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Tag Archives: HUD

How the Budget Proposal Impacts HUD

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.

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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.

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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.

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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.

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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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