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Keyword: hud

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  • Enterprise Zones - I realized my mistake 20 years too late

    08/23/2010 5:23:58 PM PDT · by scrabblehack · 6 replies
    Self ^ | August 23, 2010 | Self
    It's 20+ years late and I realize my mistake. Back in the 1980's, Jack Kemp boosted "Enterprise Zones." They were supposed to revitalize America's cities. Recently a friend has asked me for assistance in starting a small retail business. Of course the biggest obstacle is getting the startup capital. I was looking around and came across the HUD site. I then started looking at possible sites. To make a long story short, the commercial properties inside the zone I could find seemed like high risk sites to say the least. One main drag in town had some commercial properties (no...
  • HUD offers interest-free $50K loans to unemployed homeowners to stem foreclosures

    08/14/2010 8:10:14 PM PDT · by SeekAndFind · 47 replies
    Hotair ^ | 08/15/2010 | Ed Morrissey
    Call it a hair-of-the-dog solution to a seemingly intractable problem. The Department of Housing and Urban Development have begun issuing emergency $50,000 loans at zero interest to unemployed homeowners in an attempt to stall foreclosures, using $1 billion of Porkulus funds for the effort and $2 billion from the same source for indirect aid through state governments. Ironically, while foreclosure seizures are rising, the actual trend is more optimistic: The Obama administration is providing $3 billion to unemployed homeowners facing foreclosure in the nation’s toughest job markets.The Treasury Department says it will send $2 billion to 17 states that have...
  • Obama administration to provide $3B in housing aid (HUD to Offer 0% Interest Loans)

    08/11/2010 9:08:58 AM PDT · by mojito · 45 replies
    Google News ^ | 8/11/2010 | Alan Zibel
    ....Another $1 billion will go to a new program being run by the Department of Housing and Urban Development. It will provide homeowners with emergency zero-interest rate loans of up to $50,000 for up to two years. The administration was required to launch the programs by the financial regulatory bill signed by President Barack Obama last month.
  • HRA Helps Clients Purchase Cars with Wheels for Work Program

    08/10/2010 4:09:11 PM PDT · by Sarah · 19 replies
    Human Resources Administration ^ | n/a | 1-877-472-8411
    HRA Helps Clients Purchase Cars with Wheels for Work Program HRA, the State Office of Temporary and Disability Assistance (OTDA) and the Education and Assistance Corporation (EAC) recently began a program to help lowincome New Yorkers living in areas with limited public transportation buy cars to get to and from work and pick their children up from school. The program, Wheels for Work, serves working families and individuals in Queens and Staten Island, where residents are most likely to need a car. To be eligible, you must be working at least 35 hours a week for the past six months,...
  • Obama Housing Bailout Under Attack

    07/30/2010 8:37:07 AM PDT · by Qbert · 15 replies · 1+ views
    CNBC ^ | 7/28/2010 | Diana Olick
    Criticism of the Obama Administration's mortgage bailout, the Home Affordable Modification Program, is reaching a fever pitch, and I know this because, among other things, the Administration itself appears to be mounting a defense. Recently, reporters who cover housing were called to the Treasury Department for a "background briefing" by Administration officials, who tried to focus attention on the many, varied Administration efforts to stabilize housing; the message was...it's not all about our modification program. Yesterday I received several emailed announcements from both HUD and the Treasury. One alerted us to a "Conference on the Future of Housing Finance," set...
  • Senate committee allocates $150 million for Houston METRO light-rail projects

    07/28/2010 11:53:49 AM PDT · by Willie Green · 38 replies · 2+ views
    Progressive Railroading ^ | Wednesday, July 28, 2010 | ?
    The Metropolitan Transit Authority of Harris County, Texas (METRO) is in line to receive $150 million for the North and Southeast Corridor light-rail lines as part of the Senate Appropriations Committee’s fiscal-year 2011 Transportation, Housing and Urban Development Appropriations bill approved last week. The House version of the FY2011 appropriations bill set aside $152 million for the projects. The full House will vote on the bill later this week. The $150 million proposed by the Senate committee would be in addition to $150 million secured in FY2010, bringing the total amount of federal funds allocated for the two light-rail projects...
  • 'Reform' missed 'friends of Angelo'

    07/27/2010 2:35:29 AM PDT · by Scanian · 4 replies · 1+ views
    NY Post ^ | July 27, 2010 | STEPHEN B. MEISTER
    Democrats claim their sweeping financial-sector reforms will guard against the kind of problems that triggered the recent economic meltdown. But if they really wanted to do that, they would've focused on how so many US officials were simply . . . bought. Fat chance. Nonetheless, Rep. Darrell Issa (R-Calif.), ranking member of the House Committee on Oversight and Governmental Reform, is demanding just such a review -- and, for the sake of the nation, he should get one. Last week, Issa wrote to Alfred Pollard, general counsel to the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac,...
  • S. Korea firm to supply F-15 HUDs

    07/07/2010 1:44:04 AM PDT · by ErnstStavroBlofeld · 1 replies
    UPI ^ | 7/6/2010 | UPI
    South Korean electronics maker LIG Nex1 has signed an $8 million contract with Rockwell Collins for head-up data display units for U.S. Air Force F-15 fighters. The displays will also be delivered to the air forces of three other country's that fly the jet, LIG Nex1 said in a news release. The HUD is an instrument that's placed above the cockpit instrument glare shield for viewing data. It allows a pilot to view the information through a transparent screen as the flyer continues to look forward. HUDs are specifically designed to improve pilot situational awareness. The company, in a news...
  • ‘ACORN Youth Union’ Chapters Were Funded by Justice Department, Says GAO

    06/18/2010 5:11:59 PM PDT · by jazusamo · 16 replies · 442+ views
    CNSNews ^ | June 18, 2010 | Terence P. Jeffrey
    (CNSNews.com) - The U.S. Justice Department gave a group called the New York Agency for Community Affairs a grant of $135,130 in fiscal year 2005 to “provide youth leadership training to students at select New York City schools, form ‘ACORN Youth Union’ chapters, and coordinate student campaigns to address issues such as school funding, neighborhood safety, and school governance,” according to a Government Accountability Office report released this week. The GAO report says that in fiscal years 2005 through 2009 the federal government gave ACORN and what the GAO calls “potentially related organizations” more than $40 million in federal funds.  According...
  • Crime and Poverty: An American Tragedy in 13 Parts

    05/16/2010 7:42:53 AM PDT · by wizkid · 4 replies · 319+ views
    JohnQuincy ^ | 05/13/2010 | JohnQuincy
    At the beginning of the decade, a plague of chaos erupted in working class neighborhoods across America. In once relatively peaceful areas, epidemics of murder, rape and robbery broke out. Police faced a grim situation. The mayhem once contained to isolated sections of the city had jumped the breaks. A firestorm had erupted destroying neighborhoods and ripping apart families. Horrifying though it may be, crime is mundane in one respect: It tends to occur in predictable patterns. These patterns signify that the thin veneer of civilization is holding. Without the thin veneer of civilization, man would tear himself to shreds....
  • The Ever War: Federal Chaos Plague Destroys Working Class

    05/09/2010 8:31:39 PM PDT · by wizkid · 11 replies · 472+ views
    JohnQuincy Blog ^ | 0509/2010 | JohnQuincy
    Imagine if a plague was intentionally set loose in your neighborhood: A plague of social disintegration leading to the widespread rape of women, sack of property and a skyrocketing homicide rate. During the 1990's, this is exactly what happened. As part of a grand experiment, the working class were injected with a dose of poverty and chaos ensued: Neighborhoods were ruined, lives were destroyed and families were ripped apart. This experiment continues to this day
  • FANNIE MAE EASES CREDIT TO AID MORTGAGE LENDING (1999)

    04/20/2010 10:24:40 AM PDT · by Brad from Tennessee · 12 replies · 395+ views
    NEW YORK TIMES ^ | September 30, 1999 | By STEVEN A. HOLMES
    WASHINGTON, Sept. 29— In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders. The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring. . .
  • Wired Magazine, Conde Nast Scoop Breitbart, the ‘Bigs’ — HUD next O’Keefe Video Sting Target

    03/12/2010 12:49:06 PM PST · by BuckeyeTexan · 7 replies · 655+ views
    BigJournalism.com ^ | 03/12/2010 | Michael Walsh
    <p>This time, there are no prostitutes involved, just a shady, and serious, tax-fraud scheme. The ploy involves the Obama administration’s 10 percent tax credit to first-time home buyers. The law says that the credit maxes out at $8,000 for an $80,000 home. But at the Detroit office of the Department of Housing and Urban Development, the rule seems open to interpretation. O’Keefe asks a staffer, What if I bought a place for $50,000, but the seller and I agreed to write down $80,000 as the purchase price?</p>
  • NEW BREITBART TAPES (HUD offices)

    03/12/2010 12:35:29 AM PST · by SWAMPSNIPER · 49 replies · 2,124+ views
    RUSTY HUMPHREY SHOW | MARCH 12, 2010 | swampsniper
    Andrew Breitbart was on the Rusty Humphrey Show tonight. He has tapes taken in HUD offices showing HUD employees discussing ways to get loans far over actual property value. He has released them to ABC. No way to predict what ABC will do with them.
  • NY's Cuomo Is 'Father of Subprime Crisis:' Bove

    03/08/2010 3:45:29 AM PST · by CutePuppy · 13 replies · 127+ views
    CNBC ^ | March 03, 2010 | CNBC
    New York Attorney General Andrew Cuomo is the "father of the subprime crisis" and his aggressive attacks on Wall Street could make him dangerous to the banking sector if he becomes the next governor of New York, well-known banking analyst Dick Bove told CNBC. "One of the key reasons why (Fannie Mae and Freddie Mac are] bankrupt today, and why the government is spending hundreds of millions of dollars in supporting them, is because of the edicts pushed through by Mr. Cuomo," said Bove, of Rochdale Securities, in a live interview. "It's also thought by many that the hundreds of...
  • City agency halts church services at public housing unit...

    03/06/2010 11:28:14 AM PST · by TaraP · 37 replies · 928+ views
    AP ^ | March 6th, 2010
    <p>DALLAS - A Dallas church that has held Sunday worship service at a public housing apartment complex for the elderly for 14 years has been ordered to stop.</p> <p>Dallas Housing Authority president MaryAnn Russ told the Dallas Morning News that the church services violate separation of church and state and the agency's contract with the U.S. Department of Housing and Urban Development, which funds public housing programs.</p>
  • Prosecutor, Charge Thyself (Cuomo's role in the meltdown)

    02/08/2010 3:00:02 AM PST · by The Raven · 10 replies · 498+ views
    The Wall St Journal ^ | Feb 8, 2010 | editorial
    ... Entitled, "Highlights of HUD Accomplishments 1997-1999," the document chronicles the "accomplishments under the leadership of Secretary Andrew Cuomo, who took office in January 1997." View Full Image Associated Press Andrew Cuomo .HUD's Web visitors learn that in 1999 "Secretary Cuomo established new Affordable Housing Goals requiring Fannie Mae and Freddie Mac—two government sponsored enterprises involved in housing finance—to buy $2.4 trillion in mortgages in the next 10 years. This will mean new affordable housing for about 28.1 million low- and moderate-income families. The historic action raised the required percentage of mortgage loans for low- and moderate-income families that the...
  • Merry Christmas from the IRS

    12/24/2009 2:04:51 PM PST · by Delacon · 8 replies · 840+ views
    CATO ^ | December 24, 2009 | Daniel J. Mitchell
    Here are a few stories to bring holiday cheer for taxpayers. First, we have an Associated Press report that several hundred thousand federal bureaucrats have serious tax delinquencies. The Department of Housing and Urban Development always ranks high on the list of government entities that should be abolished, so it’s interesting to see that HUD bureaucrats are most likely to be dodging their taxes: More than 276,000 federal employees and retirees owed back income taxes as of Sept. 30, 2008, according to data from the Internal Revenue Service. The $3.04 billion owed was up from $2.7 billion owed by federal...
  • George Soros and America's Coming Election Crisis (Part 1)

    07/16/2004 5:55:38 PM PDT · by Richard Poe · 109 replies · 12,902+ views
    RichardPoe.com ^ | July 16, 2004 | Richard Poe
    <p>IF YOU ENJOYED the election crisis of 2000, you’re going to love what Democrat leaders are cooking up for November.</p> <p>"George Soros has purchased the Democratic Party," charges Republican National Committee spokeswoman Christine Iverson. (2) Some might dismiss Miss Iverson's comment as hyberbole. However, Soros' massive soft-money contributions have indisputably given him power over Democrat strategy.</p>
  • House Republicans Blast Democrats, Obama Over Alleged ACORN Ties (File a Federal lawsuit)

    12/02/2009 4:44:01 AM PST · by tobyhill · 10 replies · 891+ views
    Fox News ^ | 12/2/2009 | Lee Ross
    A handful of House Republicans did their best on Tuesday to shame Democrats and the Obama administration for its supposed connections to the controversial anti-poverty group ACORN. Republicans also voiced complaints that Democrats are not moving forward with investigations into the organization that is alleged to have committed widespread voter fraud to support Democratic candidates, in violation of the group's tax-exempt status. "ACORN is a wholly-owned subsidiary of the Democratic Party," Rep. Darrell Issa, R-Calif., said at Tuesday's two-hour long partisan forum attended by eight Republicans but no Democrats. Another source of frustration for Republicans is a legal decision from...