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President-elect Barack Obama nominated Shaun Donovan to lead the Department of Housing and Urban Development. Obama named the appointment during Saturday's Democratic Radio Address.
Today is the last day to submit a comment to HUD about the nature of manufactured homes that qualify for insurance under FHA Title I and Title II programs.
Who should be the new leader of the Department of Housing and Urban Development? Will it be someone chosen because of their close ties to housing? Will it be a political friend of the new President? Will it be a person with some wherewithall in the field of manufactured housing?
One of Western North Carolina's leading providers of housing counseling may see its federal HUD funding cut, on technical grounds.
The North Carolina Division of Community Assistance held a meeting yesterday in Greensboro to help cities, counties, and non-profits with their NSP applications. The NSP is a federal program, administered through HUD, that enjoins these groups to fight the foreclosure crisis in their communities. HUD has allocated $3.92 billion
A lot of people are trying to find a solution for our financial crisis. It might be several crises by now, actually, as we are seeing problems in derivatives, in insurance, and bond markets, as well as in mortgages.
Today it looks like Secretary Paulson will relent. An early report says that he is going to concede on the issue of CEO pay. In the arrangement, financial institutions that seek the federal government to purchase their distressed assets must agree to an as yet undetermined set of restrictions on the pay of their CEO and their boards.
The Troubled Assets Relief Program (TARP), as the bailout bill is formally known, is a threat to the order of our constitution. Consider this one sentence:
“Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency...”