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Don't Be Left In The Dark, Wake Up To Lets Talk Mortgage

A Monthly Insight Into The World of Mortgage

Don't Be Left In The Dark, Wake Up To Lets Talk Mortgage

A Monthly Insight Into The World of Mortgage

HUD ANNOUNCES 24 NEW PROGRAMS

TO JOIN BIDEN-HARRIS ADMINISTRATION JUSTICE 40 INITIATIVE

WASHINGTON – As part of the Biden-Harris Administration’s agenda to advance environmental justice, the U.S. Department of Housing and Urban Development today released a list of its programs included in the Administration’s Justice40 Initiative. President Biden created the Justice40 Initiative to deliver 40% of the overall benefits of climate, clean energy, affordable and sustainable housing, clean water, and other investments to disadvantaged communities that are marginalized, underserved, and overburdened by pollution.

“HUD’s mission is rooted squarely in service to disadvantaged communities and to ensuring equity and justice for the communities we serve. As an agency, we are committed to supporting neighborhoods that have been disinvested for generations and overburdened by pollution and the impacts of climate change,” said Secretary Marcia L. Fudge. “I am happy to announce that 24 of HUD’s programs align with President Biden’s goal to address environmental injustice by investing in underserved communities.”

The programs included in today’s announcement create affordable and sustainable housing and meet a range of different housing needs for individuals and communities, including single- and multi-family housing and housing for seniors, persons with disabilities, and tribal communities. The programs also serve communities that have been impacted by disasters, and that need to partner with the federal government to spur local economic growth. These HUD programs align directly with President Biden’s historic initiative to address environmental justice and make sure no communities are left behind.

By releasing HUD’s list of covered programs, communities and the general public will have greater visibility and transparency into the role HUD plays in the federal government’s coordinated effort to support disadvantaged communities that are marginalized, underserved, and overburdened by pollution and other impacts of climate change.

HUD’s 24 programs covered in the Justice40 initiative are listed below:

Covered programs list for HUD

1. Choice Neighborhoods

2. Community Development Block Grant – Disaster Recovery*

3. Community Development Block Grant – Entitlement/Non-Entitlement Grant*

4. FHA Mortgage Insurance for Single-Family Housing (MMI Fund)

5. FHA Mortgage Insurance for Multi-Family Rental and Other Housing (GI/SRI Fund)

6. HOME Grants

7. Housing for the Elderly – New Units

8. Housing for Persons with Disabilities – New Units

9. Housing Trust Fund †

10. Lead Hazard Reduction and Healthy Homes Grants

Native American Programs*:

11. Competitive Set Aside for Construction and Rehabilitation

12. Indian Community Development Block Grants

13. Native American Housing Block Grants

14. Title VI Loan Guarantee Program

15. Native Hawaiian Housing Block Grants *

16. Public Housing Health Hazards

17. Rental Assistance Demonstration

18. Self-Help and Assisted Homeownership Opportunity Program (SHOP)

19. Tenant-Based Rental Assistance (Housing Choice Vouchers) [†]

20. Project-Based Rental Assistance †

21. Public Housing Fund †

22. Housing for the Elderly – Contract Renewals †

23. Housing for Persons with Disabilities – Contract Renewals †

24. Housing Opportunities for Persons with AIDS †

Call For More Information

(844)-624-5726 or (845)-893-0577

HUD REACHES AGREEMENT WITH JPMORGAN CHASE RESOLVING RACE.

JPMorgan Chase allegedly valued a home for less than its worth because of owners race.

WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) announced today that it has approved a Conciliation Agreement between JPMorgan Chase Bank and an African-American woman, resolving the woman’s claim that the mortgage lender, relying on an appraisal that she believed was inaccurate, valued her home at an amount lower than its actual worth because of her race. Read the agreement.

“The race of a homeowner and the racial composition of their neighborhood must not influence the valuation of a home,” said Jeanine Worden, HUD’s Acting Assistant Secretary for Fair Housing and Equal Opportunity. “The Fair Housing Act prohibits the consideration of race as a factor in the appraisal of a home and in the provision of other real estate related services. Discrimination in home buying, mortgage lending, and property appraisal deprives qualified individuals of an equal opportunity to pursue homeownership as a path to family stability and financial security. HUD is committed to ensuring that all housing, whether for rent or for sale, is free from discrimination.”

Under the Conciliation Agreement, JPMorgan Chase Bank will pay $50,000 to the woman and provide home lending advisors and client care specialists with mandatory training on the Reconsideration of Value process and fair lending issues related to appraisals, including specifics regarding how to handle complaints of discrimination in the appraisal process.

The Fair Housing Act makes it unlawful to discriminate in the terms, conditions, or privileges of the sale of a dwelling because of race, color, religion, national origin, sex, disability and familial status. The Act also makes it unlawful for any person or other entity whose business includes residential real estate-related transactions to discriminate against any person in making available such a transaction, or in the terms or conditions of such a transaction. Residential real estate-related transactions covered by the Act include making loans secured by residential real estate and appraising residential real property.

People who believe they have experienced discrimination may file a complaint by contacting HUD's Office of Fair Housing and Equal Opportunity at (800) 669-9777 (voice) or (800) 877-8339 (Relay). Housing discrimination complaints may also be filed by going to hud.gov/fair housing.

Call For More Information

(845)231-3186 or (845)-893-0577

Don't Be Left In The Dark, Wake Up To Lets Talk Mortgage

Don't Be Left In The Dark, Wake Up To Lets Talk Mortgage

HUD ANNOUNCES 24 NEW PROGRAMS

TO JOIN BIDEN-HARRIS ADMINISTRATION JUSTICE 40 INITIATIVE

Foreclosure Auction List Available for November-December 2023

HUD REACHES AGREEMENT WITH JPMORGAN CHASE RESOLVING RACE.

JPMorgan Chase allegedly valued a home for less than its worth because of owners race.

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