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The Department of Housing and Urban Development (HUD) was created in 1934 and is the federal agency responsible for national policy and programs that address the housing needs of Americans, improve and develop the Nation's communities, and enforce fair housing laws. HUD is committed to increasing homeownership, particularly among minorities, creating affordable housing opportunities for low-income Americans, supporting the homeless, elderly, people with disabilities and people living with AIDS. The Federal Housing Administration (FHA) is a division within HUD that issues mortgage loan insurance to assist in the purchase or refinance of homes.



HUD AWARDS $16.9 MILLION FOR AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT IN RURAL AMERICA ..View complete feature using this link.
WASHINGTON - U.S. Housing and Urban Development Secretary Steven Preston today awarded $16.9 million to 60 rural housing programs across the country to stimulate economic development, create jobs and produce more affordable housing. The funding is provided through HUD's Rural Housing and Economic Development Program. Find out more about this topic. Go to the link.
PRESTON ANNOUNCES DISASTER ASSISTANCE FOR LOUISIANA ..Read full article by clicking here.
WASHINGTON - U.S. Housing and Urban Development Secretary Steve Preston today announced a foreclosure moratorium in 34 parishes throughout Southern and Central Louisiana and offered support to homeowners and low-income renters forced from their homes following Hurricane Gustav. This foreclosure relief will help families living in presidentially declared disaster areas whose damaged homes are insured through the Federal Housing Administration (FHA). Get more information on this topic by clicking on the link.
HUD READIES DISASTER ASSISTANCE FOR GULF HURRICANE VICTIMS ..Full text of this featured news article.
WASHINGTON - U.S. Housing and Urban Development Secretary Steve Preston today announced HUD is ready to speed federal disaster assistance to hurricane-ravaged counties throughout the Gulf Coast and provide support to homeowners and low-income renters forced from their homes following Hurricane Gustav. This assistance includes foreclosure relief for families whose damaged homes are insured through the Federal Housing Administration (FHA) living in presidentially declared disaster areas. Use the link in the article title to view the entire news article.
HUD CUTS RED TAPE TO SPEED RELIEF TO HARD-HIT FLOOD AREAS IN IOWA ..Full text of this featured news article.
WASHINGTON - U.S. Housing and Urban Development Secretary Steve Preston today agreed to allow Iowato spend approximately $26 million in Community Development Block Grant (CDBG) funding more quickly, thereby speeding relief to flood-ravaged areas of the HawkeyeState. Preston granted several waivers that will give Iowasubstantial flexibility to overcome regulatory and legal hurdles and accelerate the pace of recovery in 85 counties that were devastated by severe storms, tornadoes and flooding. For additional details, please follow the link contained in the title.
HUD SECRETARY AND MAYOR MCCRORY ANNOUNCE $10 MILLION LOAN GUARANTEE TO CHARLOTTE ..Additional information on this subject.
WASHINGTON - U.S. Department of Housing and Urban Development Secretary Steve Preston today announced that he is approving a $10 million loan guarantee to the City of Charlotteto purchase 70 acres in the Double Oaks neighborhood. This purchase will complete the site assembly of 98 acres in preparation for the eventual development of 108,000 square feet of retail space and 940 new apartments, condominiums and single-family homes. Find out more about this topic. Go to the link.