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Urban Areas Get Biggest Piece of PieExpress Buzz
At 4748.80 crore, the 15 per cent sectoral allocation for urban development is the highest sectoral allocation in the state Budget presented on Friday; ...
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HUD Addresses Root Causes of Foreclosure Crisis
DSNews.com
As mandated by the Housing and Economic Recovery Act of 2008, HUD recently released a report to Congress addressing the root causes of the foreclosure ...
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Unemployment, Speculators Exacerbating Jersey’s City’s Foreclosure
The Jersey City Independent
JCECDC received a neighborhood stabilization grant from Jersey City to purchase foreclosed properties and sell them to working class families. ...
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Florida Lags in Spending Federal Housing Funds
Tampa Tribune
...communities in Florida had earmarked 28 percent of more than $541 million they received last spring from the Neighborhood Stabilization Program. ...
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Florida Lags in Spending Federal Housing Funds
Tampa Tribune
...communities in Florida had earmarked 28 percent of more than $541 million they received last spring from the Neighborhood Stabilization Program. ...
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Dallas-Area Housing Stimulus Effort Slow to Spend $25 Million
Dallas Morning News
... Program money – about $2 million – has been spent, according to the US Department of Housing and Urban Development, which oversees the program. ...
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Orange County to Consider Economic Development Plan Tuesday
Orlando Sentinel
Rybolt wants commissioners to extend the legal boundary for urban development across the river. Its representatives are waging an intense lobbying effort in ...
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Home-Saving Loans Afoot
Wall Street Journal
Because such "underwater" borrowers often feel little incentive to keep paying, "homeowners are increasingly deciding to walk away and thus foreclosures ...
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Solutions Aren’t Easy for Underwater Mortgages
Detroit Free Press
Proponents of this solution argue that it is more costly to continue the cycle of foreclosures. But lenders would face large losses if they wrote down large ...
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Aldermen Will Detail Foreclosure Plan
WGNtv.com
Chicago alderman will announce details this morning about a plan to help ease the burden of foreclosures in the Chicago area using Tax Increment ...
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Foreclosures: An Added Challenge for Census
Columbus Dispatch
The US Census Bureau acknowledges that foreclosures are a people-counting problem, but says there's little they can do other than encourage people to fill ...
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Program Will Pay Homeowners to Sell at a Loss
New York Times
For the administration, there is also the concern that millions of foreclosures could delay or even reverse the economy's tentative recovery — the last ...
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Homeownership Still Shines, Despite Foreclosure Cloud
Boston Globe
... to throw out the idea of homeownership, despite the market meltdown that has seen millions lose out to foreclosure. ...
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Help for First-Time Buyers
New York Times
Carol DeRosa, the administrator of residential mortgage programs at Connecticut's Housing Finance Authority, said that as with the affordable-housing ...
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N.J. Affordable Housing Advocates Object to Proposed Low-Income Housing Rules
The Star-Ledger-NJ.com
The Star-LedgerExterior view of the HELP USA JBJ Soul Homes in Newark, which has 51 units of affordable housing. ...
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HAMP Has Not Prevented Foreclosures, Realtors Say
Credit.com News
The majority of realtors do not think the federal government's loan modification program has reduced foreclosures in their region, ...
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Fast Evictions Adding to Pain of Phoenix Home Foreclosures
Arizona Republic
Homes that fall into foreclosure in Phoenix are sold at a public auction. The highest bidder becomes the new owner. ...
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N.J. Affordable Housing Back to Basics with Governor’s Task Force
NewJerseynewsroom.com
Former state senator Marcia Karrow told the Assembly Housing and Local Government Committee in Trenton that the Council on Affordable Housing, ...
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HUD Fights Loan Modification Scams
About- News & Issues
The Department of Housing and Urban Development (HUD) has just launched PreventLoanScams.org, a Web site dedicated to helping Americans recognize the many ...
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Pasco’s Property Appraisal Guidelines for Neighborhood Stabilization Program
TampaBay.com
Pasco's Community Development Division has been recognized widely for its handling of the county's $19.5 million share of the Neighborhood Stabilization ...
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Loomis Mayor Proactive in Foreclosures
KCRA Sacramento
Thousands of Californians in danger of foreclosure are trying to get their home loans modified. But Loomis Mayor Gary Liss is trying his best to keep people ...
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Stimulus in Action: Federal Officials Tour Oakland Sites
Oakland Tribune
The city of Oakland hosted officials from the White House, the United States Housing and Urban Development (HUD), and the United States Transportation ...
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San Francisco Home Foreclosures Pushed Up Total Sales
International Business Times
San Francisco home foreclosures pushed up total home sales in December last year, based on data from a San ...
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Foreclosures in South Florida Slowing
Miami Herald
Lenders filed 19 percent fewer foreclosure actions in South Florida in February compared to a year earlier, but the current pace of defaults for the month ...
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Loan Modification is an Effective Way to Avoid Foreclosure
Pressitt
Foreclosure spells doom by the way of loss of house, wrecks an individual's financial health and seriously damage future borrowing ability as well. ...
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Foreclosure Petitions Drop in January
Boston Globe
The number of foreclosures started by lenders in Massachusetts during January dropped to the lowest level in more than a year, said the Warren Group, ...
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City Creating Option for Affordable Housing Credits
Aspen Daily News
City planners feel that the option to buy a “Certificate of Affordable Housing Credit” “would become the most desirable option to achieve community housing ...
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Fort Lauderdale Leaders to Talk Affordable Housing on Tueday
Broward Politics
Fort Lauderdale city commissioners will meet Tuesday with the city's Affordable Housing Advisory Committee. The workshop is open to the public, ...
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Parties at Odds On Affordable Housing
ABC Online
Labor has criticised the Liberals for pledging to scrap affordable housing in new residential developments, if elected in South Australia on March 20. ...
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Iowa City Council Says No to Affordable Housing Policy
KCRG
A split City Council said Monday night that it does not, at this time, want to require developers to include affordable housing ...
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An Essential Fix
New York Times
The recession dealt a devastating blow to the post-Katrina rebuilding effort in the Gulf states, where scores of affordable housing projects have been ...
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Wells Fargo Becomes East Palo Alto’s Largest Landlord
San Jose Mercury News
Wilkinson said Wells Fargo has begun talks with BRIDGE Housing, a San Francisco-based nonprofit that develops and finances affordable housing projects, ...
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Calculating Poverty in New York: More by City Standard, and Less by Federal One
New York Times
The city's analysis cited the profound impact of public housing and rent subsidies in concluding that “access to the affordable housing provided by public ...
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Fox Valley Briefs
Chicago Daily Herald
... are going to provide reports on the new Elgin Police ROPE house on West Chicago Street as well as the city's Neighborhood Stabilization Program. ...
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It’s A Dirty Business: Development on the Urban Fringe
ABC Local
"There hasn't been enough urban development in Sydney generally, including on our urban fringe. In fact, at the moment, apartment development is at record ...
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HUD Awards $5.1 Million for Self-Help Homes
Seattle Daily Journal of Commerce
The US Department of Housing and Urban Development last week awarded more than $5.1 million to Community Frameworks for ...
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$126.9 Billion and Counting
Wall Street Journal
"Through this prolonged stress in the housing market, we are helping homeowners across the country, supporting affordable housing, and providing financing ...
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Dont’ Backslide on Affordable Housing
North Jersey.com
True access to safe, decent and affordable housing is a sign of a society that is rooted in justice and committed to the common good. ...
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Stimulus Can’t Slow Black Foreclosures
New California Media
“They should have subsidized people who were close to foreclosure or in foreclosure so they could keep their homes right away.” According to Realty Trac, ...
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Foreclosures Can Put Dream Homes in Reach
The Tennessean
The subdivision has eight short sales or foreclosures on the market out of 211 homes, said Keller Williams affiliate broker Tamara Ludlam, who listed the ...
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More Homeowners May Start to Walk Away
Baltimore Sun
That could spell trouble for lenders that are expecting as many as 7 million additional foreclosures by the end of 2011. While some of the expected 5.1 ...
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Lawmaker Wants TARP Money Expanded to Ohio
Chillicothe Gazette
The president announced that Troubled Asset Relief Program money would be used to help five states hit the hardest by foreclosures: Arizona, California, ...
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Foreclosure Crisis Hits Affluent Towns
Boston Globe
The foreclosure auction was still an hour away, but potential buyers were already circling the Baird ...
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In New Jersey, No Consensus on Foreclosure Program
New York Times
Facing foreclosure, from left, are houses in Madison, Bloomfield and Clifton. The state's overall rate remains low. ...
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Fighting Foreclosure
Washington Post
THE OPTIMUM policy for the home foreclosure crisis is to modify the loans of as many distressed homeowners as possible. Making mortgage terms more ...
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Wrecking Ball or Mothball?
Fort Wayne Journal Gazette
The city community development department applied for a $62.1 million federal neighborhood stabilization grant and planned to use $4.8 million of it to tear ...
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Local Housing Amongst Lead Affordable in US
Santa Maria Times
Central Coast residents are living in some of the least affordable housing areas in the United States. Those looking for more affordable housing will have ...
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Changes Coming in East Pasco
Tampa Tribune
Of the nearly 220 foreclosed homes purchased through the Neighborhood Stabilization Program, fewer than 30 are in East Pasco. That's about to change. ...
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Fox Valley Briefs
Chicago Daily Herald
... are going to provide reports on the new Elgin Police ROPE house on West Chicago Street as well as the city's Neighborhood Stabilization Program. ...
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Realtors, Developers Struggle to Meet Housing Demand
Clovis News Journal
“We are working with the community through the Housing Task Force to ensure that safe, affordable housing ... is being built for our airmen in the ...
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Fixing the Homeowner Default Trap
Boston Globe
And, if a family moved at any point, the nonprofit-owned home would remain as permanently affordable housing for future households. ...
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Vacant Building to Become Affordable Housing
Arizona Republic
A vacant, nondescript brick building that has been home to charter schools and offices will be razed and turned into affordable housing ...
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Concerted Efforts Key to Sustainable Urban Development
TODAY Newspaper
According to him, sustainable urban development is a challenge, which could, if well addressed, provide resources upon which individuals, families, ...
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Federal Housing Agency Studies Discrimination Against LGBT Communities.
Chicago Publi Radio
The US Department of Housing and Urban Development, or HUD, is working on a sexual orientation housing study. Officials came to Chicago on Thursday to hear ...
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Turner Releases Report on Housing and Foreclosure Crisis
Times Community Newspapers on Greater Dayton
... improving the Neighborhood Stabilization Program (NSP) and building local organizational capacity in distressed communities; and rethinking the impact ...
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Deadline Nears to Spend Federal Housing Funds
Middletown Journal
The federal grant came through the Neighborhood Stabilization Program, created in 2008 to combat blight and foreclosure “through the purchase and ...
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Feds to Send $1.3 Million to Fight Las Vegas Foreclosure
Las Vegas Sun
The city, county and other local governments were turned down, in part, because their existing Neighborhood Stabilization Programs were struggling. ...
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County Will Buy, Rehab Foreclosed Homes for Sale
Gainesville Sun
The funding comes through the Neighborhood Stabilization Program, which the Housing and Economic Recovery Act of 2008 established. ...
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Businesses Use Grants for Upgrades
Altavista
Some of it also served as matching dollars for the Community Development Block Grant building improvements in downtown. A joint Altavista Town Council and ...
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Lakewood Fairing Well in Tough Times, Say Officials
Long Beach Press-Telegram
When Lakewood was founded, houses were being built and young families were moving in, said Sonia Southwell, Acting Director of Community Development in the ...
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Text: Ficano’s State of the County Address
The Detroit News
... Bank and Nuisance Abatement Program are working together to redevelop our communities using $26 million in federal Neighborhood Stabilization Funds. ...
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An Untapped Source of Green Rental Homes
Center For American Progress
So just as under the Neighborhood Stabilization Program, which provides funds to local governments and nonprofit groups to buy and rehab REO properties in ...
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Bailing Out Foreclosed Homes, One at a Time?
The Courier News
You see, using the cash from a $2.16 million federal Neighborhood Stabilization grant, it just bought six foreclosed homes, with another four to eight in ...
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Foreclosure Rates Double in Wood County
WTOL.com
DiSalle says the Neighborhood Stabilization Program (NSP) offers up to 20 percent of the homes purchase price for down payment assistance, ...
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Metro Report
Palm Beach Post
Neighborhood improvements: Accepted a $50 million neighborhood stabilization grant from the US Department of Housing and Urban Development. ...
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County Program Focuses on Reselling Foreclosed Homes
WWSB ABC 7
Sarasota County's Neighborhood Stabilization Program is trying to change that. It's easy to find homes that have been boarded up and left vacant for more ...
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City Wants to Create Jobs Rehabbing Neighborhoods
Journal Times
The City of Racine has received $1.2 million in additional Neighborhood Stabilization Program funds. Some of the money will be used to demolish three ...
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Mayor Bloomberg’s Affordable Housing Plans Shift from 92,000 to 60,000 Units
New York Daily News
Mayor Bloomberg says he won't back down from plans to create or preserve 165,000 affordable housing units by 2014 - but he has had to shift ...
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Oak Land Trust to Offer Affordable Housing Option in Wake of Foreclosures
San Jose Mercury News
... nonprofit granted $5 million by the City Council in April 2009 to buy, renovate and sell 200 foreclosed homes as affordable housing. ...
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Foreclosures, Past-Due Mortgages Both Rise: Report
Collections and Credit Risk
Loans in foreclosure rose to 4.58% of all mortgages, while those more than 90-days overdue - when lenders usually begin the process of seizing a property ...
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Foreclosures, Defaults Fall, But Analysts Urge Caution
San Diego Union Tribune
For a ZIP code breakdown of foreclosures and defaults in San Diego County in January, go to uniontrib.com/jan10defaults. Foreclosures and defaults ...
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U.S. Weighs Changes to Mortgage-Relief Program
Wall Street Journal
Under the proposals, loan-servicing companies, which collect payments and handle foreclosures, would have to give borrowers 30 days to respond after being ...
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DPC Special Report- The Recovery Act at One Year: Creating Jobs and Boosting…
American Chronicle
The Department of Housing and Urban Development has been aggressive in its goals for this program and has rehabbed or developed 143,422 units across three ...
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Realities of Real Estate: Thinking About Rehabbing a Home?
Annapolis Capital
The Federal Department of Housing and Urban Development (HUD) provides for a special type of loan program where you can roll into one mortgage the cost of ...
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Foreclosures Expected to Continue
SouthCoastToday.com
Frank said he will meet with officials from the US Department of Housing and Urban Development and the Treasury to discuss what he sees as an impediment: ...
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Mortgage Relief Funds Headed to California
San Francisco Chronicle
That same criticism has been lobbed at the administration's year-old response to the housing crisis, the Home Affordable Modification Program. ...
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‘Very Fortunate:” State, Local Foreclosure Rates Still Low
Alexandria Town Talk
Roz Allemond hasn't seen the type of foreclosure activity locally one might expect given ...
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Job Woes Add to County’s Foreclosure Problems
Bloomington Pantagraph
There were about 515 new foreclosure filings in McLean County in 2009, up 15 percent from 2008 and 32 percent from 2006, according to circuit clerk records. ...
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Obama Unviels Mortgage Plan to Help California, 4 Other States
Los Angeles Times
His steps to prevent home foreclosures were aimed especially at Nevada...
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A Step Toward Reducing Foreclosures
Baltimore Sun
O'Malley's mandatory mediation bill wouldn't solve Maryland's foreclosure crisis, but it would help In many respects, Maryland is weathering the recession ...
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On the Market: Buying Foreclosed Property
Los Angeles Times
The map-based system allows subscribers to track foreclosures throughout California and the West Coast with 60 criteria (lender, value and map, for example) ...
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US Home Loans Foreclosures Reach Record High
Financial Times
Delinquency and foreclosure rates among US homeowners climbed to their highest levels on record in the fourth quarter of ...
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US Home Loans Foreclosures Reach Record High
Financial Times
Delinquency and foreclosure rates among US homeowners climbed to their highest levels on record in the fourth quarter of ...
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Making Public Housing Public
CityLimits.org
Even the secretary of the federal Department of Housing and Urban Development, Shaun Donovan, says projects create “whole neighborhoods of concentrated ...
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Race Is On to Build Energy Park
Tampa Bay Business Journal
Extending the urban service boundary, the line that divides more dense urban development with less dense rural development, would increase adjacent building ...
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US Department of Housing and Urban Development Gets New CFO
Housing Wire
Doug Criscitello became the new chief financial officer of the US Department of Housing and Urban Development (HUD) this week. ...
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Despite Recent Economic Downturn, New Study Finds Bay Area Housing…
RealEstateRama
Given this growth, Priced Out estimates that the Bay Area will face a shortage of at least 6000 for-sale housing units affordable to workforce households by ...
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City Converting Hotels into Affordable Housing
KGTV San Diego
"We will be keeping a covenant on it to keep it for 99 years as affordable housing," said Vakili. Housing at the hotel at its current cost will be available ...
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Foreclosures Level, But Still High
Springfield New Sun
Meadows hopes two federally funded Neighborhood Stabilization Programs that include buying vacant, foreclosed homes, rehabbing them and selling them will ...
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Housing Market Stabilization Best in 18 Years
HULIQ
For 4 and a half years, Indianapolis has shown to be in the market lead for affordable housing, with more than 95 percent homes sold to families with a ...
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Neigborhood Stabilization Funds Available to Township
The Review
... to remove "eyesores" from the area through funding provided by the Neighborhood Stabilization Program (NSP), township trustees announced Tuesday. ...
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Council to Decide Fate of Properties
Marion Star
The demolition is being done under the federal stimulus-funded Neighborhood Stabilization Program. After hearing concerns raised by a Marion resident about ...
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Group Working to Address Rural Housing Issues
RealEstateRama
The Neighborhood Stabilization Program provided funds to purchase foreclosed or abandoned property and to rehabilitate, resell, or redevelop this property ...
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Servicers Nearly Double Permanent HAMP Modifications
DSNews.com
Other initiatives include funding for state and local housing agencies, tax credits for homebuyers, and neighborhood stabilization and community development ...
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Grant Funds Helping City to Revitalize Blanche Addition
The Newark Advocate
The council then turned around and agreed to participate in the Licking County Neighborhood Stabilization Program, which uses federal stimulus dollars to ...
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Neighborhood Stabilization Program Expands Homebuyer Opportunities
Appleton Post Crescent
Federal stimulus funding in a Neighborhood Stabilization Program is opening up ...
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Housing Needs Topic of Thursday Meeting with Bankers, Builders
Daily Comet
In January the Parish Council formed a special committee to partner with bankers and builders to come up with finance options for affordable homes, ...
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WHEDA to Begin Lending Again
DSNews.com
“We want to regain our position as the state's affordable housing leader, and we are ready to do our part to reinvigorate the housing market in Wisconsin. ...
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Tenants’ Rally Tells Banks: ‘Hands Off Our Homes!’
Workers World
In recent years the struggle has turned to preserving “affordable housing” in Manhattan, a borough of New York that is increasingly polarized along economic ...
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Homes Vow
Gulf Daily News
"The partnership with the private sector is a key option to provide affordable housing units," Shaikh Ibrahim said. He stressed that the government had ...
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Solutions Station
National Neighborhood
Solutions Symposium Series
APDS launches its 2009 National Neighborhood Solutions Symposium Series. The 12-city series is targeted to housing and real estate industry professionals to priovide the information and motivation needed to manage successful programs and build stronger businesses in this difficult economy.
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