According to the company, the proceeds from the initial USD360m HUD
will be used to refinance a real estate bridge loan at an estimated 4% per annum savings; The additional USD400m HUD
will be used to refinance 20 properties in the Revera transaction, 20 facility buybacks with its REIT partners and future transactions.
has transformed from CRT-based one to ultra-modern MEMS scanning laser-based HUD
with multicolor, night vision mode features.
More information about HUD
and its programs is available at www.
In addition to the free webcasts, HUD
will host "Housing Parties" in all 16 HUD
field offices across the country for existing grantees, new or interested program applicants and organizations working in communities impacted by HUD
's recovery programs.
MBA looks forward to working with the new administration, HUD
, the Fed, Congress, consumer organizations and other stakeholders to improve disclosures so that borrowers have the best and simplest tools to navigate the home financing process," said Courson.
Recommendation: In order to better promote green building practices, the Secretary of HUD
should direct the appropriate program offices to ensure completion of the regulation that would require the use of energy-efficient products and appliances for public housing as directed by the Energy Policy Act of 2005.
It was quicker to draw on HUD
funds than to go through more cumbersome processes with other funding sources when emergencies arose, he said, adding that LAHSA also occasionally used other funding sources to pay emergency bills.
For 30 years there's been this slow defunding of HUD
, but this year has been the most aggressive," she adds, looking askance at President Bush's HUD
budget request for 2006.
found that management in 1998 had deferred recognition of a $200 million expense for multiple periods so senior management and staff could receive full performance bonuses.
for financing can be a mixed bag, according to Bruce Spear, a project manager with InterDesign, an architecture, engineering and planning firm in Indianapolis.
The new HUD
rule, issued September would allow houses of worship access to federal grants to acquire repair or build centers to provide array of HUD
services, such as emergency shelters and housing.
has announced plans to strengthen its oversight of mortgage lenders by lowering the default and claims threshold for when the FHA will bar lenders from issuing FHA-insured mortgages.