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HUD

U.S. Department of Housing and Urban Development (HUD) is the nation’s housing agency committed to increasing homeownership, particularly among minorities; creating affordable housing opportunities for low-income Americans; and supporting the homeless, elderly, people with disabilities and people living with AIDS. The Department also promotes economic and community development, and enforces the nation’s fair housing laws.

Contact:

Brian Sullivan
(202) 708-0685

HUD ANNOUNCES AGREEMENT TO SETTLE DISCRIMINATION COMPLAINT AGAINST STATE OF MARYLAND

The U.S. Department of Housing and Urban Development (HUD) today announced an agreement to resolve a discrimination complaint brought by fair housing advocates against Maryland’s Department of Housing and Community Development (DHCD) challenging the fairness of the State’s Low-Income Housing Tax Credit Program.

HUD APPROVES FIRST STAGE OF MARYLAND’S DISASTER RECOVERY PLAN

WASHINGTON, D.C. - August 2, 2013 - (RealEstateRama) -- U.S. Housing and Urban Development (HUD) Mid-Atlantic Regional Administrator Jane C.W.Vincent announced today HUD’s approval of the first stage of Maryland’s disaster recovery plan following Hurricane Sandy. Funded through HUD’s Community Development Block Grant (CDBG) Program, Maryland’s initial recovery plan calls for a $4.4 million investment in a variety of housing and infrastructure activities in Somerset County along the state’s eastern shore. Read Maryland’s disaster recovery plan.

HUD ANNOUNCES FIRST ROUND OF ALLOCATIONS OF HURRICANE SANDY RECOVERY FUNDS TO MARYLAND

WASHINGTON, DC - February 6, 2013 - (RealEstateRama) -- The Department of Housing and Urban Development today allocated over $8 million in Community Development Block Grant (CDBG) Disaster Recovery funding to Maryland, representing the first round of CDBG grants from the Disaster Relief Appropriations Act of 2013signed into law by President Obama on January 29. This is the fastest HUD has allocated CDBG funding to grantees following the passage of a funding bill.

FHA SUSPENDS EQUITABLE TRUST MORTGAGE CORP.

WASHINGTON, DC - December 8, 2009 - (RealEstateRama) -- The Federal Housing Administration (FHA) today announced that it is immediately suspending Equitable Trust Mortgage Corporation (ETM) of Baltimore, Maryland, thereby preventing the Company from originating and underwriting new FHA-insured mortgages. FHA is imposing this action because ETM improperly overcharged 37 borrowers for broker and loan origination fees in excess of what the U.S. Department of Housing and Urban Development currently allows. HUD discovered that these unauthorized fees were charged to a substantially greater percentage of minority borrowers (68 percent) than non-minorities.

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Federal, State and Local Housing Officials Celebrate Opening of Senior Rental...

Montgomery County Executive Isiah Leggett today took part in the ribbon cutting ceremony for The Bonifant at Silver Spring, a mixed-income 11-story apartment building with 149 units for seniors age 62 or older

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Maryland Real Estate Flipper Sentenced To Prison for Obstructing IRS and...

A Maryland man who bought, improved and sold residential real estate was sentenced to 36 months in prison announced Acting Deputy Assistant Attorney General Stuart M. Goldberg of the Justice Department’s Tax Division and Acting U.S. Attorney Stephen M. Schenning for the District of Maryland.