Category: News from HUD

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DONOVAN ANNOUNCES $65 MILLION IN AVAILABLE FUNDING TO SUPPORT COMMUNITY DEVELOPMENT IN INDIAN COUNTRY

By HUD Press Releases on Aug 31, 2010 in News from HUD

SIOUX FALLS, SD – U.S. Housing and Urban Development Secretary Shaun Donovan traveled to a Native American community in South Dakota today to announce $65 million in available funding to support a variety of community development and affordable housing production in Indian country throughout the U.S. Donovan made the announcement following a tour of the Rosebud Reservation in South Dakota with Senator Tim Johnson.

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ON THE ROAD FROM RECOVERY TO REVITALIZATION

By HUD Press Releases on Aug 26, 2010 in News from HUD

Five years ago, one of the most destructive natural disasters in our nation’s history hit the Gulf Coast. When they hit the coasts of Louisiana and Mississippi, Hurricanes Katrina and Rita took thousands of lives, displaced millions of residents, wiped out hundreds of square miles of coastal land, and inflicted major damage to nearly 300,000 homes.

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HUD AWARDS $312 MILLION IN DISASTER RECOVERY GRANTS TO HELP STATES REDUCE DAMAGES FROM FUTURE DISASTERS

By HUD Press Releases on Aug 26, 2010 in News from HUD

WASHINGTON – U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today awarded nearly $312 million to 13 states to invest in efforts to reduce the human, physical, and economic toll of future disasters. The grants announced today are provided through HUD’s Disaster Recovery Enhancement Fund (DREF) and are intended to encourage states to undertake activities and long-term strategies that focus on reducing damages from future natural disasters.

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HUD ANNOUNCES $189 MILLION AVAILABLE TO REVITALIZE COMMUNITIES

By HUD Press Releases on Aug 25, 2010 in News from HUD

WASHINGTON – The U.S. Department of Housing and Urban Development announced today that it is making $189 million in grants available to transform public and assisted housing and to revitalize communities. Appearing in today’s Federal Register are the Notices of Funding Availability, the federal application, for two revitalization initiatives: The Choice Neighborhoods FY 2010 and the HOPE VI FY 2010. Both applications can be accessed at www.grants.gov.

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OBAMA ADMINISTRATION HOUSING SCORECARD SHOWS CONTINUED PROGRESS IN HOUSING MARKET, BUT CHALLENGES REMAIN

By HUD Press Releases on Aug 20, 2010 in News from HUD

WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the August edition of the Obama Administration’s Housing Scorecard (www.hud.gov/scorecard), a comprehensive report on the nation’s housing market. In July, housing prices remained level after 30 straight months of decline, while some price predictions have improved. In addition, historic low interest rates continued to promote home affordability and refinancing options for the nation’s families. However, the market remains fragile with foreclosure starts showing a slight increase and serious delinquencies continuing to work through the pipeline.

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