Word: hud
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Samuel Pierce, the Secretary of Housing and Urban Development, is the only remaining member of Ronald Reagan's original Cabinet, yet he has been the Administration's invisible man. Federal support for subsidized housing has been slashed 77%, from $32.2 billion in 1981 to $7.5 billion this fiscal year. HUD authorized the construction of only 88,136 subsidized dwellings in 1987, compared with more than...
...especially in states like Texas and Colorado that have been hurt by the decline of energy prices. Last fiscal year alone, the FHA's parent agency, the Department of Housing and Urban Development, had to take possession of 64,800 homes because the owners defaulted on FHA-guaranteed mortgages. HUD has been auctioning many of the houses off, often at cut-rate prices. The sales have stirred strong protests in Denver, where the average price of a single-family home has fallen from $139,500 in the second quarter of 1987 to $117,900 in the same period this year...
...those problems, the agency faces a new lawsuit from the National Housing Law Project, a California-based public interest law firm. The group contends that under a 1987 law, HUD is required to survey its inventory to see if some of the empty houses could be used to provide shelter for the homeless...
...what did the Reagan Administration do about this problem? In their budget for fiscal year 1988, the Reagan Administration took 5 percent out of HUD's budget, commited no funds for any new construction of public housing and only reluctantly spared a program which would enable local goverments to help landlords rehabilitate low-income rental units. At the same time, the Administration, for the seventh year in a row, tried to fully drop the Urban Development Action Grant (UDAG) program, which aims at encouraging private development of low-income housing in distressed areas. Each year the Congress, Democratic House...
...Hud...