HUD Awards NSP3 Grants
Washington, D.C.— An additional $1 billion has been awarded to all states and a number of local communities under the third round of the Neighborhood Stabilization Program (NSP).
Donovan Announces Funds to Train Counselors
OAKLAND, CALIF.—Housing Secretary Shaun Donovan announced the availability of $5.1 million in grants this week to train additional housing counselors as the number of foreclosures remains high.
WHEDA's Riley Joins HUD
Antonio Riley, executive director of the Wisconsin Housing and Economic Development Authority (WHEDA), has been named a regional administrator for the Department of Housing and Urban Development (HUD).
Tawa Looks Ahead as HUD Refocuses on Affordable
It’s been a busy 14 months for Chris Tawa, to say the least.
HUD to Award $25 Million in Rural Areas
The Department of Housing and Urban Development (HUD) announced the availability of $25 million in grants to help rural and tribal communities address distressed housing conditions and concentrated poverty.
Vitus Group Acquires S.F. Seniors Property
SAN FRANCISCO—Vitus Group announced the acquisition and planned $5 million renovation of Crescent Manor Apartments, an 86-year-old former hotel in the city’s upper Tenderloin district.
Shaun Donovan: FHA D4 Changes are Necessary
The only game in town for construction debt is tightening its underwriting of market-rate deals.
End of an Era? Sec. 202’s Fate is Uncertain
The future of HUD’s Sec. 202 initiative is in doubt, as the 61-year old program suffers budget cuts and a proposed moratorium on new construction.
Five Tips for Winning FHA Approval on a New Construction Deal
Compared to what’s being offered in the private sector, the rates and terms of the Federal Housing Administration’s (FHA) Sec. 221(d)(4) program for new construction loans are more than attractive. Loan-to-cost ratios can reach up to 90 percen
HUD Secretary Addresses Green Homes & Sustainable Communities Conference
Today, Thursday, July 29, leaders in the fields of building, development, and financing met in Washington D.C., for a two-day conference focusing on green, affordable housing and other forms of community development.