U.S. Department of Housing & Urban Development (HUD) Secretary Shaun Donovan announced that HUD will speed federal disaster assistance to the State of Oklahoma in addition to resources being provided by Federal Emergency Management Agency (FEMA) and other federal partners.  HUD will provide support to homeowners and low-income renters forced from their homes due to tornadoes and severe storms.Click to continue

The nation’s largest mortgage servicers have distributed $50.63 billion in direct relief to over 620,000 homeowners, or roughly $81,000 per homeowner as part of the National Mortgage Settlement, according to a progress update released by independent settlement monitor Joseph A. Smith of the Office of Mortgage Settlement Oversight. Over one year ago, the Department of Justice (DOJ), U.S.Click to continue

U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan announced HUD’s approval of New York City’s disaster recovery plan to help homeowners and businesses following Hurricane Sandy.  Funded through HUD’s Community Development Block Grant (CDBG) Program, New York City’s action plan calls for a combined $1.77 billion investment in a variety of housing, infrastructure and business recovery activities.Click to continue

U.S. Department of Housing & Urban Development (HUD) Secretary Shaun Donovan announced a second round of grants for more than 500 local homeless housing and service programs across the U.S, provided through HUD’s Continuum of Care Program. This year, HUD challenged local communities to reexamine their response to homelessness and give greater weight to proven strategies, from providing ‘rapid re-housing’ for homeless families to permanent supportive housing for those experiencing chronic homelessness.Click to continue

U.S. Department of Housing & Urban Development (HUD) Secretary Shaun Donovan has announced HUD’s approval of New Jersey’s disaster recovery plan to help homeowners and businesses following Hurricane Sandy.Click to continue

U.S. Sen. Barbara Boxer (D-CA) has urged federal officials to launch an investigation of reports that banks are failing to comply with the terms of the Nationwide Mortgage Servicing Settlement, and to take action to ensure that banks live up to their legal obligations to consumers. In a letter to Servicing Monitoring Committee members Attorney General Eric Holder, Secretary of the U.S.Click to continue

U.S. Housing and Urban Development Secretary Shaun Donovan released details of the Obama Administration’s proposed Fiscal Year 2014 HUD Budget, a plan that seeks to protect the rental housing and homeless assistance for millions of extremely poor Americans while increasing investments in key initiatives to serve some of the nation’s most distressed neighborhoods.Click to continue

U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan and Melanie Schultz van Haegen, the Kingdom of the Netherlands’ Minister of Infrastructure and the Environment, have signed an agreement pledging closer cooperation between their two countries on issues related to disaster mitigation, sustainable and integrated planning and water management infrastructure.Click to continue

The nation’s largest mortgage servicers have distributed $45.83 billion in direct relief to over 550,000 homeowners, or roughly $82,000 per homeowner as part of the National Mortgage Settlement, according to a progress report released by independent settlement monitor Joseph A. Smith of the Office of Mortgage Settlement Oversight.Click to continue

U.S. Housing and Urban Development Secretary Shaun Donovan, who also chairs President Obama’s Hurricane Sandy Rebuilding Task Force, has announced that the Federal Housing Administration (FHA) will speed the approval of applications of multifamily apartment owners in New York and New Jersey seeking to refinance their mortgages, substantially rehabilitate their properties or construct new developments in areas impacted by Hurricane Sandy.Click to continue