Word: hud
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
About 30 percent of the projects that have received HUD funding since the program was launched in 1983 are in default, the department said. Many were built in areas where there was not a sufficient shortage in housing for the elderly to support the projects, officials added...
...less than six months on the job, Kemp also has suspended or canceled two other programs: HUD's rental rehabilitation program and a loan insurance program that financed such luxury projects as golf course condominiums...
...many of those projects, HUD and congressional investigators have determined that politically connected consultants helped win HUD's backing of the developments...
...program was criticized in an internal audit by the HUD inspector general completed earlier this year...
Kemp announced his action as congressional aides said several prominent figures in the investigation will be called to testify again, including former HUD Secretary Samuel Pierce...