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Shaun Donovan

HUD Requests $46 Billion-Plus Budget for 2015

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U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan has unveiled HUD’s fiscal year 2015 budget proposal. This year The President’s Budget provides a roadmap for accelerating economic growth, expanding opportunity for all Americans, and ensuring fiscal responsibility.Click to continue

HUD to Inject $120 Million into Funding for Housing for the Disabled

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To help prevent thousands of people with disabilities from experiencing homelessness or unnecessary institutionalization, the U.S. Department of Housing & Urban Development (HUD) has announced the availability of approximately $120 million in funding for state housing agencies to provide long term project-based rental assistance to extremely low-income persons with disabilities, many of whom are transitioning out of institutional settings or are at high risk of homelessness.   Click to continue

Public Housing Authorities Receive $57 Million in HUD Support

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The U.S. Department of Housing & Urban Development (HUD) awarded nearly $57 million in grants to help residents receiving housing assistance through the Housing Choice Voucher Program to gain access to education, job training and employment. HUD’s Housing Choice Voucher Family Self-Sufficiency Program (HCV-FSS) helps public housing authorities across the country to hire or retain more than one thousand service coordinators who will work directly with families to connect them to the supportive services that meet their individual needs and to become gainfully employed.Click to continue

FHA Still Not Out of the Red: Mutual Mortgage Insurance Fund Gains $15 Billion Over Last Year

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The U.S. Department of Housing & Urban Development (HUD) has released its annual report to Congress on the financial condition of the Federal Housing Administration (FHA) Mutual Mortgage Insurance (MMI) Fund. The independent actuarial report shows that FHA’s Mutual Mortgage Insurance Fund (MMIF) has gained $15 billion dollars in value over the last year and now stands at negative $1.3 billion. The current capital ratio is negative 0.11 percent.Click to continue

Servicers Still Not Living Up to Monitor's Mandates

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Joseph A. Smith Jr., Monitor of the National Mortgage Settlement (NMS), has released a summary of five compliance reports he filed with the U.S. District Court for the District of Columbia.Click to continue

HUD Announces Recipients of Choice Neighborhood Planning Grants

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U.S. Housing & Urban Development (HUD) Secretary Shaun Donovan announced that nine communities across the U.S. will receive Choice Neighborhoods Planning Grants. The $4.37 million awarded provides these communities the resources they need to craft comprehensive, community-driven plans to revitalize and transform public or other HUD-assisted housing and distressed neighborhoods. Read more about these local planning efforts.Click to continue

HUD Advances To Stage Three of Rebuild By Design competition

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The U.S. Department of Housing & Urban Development (HUD) announced the project opportunities that will be pursued by each of the 10 teams advancing to Stage Three of the Rebuild by Design competition. Each team will now spend the next five months working with local and regional stakeholders in developing projects and design approaches to increase resilience in the region affected by Hurricane Sandy. The goal is to arrive at projects that are implementable and fundable, leveraging the variety of federal recovery investments being made in the region.Click to continue

One Year After Hurricane Sandy, HUD Dedicates $5 Billion More Toward Recovery

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One year after Hurricane Sandy devastated coastal communities in the Northeast, the U.S. Department of Housing and Urban Development (HUD) allocated a combined $5 billion through a second round of recovery funds to five states and New York City. Provided through HUD’s Community Development Block Grant (CDBG) Program, these recovery funds will assist impacted communities to meet remaining housing, economic development and infrastructure needs.Click to continue