Donovan: Sequestration could devastate Fed housing programs

Another 125,000 individuals or families could lose assistance offered through the housing choice voucher program, putting more people at risk of becoming homeless, Donovan told the panel. The HCV program currently provides support to families who are renting in private apartment units. Donovan added that sequestration cuts could cause more than.

Donovan: Sequestration could devastate Fed housing programs Nation added only 148,000 jobs in September The manufacturing sector added 25,000 new jobs in December, while the construction sector added 30,000, and health care added 29,000.. US gains 148,000 jobs in December, unemployment still 4.1%.Middletown public housing, Section 8 residents.

Consequences from sequestration continue to reverberate even after December’s budget deal. The previous year’s cuts have deepened and prolonged our nation’s rental affordability housing crisis, a crisis that is described by Secretary of Housing and Urban Development Shaun Donovan as the worst our country has known.

Left unchanged, the budget caps could drive housing assistance. of the sequestration cuts for 2014, 2015, and 2016, yet housing assistance.

Senator Murray also questioned Shaun Donovan, Secretary of the Department of Housing and Urban Development, on the effect of job losses on housing and the economy. Senator Murray outlined the consequences of sequestration cuts on HUD programs, saying that over 200,000 families could be at risk of losing their housing.

“Sequestration. likely to participate in programs operated by 11 different federal agencies. “There is no silver bullet for what a poor kid faces growing up in poverty,” Donovan said. “If you got.

Donovan: Sequestration could devastate Fed housing programs Fed Publishes Wave of Rules for Mortgage origination transparency cfpb revises loan Originator Rule and HOEPA Rule Guides The Consumer financial protection bureau (cfpb) recently issued revised versions of the small entity compliance guides for the Loan Originator Rule and the Home.

DataQuick finds increase in sales of high-end homes in 2010 Amherst finds mortgage market underestimates looming defaults Up next in the housing crisis: Strategic default | HuffPost – Credit scores loom large in all of this. White argues that homeowners fear falling scores, yet, most people can recover a good score within two to three years if they stay current on other payments. Walking away from a mortgage frees up cash to do that, he says, and the sky will not fall in during the interim.The median home price. beginning of 2010, a tracking firm reported Thursday. San Diego-based MDA DataQuick said the 20 percent increase in the median price from February 2009 was due to a dip in.

The House bill would cut funding for HUD housing and community.. The largest federal rental assistance program, the Housing Choice.

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actually getting a voucher could still take years. The federal budget cuts known as sequestration hit housing hard, cutting the amount spent on rental subsidies. In Rhode Island, state rental.

RealtyTrac: May foreclosures inch up 2% PENDING HOME SALES DOWN IN WEST Pending home sales in Western states slipped 2.6 percent in April from a year earlier, a victim of "pronounced inventory constraints," according to a report from the National Association of Realtors.. California and other Western states have some of the tightest real estate markets in the nation, crimping sales.

BANGOR, Maine – Maine groups that deal with housing and homelessness are joining counterparts across the country, pushing Congress to restore funding for Section 8 vouchers so individuals and families who are homeless or close to it can find a stable place of their own. In last year’s across-the-board $1 trillion federal spending cuts, known.