Skip to main content

HUD Advances To Stage Three of Rebuild By Design competition
Nov 14, 2013

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. Rebuild by Design was initiated by President Obama’s Hurricane Sandy Rebuilding Task Force as an unprecedented multi-stage regional design competition with a goal of rebuilding areas affected by Hurricane Sandy to be more resilient, sustainable, and livable. The competition has stimulated regional, cross-disciplinary collaboration between state and local governments, international design teams, educational institutions, and the public. Funding for the administration of Rebuild by Design has come from The Rockefeller Foundation, Community Foundation of New Jersey, and other philanthropic and non-profit institutions and shows how private groups can help leverage the resources of the federal government for the good of the public.  “The Rebuild by Design competition is bringing forward thinking and innovative ideas to help the region impacted by Hurricane Sandy rebuild even stronger than before,” said HUD Secretary Shaun Donovan. “As we continue coping with our changing climate, the resulting projects will not only make communities more resilient and sustainable, but also be a model of how we can better prepare for future natural disasters.” “The projects designated by Secretary Donovan to move forward in the Rebuild by Design process define building resilience. Each is thoughtful, innovative and will ultimately inform development in locations facing similar challenges,” said Dr. Judith Rodin, president of The Rockefeller Foundation. “The ten teams bring together an amazing array of talents and expertise that in concert completely re-imagine how we approach, talk about and execute projects along the shore and in cities. The Rockefeller Foundation is focused on helping communities build greater resilience to shocks and stresses and we are proud of our involvement in this seminal undertaking.” "This is an important moment for our state and region,” said Hans Dekker the president of the Community Foundation of New Jersey. “We have to take this opportunity to rebuild in the smartest and most resilient manner. Rebuild by Design allows us to have the best thinking in the world brought to bear on that challenge." "The ten teams selected for the Rebuild by Design competition were comprised of architects, landscape architects, engineers and thinkers all of who worked in the interest of our city and our region,” said Jill N. Lerner, FAIA, President, AIANY and Lance Jay Brown, FAIA, president-elect, AIANY. “The AIA New York Chapter commends the Department of Housing & Urban Development and the finalists for concentrating on the implementation of scalable proposals and buildable ideas that, in HUD Secretary Shaun Donovan's words, ‘will save lives and protect communities.’ New York City is still recovering from the devastation of Hurricane Sandy, and the Rebuild by Design competition helps enormously to restore confidence that intelligent architecture and cogent planning can create safe, sustainable and resilient communities for the 21st century." "Extraordinary challenges often inspire innovative solutions,” said Paul Farmer, FAICP, chief executive officer, American Planning Association. “This Rebuild by Design initiative has captured the passion and creativity of design professionals whose collaborations have produced solutions that are both visionary and pragmatic, and the result will surely be a more resilient region." "Hurricane Sandy showed that social vulnerabilities are very much tied to economic and physical vulnerabilities across the region. Rebuild by Design aims at bridging the gap between these and reconnecting people and places,” said Henk Ovink, former Director General for Spatial Planning and Water Affairs of the Netherlands, Principal for 'Rebuild by Design' and Senior Advisor to Secretary Donovan, Sandy Task Force / HUD. “The overall research the ten teams accomplished builds towards an inspiring new narrative of resilience for this region. And the proposed projects are only the beginning of a new standard in embracing the future. This collaborative process demonstrates that real regional resilience can be achieved by new coalitions that bridge the barriers between sectors, communities and governments, connecting on the ground urgencies with ambitious goals and long term perspectives and through inspiration, innovation and design."
Nov 14, 2013
Fitch Places Fannie, Freddie On Negative Ratings Watch

Ties credit rating to outcome of U.S. debt limit negotiations.

FHFA Director Strongly Defends New GSE Pricing Framework 

Tells House committee it’s “simply not true” that financially stronger borrowers are subsidizing others.

MBA CEO Criticizes Government Response To Economic Challenges

CEO Bob Broeksmit calls for sensible Regulation, clarity, and support for the mortgage industry.

Freddie Mac Updates Income Assessment Tool To Use Digital Pay Stubs

Says new capability helps lenders calculate borrower income more quickly and precisely.

MISMO Seeks Comment On Updated Closing Instructions Format

The new set of enhanced work products designed to create a common format for closing instructions. 

Fannie Mae Executes 5th Credit Insurance Risk Transfer Of 2023

Covered loan pool includes about 53,000 single-family mortgage loans with a UPB of approximately $18.1 billion.