Several HUD programs are slated to be cut according to the recent budget proposal, including the Community Development Block Grant (CDBG) Program. According to HUD, the CDBG Program has not been effectively targeting the poorest communities and has not demonstrated a measurable impact on communities. Other programs are to be cut due as HUD states that State and local governments are better-positioned to serve their communities’ needs in place of these programs.
Read More »Adolfo Marzol Appointed to Senior Advisor at HUD
Adolfo Marzol has been appointed to the position of Senior Advisor to the Secretary of the Department of Housing and Urban Development. Following his appointment, he resigned from the Board of Directors of Essent Group Ltd.
Read More »Low Inventory Impacted by Stagnant Home Starts
The Department of Housing and Urban Development along with the U.S. Census Bureau released their April New Residential Construction Activity Report on Tuesday. Year-over-year, Permits, Starts and Completions increased 5.7 percent, barely increased 0.7 percent and increased 15.1 percent respectively. However, number shave fallen month-over-month.
Read More »Rumors Swirl Around FHA Nomination
President Donald Trump may be gearing up to nominated Brian Montgomery to head up the FHA. Currently the Vice Chairman of The Collingwood Group, Montgomery previously served as FHA Commissioner under President George W. Bush and President Obama. He also served as Asisstant Secretary for HUD and Deputy Assistant at the White House.
Read More »Industry Reacts to HUD Deputy Secretary Nomination
President Trump nominated Pam Patenaude to be Deputy Secretary of Housing and Urban Development on Friday. Patenaude, currently President of the J. Ronald Terwilliger Foundation for America’s Families, has a long history in the industry. Executives from all ends of the spectrum have praised her nomination.
Read More »Starts and Completions Up in February
Number of starts and completions increased in February, monthly and compared to last year. But permits dropped for the month.
Read More »HUD Budget Could be Cut
HUD should expect a $6.2 billion budget cut on 2018, a 13.2 percent decrease from the 2017 annualized CR level.
Read More »HUD Budget Cuts Shake the Housing Industry
The proposed plan will tighten fiscal policies for public housing and could potentially eliminate federally funded community development grants.
Read More »Carson Addresses HUD Employees
Carson spoke on how Americans need to work together to reach their full potential of prosperity.
Read More »What Issues Will Carson Face?
The MReport talks with Dr. Richard Green. Director of the USC Lusk Center for Real Estate, on the future of the Housing and Urban Development Department.
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