Manufactured Home Loans Blog

WASHINGTON – U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today allocated $400 million in emergency aid to help communities in eight states to recover from presidentially declared natural disasters in 2011. Provided through HUD’s Community Development Block Grant (CDBG) Program, these grants will support long-term disaster recovery efforts in areas with the greatest extent of ‘unmet need.’

WASHINGTON – Today, Acting Federal Housing Administration (FHA) Commissioner Carol J. Galante announced the latest in a series of steps to protect and strengthen the FHA’s Mutual Mortgage Insurance Fund, while enabling the agency to continue to fulfill its mission to provide access to homeownership for qualified borrowers.

WASHINGTON – The U.S. Department of Housing and Urban Development today awarded $6.8 million to help local communities across this country to assess the nature and scope of their homeless challenge as part of a broader Administration goal of preventing and ending homelessness. The technical assistance grants awarded today will ultimately help state and local planning organizations or ‘continuums of care’ to improve data collection and reporting that is a critical part of designing their responses to homelessness.

WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today announced that it is launching a Section 3 Business Registry pilot program in Washington, D.C. that will expand job opportunities for low-income people and public housing residents by maintaining a registry of businesses that currently hire them. Additionally, HUD will implement the pilot program in New Orleans, Detroit, Los Angeles and Miami, to give contracting agencies and low-income residents a single source of information to find eligible Section 3 businesses and job opportunities.

WASHINGTON – The U.S. Department of Housing and Urban Development announced today that it is making available $110 million in grants to transform public and assisted housing and to revitalize communities. Appearing in today’s Federal Register is the Notice of Funding Availability, the federal application, for the FY 2012 Choice Neighborhoods Implementation Program. Read HUD’s funding notice.

WASHINGTON – As part of its continuing effort to provide quality housing counseling to the nation’s homeowners, buyers and renters, the U.S. Department of Housing and Urban Development (HUD) today announced the availability of $2 million in grants for housing counseling training. HUD’s goal is to fund eligible organizations to deliver training across the full spectrum of counseling services.

WASHINGTON – U.S. Department of Housing and Urban Development (HUD) Secretary Shaun Donovan announced today that 13 communities across the U.S. will receive $3.6 million in Choice Neighborhoods Planning Grants. (See attached list (PDF)and project summary for this all of the grantees (PDF).)

WASHINGTON- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the December edition of the Obama Administration’s Housing Scorecard – a comprehensive report on the nation’s housing market. Data in the December Housing Scorecard show some subtle improvements in the market over the past year, but underscore fragility as the overall outlook remains mixed. For example, new and existing home sales rose compared to the prior month and remain higher than a year ago, and homes are more affordable than they have been since 1971. Median-income families today have nearly double the funds needed to cover the cost of the average home. However, home prices showed a slight dip from the prior month and remain below year ago levels. The full report is available online at www.hud.gov/scorecard.

WASHINGTON – The U.S. Department of Housing and Urban Development today announced that it immediately suspended James H. Grier and Mantua Gardens East, Inc. (MGE) of Philadelphia from doing business with the U.S. Government. In addition to the immediate suspension announced today, HUD also proposed their debarments to prevent Grier and the company from participating in government-related business for a period of five years.

WASHINGTON – In an effort to continue stabilizing home values and improve conditions in communities experiencing high foreclosure activity, Acting Federal Housing Administration Commissioner Carol J. Galante today extended a temporary waiver of FHA’s anti-flipping regulations through 2012.