News Bytes From Your Communities
New Jersey Gov. Philip Murphy (D) nixes a bill that would have added an additional safety net for thousands of homeless people or those at risk of homelessness. Murphy killed the concept because lawmakers failed to attach what he considered a proper fiscal estimate of where the
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It had been quietly in the works since the explosive failure of the Alexander County Housing Authority in Cairo, Il, and the embarrassing revelations at the privately contracted Eureka Gardens Section 8 housing complex managed by the Global Ministries Foundation in
Low-income housing advocates succeed in getting congressional approval and funding for a Section 8 housing voucher mobility program demonstration following a long-term campaign to gain recognition for the concept.
Heads of five private companies that mange military housing, along with Defense Department leaders responsible for their oversight, face the wrath of a joint hearing of the Senate Armed Services subcommittees on personnel & readiness and management support over the DOD’s
Dropping mortgage rates coupled with a strengthening economy contribute to surging homebuilder confidence. Homebuilder confidence increased four points in February to 62 in the National Association of Home Builders/Wells Fargo Housing Market Index. A rating of 50 or
So far, HUD has accomplished little in the two years of the Trump administration other than a series of rules cuts and changes, including proposed alterations to the Disparate Impact rule and looming changes to the Affirmatively Furthering Fair Housing regulation, the reinterpretation
New York City is stepping up its battle with short-term rental site Airbnb with a subpoena for about 20,000 apartment listings at the center of the legal skirmish. City officials are fighting to prevent decimation of its housing supply. The largely vacation rental website of mom and pop l
While the FY 2019 spending blueprint gives HUD $3 billion more than the department requested, it is still about $3 billion less than authorized in the current continuing resolution’s annualized amount for FY 2018.
HUD’s attempt to deflect fallout from application of its Disparate Impact rule is now in the final stages of a rewrite to dilute its effectiveness. HUD has sent its changes to the Office of Management & Budget for review.
Funding for the National Housing Trust Fund is on the line, according to Federal Housing Finance Agency Acting Director Joseph Otting. Former FHFA Director Mel Watt put NHTF funding in place during the five years the North Carolina former congressman headed the
Reacting to the increasing vulnerability of the economic expansion, mortgage interest rates continue their downward slide after soaring to seven-year highs less than three months ago. The latest rates were set before it became clear the federal government would not be shut