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Biden Launches Plan to Boost Housing Construction

Biden Launches Plan to Boost Housing Construction

by James Sanna | May 17, 2022 | Commercial & Industrial, CR Daily, Industry News

In the face of a massive, nation-wide shortage of housing construction, the White House announced a new slate of initiatives Monday to try to speed up the building of new units.

FHFA Wants Input on Fannie, Freddie Equity Plans

FHFA Wants Input on Fannie, Freddie Equity Plans

by The Commercial Record | Sep 8, 2021 | Banking & Lending, CR Daily, Industry News

Federal housing regulators want input from industry and community groups on how Fannie Mae and Freddie Mac will measure their own efforts to reduce racial inequality in the mortgage market.

Lawsuit: HUD Perpetuated Racial Segregation in Hartford Area

Lawsuit: HUD Perpetuated Racial Segregation in Hartford Area

by The Associated Press | Nov 19, 2020 | Commercial & Industrial, CR Daily, Industry News, Residential Real Estate

The U.S. Department of Housing and Urban Development has perpetuated racial segregation in Connecticut’s capital by failing to help poor Black and Hispanic families living in dilapidated, federally subsidized housing move to better neighborhoods in the city and suburbs, residents allege in a lawsuit filed Wednesday.

FHA and FHFA Extend Foreclosure and Eviction Moratorium

FHA and FHFA Extend Foreclosure and Eviction Moratorium

by The Commercial Record | Jun 18, 2020 | Banking & Lending, CR Daily, Industry News, Residential Real Estate

The Federal Housing Administration and the Federal Housing Finance Agency have extended their COVID-19 foreclosure and eviction moratoriums for the second time, this time for two months.

$4.6M to Create New Homes for Low-Income Seniors

$4.6M to Create New Homes for Low-Income Seniors

by The Associated Press | Feb 10, 2020 | Commercial & Industrial, CR Daily, Industry News

The federal government has awarded $4.6 million in funding to build homes for low-income seniors in Connecticut, officials said Friday.

Bronin, Blumenthal, Murphy Seek Better Federal Section 8 Oversight

Bronin, Blumenthal, Murphy Seek Better Federal Section 8 Oversight

by The Associated Press | Jan 20, 2020 | Commercial & Industrial, CR Daily, Industry News, Residential Real Estate

Three prominent Connecticut officials on Friday called on the U.S. Department of Housing and Urban Development to immediately improve its oversight of a federal Section 8 voucher program.

State Adds $1.1M to Help Combat Homelessness

State Adds $1.1M to Help Combat Homelessness

by The Associated Press | Jan 20, 2020 | CR Daily, Industry News, Residential Real Estate

Connecticut is providing more than $1 million to combat homelessness.

Connecticut Receives Federal Funds to Educate Homeowners

Connecticut Receives Federal Funds to Educate Homeowners

by The Associated Press | Oct 21, 2019 | CR Daily, Industry News, Residential Real Estate

The Connecticut Housing Finance Authority has received federal funding to counsel Connecticut homeowners facing possible foreclosure and educate first-time homebuyers.

Former President of Hartford Nonprofit Who Stole from HUD Sentenced

Former President of Hartford Nonprofit Who Stole from HUD Sentenced

by The Commercial Record | Aug 12, 2019 | CR Daily, Industry News, Residential Real Estate

A New Haven man was sentenced to two months’ house arrest and three years’ probation for stealing from a Department of Housing and Urban Development program

Hartford Looking to Help Hilton Renovations With New Lease Terms

Hartford Looking to Help Hilton Renovations With New Lease Terms

by The Commercial Record | Jun 7, 2019 | Commercial & Industrial, CR Daily, Industry News

With the city’s downtown Hilton hotel in need of renovations, Hartford Mayor Luke Bronin is asking the city council for authorization to renegotiate the terms of the hotel’s ground lease.

Former President of Hartford Nonprofit Who Stole from HUD Sentenced

Owner of Apartment Complex Facing Housing Violations

by The Associated Press | May 20, 2019 | Commercial & Industrial, CR Daily, Industry News

The owner of an apartment complex in Hartford is due in housing court to face a range of building code violations.

Hartford Looking to Help Hilton Renovations With New Lease Terms

Hartford Affordable Housing Developer in Dire Straits

by The Commercial Record | Apr 16, 2019 | Commercial & Industrial, CR Daily, Industry News

One of Hartford’s most prominent developers of affordable housing could lose nearly a half-million dollars in subsidies thanks to the decaying state of its properties.

Facebook to Overhaul Housing, Credit Ads to Prevent Discrimination

Facebook to Overhaul Housing, Credit Ads to Prevent Discrimination

by The Associated Press | Mar 20, 2019 | Banking & Lending, CR Daily, Industry News, Residential Real Estate

The changes to Facebook’s advertising methods are unprecedented. The social network says it will no longer allow housing, employment or credit ads that target people by age, gender or ZIP code.

Report: HUD Secretary Ben Carson to Leave in 2020

Report: HUD Secretary Ben Carson to Leave in 2020

by The Commercial Record | Mar 6, 2019 | CR Daily, Industry News, Residential Real Estate

Secretary Ben Carson, head of the federal Department of Housing and Urban Development, may be leaving his post at the end of President Donald Trump’s current term in 2020.

Former Hartford Nonprofit President Pleads Guilty to Stealing HUD Funds

by The Commercial Record | Dec 13, 2018 | Banking & Lending, Commercial & Industrial, CR Daily, Industry News, Residential Real Estate

The former president of a Hartford nonprofit has pleaded guilty to stealing from programs run by the U.S. Department of Housing and Urban Development.

Former President of Hartford Nonprofit Arrested for Stealing from HUD Programs

by The Commercial Record | Jun 13, 2018 | Banking & Lending, CR Daily, Executive Briefing, Industry News, Residential Real Estate

The former president of a Hartford nonprofit was arrested on a criminal complaint charging him with wire fraud and theft from programs receiving federal funds.

Carson Pledges Help with Failing Home Foundations

by The Associated Press | Jun 5, 2018 | CR Daily, Industry News, Residential Real Estate

U.S. Housing and Urban Development Secretary Ben Carson pledged Monday to work with federal, state and local officials to help thousands of Connecticut residents whose homes are falling apart because of defective concrete foundations.

Multifamily Home Production Surges in January; Permit Issuance Hits Post-Recession High

by The Commercial Record | Feb 20, 2018 | CR Daily, Industry News, Residential Real Estate

A surge in multifamily production pushed overall housing starts up 9.7 percent in January to a seasonally adjusted annual rate of 1.33 million units after an upwardly revised December reading, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department.

State Receives Grant To Create New Housing To Serve Homeless Youth

by The Commercial Record | Jan 16, 2017 | CR Daily, Executive Briefing, Industry News, Residential Real Estate

Connecticut recently received a $6.6 million federal grant to create new housing and support service programs to serve youth experiencing homelessness.

Carson Says He Won’t Dismantle Social Programs As HUD Chief

by The Associated Press | Dec 9, 2016 | CR Daily, Executive Briefing, Industry News, Residential Real Estate

Donald Trump’s pick for secretary of the U.S. Department of Housing and Urban Development (HUD) says he doesn’t plan to dismantle social safety-net programs.

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