U.S. Department of Housing and Urban Development (HUD)

10:01pm

Thu March 1, 2012
Governing

Shrinking Community Grants Put Cities In A Crunch

Originally published on Fri March 2, 2012 4:24 am

Budget cuts approved by Congress in the past two years are trickling down to local communities, and officials there are not happy. They say that reductions in community development block grants will hurt the nation's most vulnerable neighborhoods.

Two years ago, the federal government gave out about $4 billion in such grants to low- and moderate-income communities. This year, the figure is $3 billion — a 25 percent cut. And as that pie has shrunk, those whose slices have shrunk even more are hungry for answers.

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3:40pm

Wed February 29, 2012
Crisis In The Housing Market

Fannie, Freddie Won't Write Down Mortgage Principal

Many experts say reducing mortgage principal can help troubled homeowners stay in their homes. But two of the nation's largest mortgage holders, Fannie Mae and Freddie Mac, have not signed on to the idea.
Justin Sullivan Getty Images

Despite some green shoots in the economy, the housing sector remains weak. With 11 million Americans still underwater on their mortgages, some housing experts believe it's time for more dramatic solutions.

The idea of reducing the principal on the loans of underwater homeowners used to be a fringe concept, embraced by a few outliers. Today, many policymakers believe principal reduction is necessary to keep some troubled homeowners afloat.

But so far, the nation's biggest mortgage holders, Fannie Mae and Freddie Mac, haven't embraced the idea.

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11:29am

Tue August 30, 2011
Housing

Federal Mortgage Help Program Gets an Extension

NeighborWorks America

A program to help homeowners avoid foreclosure is being extended in Colorado and 26 other states.  The Emergency Homeowners Loan Program provides emergency bridge loans to those in danger of losing their homes because of economic hardship.

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10:37am

Tue August 23, 2011
Business

HUD Loan Will Benefit Fort Collins Businesses

City of Fort Collins

The City of Fort Collins has been approved for a $5 million loan from the U.S. Department of Housing and Urban Development to help fund economic and community development projects.

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12:03pm

Tue June 21, 2011
Foreclosure prevention

HUD Launches New Program to Stave Off Foreclosures

Colorado will receive just over $41 million dollars from the U.S. Department of Housing and Urban Development for a new safety net program to help prevent home foreclosures.

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