes . Check out how rental costs compare to renter incomes over the past quarter century: Republicans, in an effort to shore up what they say is ...
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Welcome aboard: Obama lavishes praise on Castro 1.8.2014 AP Politics
WASHINGTON (AP) -- There were all the trappings of a campaign endorsement rally: the cheering crowds, the American flags, and the sitting president heaping praise on a fellow Democrat. All that was missing was the campaign....
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Welcome aboard: Obama lavishes praise, attention on new Housing chief Julian Castro 1.8.2014 Star Tribune: Politics
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As CHA socks away millions, HUD calls on agency to expand vouchers 31.7.2014 Chicago Tribune: Popular
On the day a think-tank publicly released a report that says the Chicago Housing Authority has been socking away hundreds of millions of dollars instead of using it for housing for the poor, the U.S. Department of Housing and Urban Development has asked the agency to do ...
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Raiders eyeing San Antonio for relocation 30.7.2014 Chicago Tribune: Popular
The Oakland Raiders, whose lease at O.co Coliseum expires next year, are apparently shopping for a new location, landing in Texas almost two weeks ...
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Porn on computer sparks HUD investigation (warning: redacted) 30.7.2014 Star Tribune: Latest
The document arrived after a FOIA request from a record-rich web site called Government Attic.
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