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07-22-2013, 11:58 PM #1
HUD Launches Scheme To Racially Diversify Suburbs
HUD Launches Scheme To Racially Diversify Suburbs
Posted 06:55 PM ET
Diversity: Now even ZIP codes are racist, and according to this race-obsessed administration, you're racist for living in a suburban area with little public housing. And it plans to change that.
In what may be the most ambitious social-engineering project undertaken by the federal government, the administration is mapping every neighborhood in America by race. The stated purpose is to use the data to compel local officials to loosen zoning laws and build more public housing, thereby offering more poor inner-city minorities better opportunities for housing and education.
But the unstated purpose is forced racial integration. The suburbs are just too white for Obama and his race-mongering social engineers. They think they "geospatially discriminate" against minorities, never mind that more and more middle-class blacks are flocking to them on their own.
The ham-handed government project is led by the Department of Housing and Urban Development. Last week it proposed new rules requiring counties and other entities receiving federal grant dollars to "affirmatively further fair housing" in the suburbs for minorities. Grantees who fail to comply will be denied federal funding.
At the same time, HUD is pressuring suburban landlords to accept Section 8 housing vouchers.
The proposed regulation was issued just days after HUD Secretary Shaun Donovan addressed the NAACP at its annual convention in Florida, near the Orlando suburb where a neighborhood crime-watch captain fatally shot a black teen visiting the complex.
In his speech, Donovan vowed to help urban blacks relocate to suburban neighborhoods, where they can have access to "good schools, safe streets, jobs, grocery stores," among other things. blacks.He claimed suburban realtors and landlords still discriminate against
"African-Americans," Donovan said, "are being denied their freedom of choice."
He said the HUD database will detail by neighborhood what "access African-American families have to community assets — including jobs, schools and transit," which he added "is something the NAACP has long called for."
Once the data are collected, his diversity police will use it as a "tool" to ensure that "every American has the opportunity to live in the community of their choice without facing discrimination."
Earlier this year, HUD broadened the authority of two anti-discrimination laws — the Fair Housing Act and the Equal Credit Opportunity Act — making illegal any housing or credit policy that results in disproportionately fewer blacks or Latinos receiving housing or home loans than whites, even if those policies are race-neutral and evenly applied across all groups.
07-23-2013, 10:45 AM #2
Mark Levin on new HUD ‘fair housing’ program: Tyranny is HERE and it’s SPREADING…
Posted by The Right Scoop on July 22nd, 2013 in
Mark Levin weighed in tonight on a new HUD ‘fair housing’ neighborhood-mapping diversity program that is supposed to help ‘integrate’ communities by giving people access to better communities than the ones they currently live in. It’s social engineering like we did with Fannie Mae and Fannie Mac in the recent past…or as Levin called said, it’s communism and he likened it to ‘North Korea’.
Levin says that tyranny is here and it’s spreading:
Folks, I’m trying to tell you something. …It’s here, tyranny is here. And it’s spreading.
And I don’t care what Bob Dole says. I don’t care what the maniac John McCain says. I don’t care what all their little scribes say.
We have a fundamental problem in this country.
There are some of us who believe in liberty and private property rights and the Constitution and some of us who don’t. It’s not a question of ‘reaching out’, it’s not a question of bipartisanship. They’re winning, we’re losing. It’s a question of whether you want to live in a free nation. That’s the question.
And the Democrats are on the move and Republicans are on their back.
07-23-2013, 10:47 AM #3
HUD's New 'Fair Housing' Rule Establishes Diversity Data for Every Neighborhood in U.S.
July 22, 2013 - 10:54 AM
By Susan Jones
(CNSNews.com) - To ensure that "every American is able to choose to live in a community they feel proud of," HUD has published a new fair-housing regulation intended to give people access to better neighborhoods than the ones they currently live in.
The goal is to help communities understand "fair housing barriers" and "establish clear goals" for "improving integrated living patterns and overcoming historic patterns of segregation."
“This proposed rule represents a 21st century approach to fair housing, a step forward to ensuring that every American is able to choose to live in a community they feel proud of – where they have a fair shot at reaching their full potential in life,” said HUD Secretary Shaun Donovan.
“For the first time ever," Donovan added, "HUD will provide data for every neighborhood in the country, detailing the access African American, Latino, Asian, and other communities have to local assets, including schools, jobs, transportation, and other important neighborhood resources that can play a role in helping people move into the middle class."
According to HUD, long-term solutions include "helping people gain access to different neighborhoods and channeling investments into under-served areas." The mapping tool may guide development and zoning decisions, for example.
In a July 16 speech to the NAACP, Donovan said the American Dream still isn't within equal reach of all communities. He lamented the lack of diversity in America's boardrooms, schools, and the nation's "strongest neighborhoods."
"We have got to shape a future where ladders of opportunity are available for all Americans," Donovan said. "For African Americans, this is critically important. Historically, for this community, the rungs on these ladders have been too far apart -– making it harder to reach the middle class."
Donovan said HUD's new neighborhood mapping tool, which uses Census data, will "expand access to high opportunity neighborhoods and draw attention to investment possibilities in under-served communities."
"Make no mistake, this is a big deal," Donovan said. "With the HUD budget alone, we are talking about billions of dollars. And as you know, decades ago, these funds were used to support discrimination. Now, they will be used to expand opportunity and bring communities closer to the American Dream."
Under the Fair Housing Act, HUD requires grantees, such as cities, that receive federal housing funds to "affirmatively further fair housing."
Under the proposed rule, the neighborhood data provided by HUD will be used to evaluate patterns of integration and segregation, racial and ethnic concentrations of poverty, and access to "valuable community assets." HUD wants to know if existing laws and policies -- such as zoning, financing, infrastructure planning and transportation -- create, perpetuate or alleviate segregation.
The proposed rule explicitly incorporates fair-housing decision-making into existing planning processes and "other decision-making that influences how communities and regions grow and develop."
07-23-2013, 11:13 AM #4
HUD funding critical to support hundreds of counseling agencies nationwide
WASHINGTON, DC – June 18, 2013 – (RealEstateRama) — As part of its continuing effort to assist families and individuals with their housing needs and to prevent future foreclosures, the U.S. Department of Housing and Urban Development (HUD) today announced more than $40 million in housing counseling grants to 334 national, regional and local organizations. As a result of these grants and the additional funding they help leverage, more than 1.6 million households will have a greater opportunity to find housing, make more informed housing choices or keep their current homes. See list of all counseling agencies awarded funding today.
“Make no mistake: these grants will do a lot of good,” said HUD Secretary Shaun Donovan. “The HUD-approved counseling agencies this funding supports are crucial in helping families manage their money, navigate the homebuying process, and secure their financial futures. The evidence is clear that housing counseling works. These grants are a smart investment to help families and individuals find and keep housing which helps promote neighborhood stability in the long term.”
More than $38 million in grant funds will directly support the housing counseling services provided by 27 national and regional organizations, 8 multi-state organizations, 22 State Housing Finance Agencies (SHFAs) and 277 local housing counseling agencies. In addition, HUD is awarding $2 million to two national organizations to train housing counselors who will receive the instruction and certification necessary to effectively assist families with their housing needs.
Working in consultation with housing counseling industry stakeholders, HUD’s new Office of Housing Counselingsubstantially streamlined the application process for these grants. A number of procedural improvements were made to the application process and program requirements, which encourage the development of efficient and effective counseling programs and reduce the administrative burden on applicants. HUD awards annual grants under the housing counseling program through a competitive process. Organizations that apply for grants must be HUD-approved and are subject to monitoring and oversight to maintain their HUD-approved status.
National and regional agencies distribute much of HUD’s housing counseling grant funding to community-based organizations that assist low- and moderate-income families to improve their housing conditions. In addition, these larger organizations help improve the quality of housing counseling services and enhance coordination among counseling providers. Read a summary of each grant, organized by state.
HUD studies show the effectiveness of housing counseling. Last year, HUDreleased two reports on the impact of HUD-approved housing counseling for families who purchase their first homes and those struggling to prevent foreclosure. In both studies, HUD found housing counseling significantly improved the likelihood homeowners remained in their homes.
Grant recipients utilize funding to address the full range of families’ housing counseling needs. This includes helping homebuyers and homeowners realistically evaluate their readiness for a home purchase, understand their financing and downpayment options, and navigate what can be an extremely confusing and difficult process. Grantees also help households find affordable rental housing and offer financial literacy training to individuals and families struggling to repair credit problems that restrict their housing options. In addition to providing counseling to homebuyers and renters, these organizations assist homeless persons in finding the transitional housing they need to move toward a permanent place to live. Finally, grantees also assist senior citizens seeking reverse mortgages or Home Equity Conversion Mortgages (HECM). These agencies provide counseling for the rapidly growing number of elderly homeowners who seek to convert equity in their homes into income that can be used to pay for home improvements, medical costs, and other living expenses.
Housing counseling agencies support fair housing by assisting borrowers in reviewing their loan documentation, to avoid potential mortgage scams, unreasonably high interest rates, inflated appraisals, unaffordable repayment terms, and other conditions that can result in a loss of equity, increased debt, default, and even foreclosure. Likewise, foreclosure prevention counseling helps homeowners facing delinquency or default employ strategies, including expense reduction, negotiation with lenders and loan servicers, and loss mitigation, to avoid foreclosure.
HUD’s new mobile app allows smartphone and tablet users to locate housing counselors in their own area.
07-23-2013, 11:16 AM #5
HUD to sell 40,000 distressed loans in 2013
By Megan Hopkins
• May 3, 2013 • 11:07am
In an effort to address the country’s shadow inventory and relieve high-foreclosure areas, the U.S. Department of Housing and Urban Development will sell thousands of severely delinquent mortgage loans insured by the Federal Housing Administration.
Throughout the summer ahead, HUD will sell approximately 20,000 distressed loans via the Distressed Asset Stabilization Program in an attempt to increase recoveries to FHA’s Mutual Mortgage Insurance Fund from non-performing FHA-insured loans, while contributing to stabilization and recovery in communities that took the hardest hit during the housing recovery.
The offerings by HUD will be conducted via two auctions. The auction on June 26th will focus on selling approximately 15,000 notes through 'national pools,' while the one on June 10th will offer approximately 5,000 notes through Neighborhood Stabilization Outcome pools.
HUD is growing the use of single-family loan sales via a competitive bidding process in which loan pools are sold to the highest bidder. This includes nonprofit and community-based organizations.
"We’ve seen a tremendous response to our note sales which allow us to support particular areas of our country hard-hit by foreclosures while improving outcomes for FHA," said FHA Commissioner Carol Galante.
Galante added, "These auctions allow us to continue stabilizing hard-hit housing markets and to improve FHA’s overall financial position at the same time."
Severely delinquent FHA-insured loans in the program are sold competitively at a price determined by the market, which is generally below the outstanding principal balance.
After the purchasing of the loan, foreclosure is postponed for a minimum of six extra months. During this time, the new servicer can work with the borrower in a effort to find an affordable solution so foreclosure can be avoided.
By purchasing these loans at market rate — which is generally below the outstanding principal balance — investors are given the incentive to help the borrower steer clear of foreclosure.
HUD anticipates it will sell more than 40,000 distressed loans in 2013 through quarterly sales that reduce FHA’s total claims costs and raise recovery on losses to FHA’s Mutual Mortgage Insurance Fund.
In March 2012, HUD sold more than 16,000 seriously delinquent mortgages.