HUD Press Releases
- Mon, 30 Jun 2014 12:07:05 +0000: HUD Awards Nearly $120 Million to Four Communities to Revitalize Housing, Surrounding Neighborhoods – HUD Press Releases
WASHINGTON – U.S. Department of Housing and Urban Development (HUD) Secretary Shaun Donovan traveled to Columbus, Ohio today to announce that four communities will receive a combined $119.7 million to redevelop severely distressed public or HUD-assisted housing and bring comprehensive neighborhood revitalization to blighted areas. HUD is awarding Choice Neighborhoods Initiative implementation grants to stakeholder groups in Columbus, Ohio; Norwalk, Connecticut; Philadelphia, Pennsylvania; and Pittsburgh Pennsylvania in order to begin the process of transforming, rehabilitating and preserving public housing and privately owned HUD-assisted housing.
- Thu, 19 Jun 2014 12:07:04 +0000: HUD Provides Additional Funds for Nearly 900 Local Homeless Programs Across the Country – HUD Press Releases
WASHINGTON – U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today announced a second round of grants totaling $140 million to nearly 900 local homeless assistance programs across the country (see attached chart). Provided through HUD’s Continuum of Care Program, the funding announced today will ensure additional permanent and transitional housing renewal projects are able to continue operating in the coming year, providing critically needed housing and support services to those persons and families experiencing homelessness.
- Thu, 19 Jun 2014 12:07:03 +0000: FHA Announces New Guidance Prohibiting Deceptive Marketing – HUD Press Releases
WASHINGTON – The Federal Housing Administration (FHA) published a Mortgagee Letter today reminding lenders participating in the agency’s Home Equity Conversion Mortgage (HECM) Program to make certain senior borrowers are fully informed of all their options when applying for reverse mortgages. FHA’s Mortgagee Letter also reinforces the agency’s prohibition against misleading or deceptive advertising and that this prohibition extends to misleading or deceptive descriptions of the HECM program.
- Tue, 22 Jul 2014 15:47:00 +0000: CIT Group, OneWest Bank merge, boosts capital position – All HW content
“This transformational transaction will combine CIT’s national middle market lending platform with OneWest’s wholesale lending and branch banking franchise to create a unique provider of retail and institutional financial services,” said John Thain, chairman and CEO, of OneWest.