Obama's Housing Agency Spending Millions to Transform Inner Cities Into ‘Sustainable Communities’

Susan Jones CNSNews.com 10/12/2012

The Obama administration’s effort to create government-sanctioned “sustainable communities” moved ahead this week, with the announcement of almost $5 million in planning grants.

Seventeen poor communities across the U.S. will share the $4.95 million to draft plans for the “next generation” of public housing and other “sustainable” neighborhood improvements, such as […]

Obama Forces Mortgage Companies to Give Unemployed 12 Months’ Free Rent

Jim Hoft GatewayPundit 7/7/2011

It’s an Obama world…

The Obama Administration will require mortgage companies to offer 12 months of forbearance for qualified unemployed borrowers.

The Wall Street Journal reported:

The Obama administration will require mortgage companies to extend more generous mortgage relief to help certain unemployed borrowers from losing their homes to foreclosure.

Under […]

HUD to Give Communities, Non-Profits First Shot at Foreclosures

Meena Thiruvengadam Dow Jones Newswires via FoxBusiness.com 9/1/2010

WASHINGTON -(Dow Jones)- The U.S. Housing and Urban Development department plans to partner with mortgage lenders to offer state and local governments and nonprofits a chance to buy bank-owned properties before they’re offered to private investors.

“Local communities will now get an exclusive option to buy foreclosed […]

HUD Secretary: Who’s up for another homebuyer tax credit?

Ed Morrissey HotAir.com 8/30/2010

What does an administration do when their gimmicky, taxpayer-subsidized economic interventions — they’re too ad hoc to be called policies at this point — run out of steam and show no sign of solving the underlying problems of the economy? When they have no Plan B, they offer a repeat of […]

Rep. Barney Frank Floats Loan Plan for Unemployed Homeowners

By Michelle R. Smith, Associated Press via CNSNews.com Monday, November 16, 2009

Fall River, Mass. (AP) – Rep. Barney Frank said Monday he is pushing a proposal to use some of the interest the government collects from the financial industry bailout to give loans to unemployed homeowners struggling to pay the mortgage.

The lack of […]