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  • Department of Housing and Urban Development

    Potential Settlement in Supreme Court Housing Discrimination Case

    The Wall Street Journal is reporting that the parties in the Fair Housing Act case pending before the Supreme Court have reached a tentative settlement deal. The case, Mount Holly v. Mount Holly Gardens Citizens in Action, involves the township of Mount Holly, New Jersey’s attempt to redevelop a crime-ridden, … More

    Federal Housing Administration Is Undermining Responsible Housing Policy

    The Federal Housing Administration (FHA) has discrepancies in its loan portfolio that are unlikely to be resolved anytime soon and will continue to pose a burden to the recovery of the housing market. With little more than $32 billion in reserves, the FHA has an estimated $70 billion in future … More

    Report: HUD Insured Stimulus Loans to Tax Delinquents

    President Obama’s stimulus package subsidized home loans for individuals who already owed the federal government millions in back taxes, according to a new report by federal watchdogs. The report, released Wednesday by the Government Accountability Office, found that the Federal Housing Administration, a division of the Department of Housing and … More

    HUD-Backed Real Estate Magnates Host Obama Fundraiser

    President Obama will attend a fundraiser on Tuesday at the home of real estate developer who has directly benefitted from financial support by the federal government. Josh and Genine Fidler will host the president at their Owings Mills, MD, home during the president’s Tuesday swing through Maryland and Philadelphia. Guests will … More

    Federal Housing Funds Used to Boost CA County Employee Pensions

    California’s Santa Clara County used $16 million in federal housing funds not for affordable housing programs or similar services, but to increase guaranteed pension benefits for county workers. Employees of the county’s Housing Authority can now retire as early as age 50, receive as much as $40,000 annually during retirement, … More