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Shaun Donovan

HUD Speeds Disaster Relief in Connecticut for Hurricane Sandy Victims

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U.S. Department of Housing & Urban Development (HUD) Secretary Shaun Donovan has announced that HUD will speed federal disaster assistance to the State of Connecticut and provide support to homeowners and low-income renters forced from their homes due to Hurricane Sandy. President Obama issued a disaster declaration for Fairfield, Middlesex, New Haven and New London Counties of Connecticut. The declaration also includes Mashantucket Pequot Indian Reservation.Click to continue

HUD Announces Foreclosure Protection for Victims of Storm in Connecticut

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U.S. Department of Housing & Urban Development (HUD) Secretary Shaun Donovan has announced that HUD will speed federal disaster assistance to the State of Connecticut and provide support to homeowners and low-income renters forced from their homes due to Hurricane Sandy.Click to continue

More Than 500 Charged in First Actions by the Distressed Homeowner Initiative

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U.S. Attorney General Eric Holder, U.S. Department of Housing & Urban Development (HUD) Secretary Shaun Donovan, FBI Associate Deputy Director Kevin L. Perkins, and Federal Trade Commission (FTC) Chairman Jon Leibowitz have announced the results of the Distressed Homeowner Initiative, a nationwide effort to target fraud schemes that prey upon suffering homeowners.Click to continue

FTC Takes Action to Enforce Federal Distressed Homeowner Initiative

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The Federal Trade Commission (FTC) has filed three separate suits in federal court to halt the allegedly deceptive tactics of three operations that preyed on distressed homeowners by falsely claiming they could save their homes from foreclosure, and then charging them thousands of dollars upfront, while delivering little or no help and often driving them deeper into debt.

“With many homeowners still struggling to hold onto their homes, the FTC takes a hard line against con artists who are seeking their next victim,” said Jon Leibowitz, chairman of the FTC.Click to continue

Study Finds Affordable Housing Remains Just That ... Affordable

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Since its inception, the nation’s Low-Income Housing Tax Credit (LIHTC) Program helped produce more than 2.2 million affordable apartments, accounting for roughly one-third of all multi-family rental housing constructed between 1987 and 2006. A new report by the U.S. Department of Housing & Urban Development (HUD) finds that after an initial 15-year required "affordability period," the vast majority of these LIHTC properties remain affordable for working families.Click to continue

HUD Accepting Apps for the Purchase of Former FHA-Insured Distressed Loans Pools

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Qualified entities interested in purchasing pools of severely distressed loans formerly insured by the Federal Housing Administration (FHA) can now submit applications for the Distressed Asset Stabilization Program, an expansion of an FHA disposition program that sells pools of defaulted mortgages headed for foreclosure and provides the opportunity for the purchaser and borrower to avoid a costly foreclosure.Click to continue

Obama Administration Announces Enhanced FHA Note Sale Initiative to Combat Rise in Shadow Inventory

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Thousands of borrowers severely delinquent on loans insured by the Federal Housing Administration (FHA) will have help from a new program that explores affordable mortgage solutions or achieve a favorable resolution under an enhanced government note sale program. In a press conference held at the 2012 Clinton Global Initiative America Meeting, U.S.Click to continue

HUD Launches New eCon Planning Suite

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It used to be that the U.S. Department of Housing & Urban Development (HUD) would require more than 1,200 cities, counties and states to undergo a paper-based, time-intensive and costly planning process as a condition of receiving billions of dollars in federal funding. No more. Today, HUD is launching the eCon Planning Suite, a set of 21st Century data and technology tools to help communities ensure that scarce federal dollars are targeted to where they are needed most and can achieve the biggest impact.Click to continue

Maurice Jones Sworn in as New HUD Deputy Secretary

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Maurice Jones has been sworn in as the Deputy Secretary of the U.S. Department of Housing & Urban Development (HUD). Jones was confirmed by the U.S. Senate on March 29, 2012. As the second most senior official at HUD, Jones will be charged with managing HUD's day-to-day operations, a nearly $47 billion annual operating budget, and the agency's 8,900 employees.Click to continue