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hud shaun donovan

Overpromising and Underdelivering?

by Moe Bedard

By Moe Bedard
Yesterday’s Hartford Courant ran a story about HUD Secretary Shaun Donovan’s efforts to ascertain for himself the state of the housing crisis around the country and what he’s doing to change the status quo. Apparently, Secretary Donovan thinks there ought to be yet another solution to the housing crisis that would magically preserve the [...]

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HUD Secretary Donovan Speaks on the Obama Housing Plan

by Moe Bedard

SHAUN DONOVAN, HUD SECRETARY: We’re going to target those borrowers that are most at risk of foreclosure through our modification plan, helping to bring payments down to 31 percent of their income for three to four million borrowers. We’re going to target that in a way that first of all, no speculators, no investor-owners are [...]

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HUD ALLOCATES MORE THAN $10 BILLION OF RECOVERY ACT FUNDING ONE WEEK AFTER BILL SIGNING

by Moe Bedard

Nearly 75 percent of HUD Recovery funds allocated today

WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today allocated nearly 75 percent of its funding, or $10.1 billion, made available through the American Recovery and Reinvestment Act of 2009. The Recovery Act includes $13.61 billion for projects and programs administered by HUD, 75 [...]

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HUD Chief Defends Obama Housing Plan

by Moe Bedard

“We have millions of families across this country through no fault of their own that are in trouble on their mortgages,” he said. “Let’s remember that every time there’s a foreclosure, a next-door neighbor loses value in their house too… by stopping foreclosures, this benefits everyone.”

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