RealEstateRama Authors Posts by HUD
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.
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.
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.
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.