Donovan: Sequestration could devastate Fed housing programs

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.

 · Housing and urban development secretary shaun donovan urged lawmakers to agree on a plan to stave off the $85 billion in automatic across-the-board cuts, known as "sequestration.

Housing begins to directly contribute to economy The Great Recession, a Housing Bubble and Bad Credit. –  · Thinking Outside the Housing Bubble. As chart A shows, the housing market in the four years after the end of the recession stayed relatively flat. In fact, it averaged 6.5 percent less construction. However, at 665,300 units, it was not a drag on the economy. When we look at the Great Recession, we see a very different picture:.

Donovan: Sequestration could devastate fed housing programs.. The National Low Income Housing Coalition (NLIHC) is sounding a warning on rising jobless rates as a deflating housing bubble may.

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.

for housing assistance will be served. Because there. Table 1: Federal Rental Assistance in the United States and U.S.. ments devastated the PHAs' financial.. Report to Secretary Shaun Donovan. Sequestration Could Cut Housing.

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.

Introducing SPARCC The Obama administration has renewed its support for nearly 7,100 local homeless programs across the nation, Puerto Rico, Guam, and the U.S. Virgin Islands with $1.6 billion in grants. The Continuum of Care grants through the Department of Housing and Urban Development (hud) provide needed housing.

Cordray, Watt: Mortgage industry matures to meet new regulatory framework January 2012, the President made recess appointment Mr. Richard Cordray Director. However, recess appointments expire the end the Senate’s next session -accordingly Mr. Cordray’s appointment will end late 2013, when fonnally confi1med the Senate, when another individual nominated, confomed, and permanently appointed the position.

St. Valentine’s Day, February 14, was packed with Congressional activity on sequestration, but a solution has yet to emerge. Members from both sides of the aisle were eager to critique what the sequestration portends. The Administration is required to implement sequestration, across-the-board cuts to discretionary spending, on March 1 (see Memo, 2/1).

 · Federal workers fret about jobs as sequestration looms. would have her paying about twice as much for housing. But Rodgers took the federal job, she said, because she thought she could.

CoreLogic: Completed foreclosures fall by 30% CoreLogic, Irvine, Calif., said foreclosure action and the nation’s foreclosure inventory continued to decline in July. The company’s National Foreclosure Report said the foreclosure inventory declined by 27.9 percent and completed foreclosures declined by 24.4 percent from a year ago.