HUD Releases Proposed Budget for 2020

first_img The Best Markets For Residential Property Investors 2 days ago About Author: Stephanie Bacot 2020 Budget Ben Carson Fair Housing Homelessness Homeownership HOUSING HUD Mortgage Loans 2019-03-11 Staff Writer Tagged with: 2020 Budget Ben Carson Fair Housing Homelessness Homeownership HOUSING HUD Mortgage Loans Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago in Featured, Government, Headlines, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Featured / HUD Releases Proposed Budget for 2020 Share Save Demand Propels Home Prices Upward 2 days ago Related Articles Subscribe HUD Releases Proposed Budget for 2020 President Donald Trump announced today a proposed Fiscal Year 2020 Budget for the U.S. Department of Housing and Urban Development (HUD). The plan expands resources to prevent/end homelessness and invests record funding—to the tune of  $44.1 billion—to support HUD initiatives such as supporting homeownership, reducing lead and other home health and safety hazards, and preserving rental assistance to HUD-assisted households.HUD Secretary Ben Carson said about the proposal, “This budget advances our key priorities, including empowering HUD-assisted families to achieve self-sufficiency. For generations, the idea of the federal government providing housing assistance meant only one thing—helping to pay the rent so families can have a roof over their heads. But we must also think about how we can help families to access financial programs, educational opportunities, and higher paying jobs. In short, we must think beyond investing in bricks and mortar, and think about investing in people.”The 2020 budget is seeking nearly $2.6 billion to support thousands of local housing and service programs assisting the homeless and homeless shelters. This amounts to a $215 million increase over the administration’s 2019 budget request.The 2020 budget also continues to support homeownership through the FHA mortgage insurance programs, providing up to $400 billion in new single-family loan guarantee authority that includes critical funding to support targeted improvements to FHA’s information technology systems.  In addition, the budget requests up to $30 billion in new loan guarantee authority for FHA’s multifamily, hospital, and healthcare mortgage insurance programs.To further support homeownership opportunities, the budget seeks $550 billion in new guarantee authority for Ginnie Mae, a part of HUD. Ginnie Mae makes affordable housing a reality for millions of low- and moderate-income households across America by channeling global capital into the nation’s housing markets. Specifically, Ginnie Mae provides significant liquidity, allowing lenders to obtain a better price for their mortgage loans in the secondary mortgage market. The lenders can then use the proceeds to fund new mortgage loans.The proposal is also seeking a combined $290 million for HUD’s Office of Lead Hazard Control and Healthy Homes aimed to help protect families and young children from potentially dangerous lead-based paint and other home health and safety hazards. This doubles the investment sought last year and represents a historic contribution to state and local governments.  HUD-assisted households could see a $4.7 million increase in rental assistance, for a total of  $37.9 billion, in order to maintain current support to participating households. This request includes $22.2 billion for HUD’s Housing Choice Voucher Program and $12 billion to renew rental subsidies to privately owned multifamily housing developments through the Project-based Rental Assistance (PBRA) Program. The Housing for the Elderly (Section 202) program seeks a $43 million increase and the Housing for Persons with Disabilities (Section 811) program seeks a $17 million increase, a total of $644 million in total additional funding.Similar to last year, the budget is seeking $62.3 million to support HUD’s fair housing mission. According to HUD’s media release, the Trump administration believes the current structure generates significant and increasing costs to the federal government and represents a one-size-fits-all approach that adequately considers local community needs. With the Making Affordable Housing Work Act (MAHWA), submitted to Congress in April 2018, HUD proposed to reform rental assistance to address these issues.Read the full report here. The Best Markets For Residential Property Investors 2 days ago Previous: Time and Policy to Heal New York Foreclosure Backlog Next: Economist on the Housing Market: “A Complete Wreck” The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Stephanie Bacot is an experienced multimedia writer having created content for print, web, television, and more. She is the past producer of BIZTV, a national television network for businesses and entrepreneurs that reached more than 200,000 professionals. She has more than 15 years’ experience in healthcare marketing and was an advertising exec for Healthcare Journal of Baton Rouge, a trade publication focused on the healthcare industry, as well as the marketing director for a $5 million surgery center. Bacot is a graduate of Louisiana State University with a degree in Marketing and Communications. She resides in Dallas when she’s not pursuing her love of travel. Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post March 11, 2019 2,309 Views last_img read more

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NFL Draft order 2020 : Broncos, Buccaneers rising; Jets, Falcons drop with Week 11 wins

first_imgSpeaking of Tampa Bay, if the Buccaneers keep losing and Jameis Winston keeps throwing interceptions as ugly as the four he threw against the Saints, they will join the mix of teams likely looking at QBs early in the 2020 NFL Draft.MORE: SN’s latest 2020 NFL mock draftBelow is the updated 2020 NFL Draft order after the Sunday games of Week 11.2020 NFL Draft orderPickTeamRecord1.Cincinnati Bengals0-102.Washington Redskins1-93.New York Giants2-84.Miami Dolphins2-85.New York Jets3-76.Tampa Bay Buccaneers3-77.Denver Broncos3-78.Atlanta Falcons3-79.Arizona Cardinals3-7-110.Detroit Lions3-6-111.Jacksonville Jaguars4-612.Los Angeles Chargers4-613.Cleveland Browns4-614.Oakland Raiders(via 4-6 Bears)15.Philadelphia Eagles5-516.Miami Dolphins(via 5-5 Steelers)17.Tennessee Titans5-518.Carolina Panthers5-519.Oakland Raiders6-420.Jacksonville Jaguars(via 6-4 Rams)(The teams currently slated with pick Nos. 20-32 are in the playoff picture.) The whole “Tank for Tua” theme for the NFL’s worst teams this season might have been ruined by the Alabama quarterback’s hip injury. But for teams like the Redskins, Dolphins and Buccaneers who may or may not be hoping to challenge the Bengals for the No. 1 overall pick in the 2020 NFL Draft and a QB of their choice, the class still figures to be strong.The Tank Bowl in Week 11 featured the Redskins and Jets, with Washington’s loss dropping it to 1-9, moving up to No. 2 in the draft order for 2020. New York, now on a two-game winning streak, dropped back to No. 5 overall and joined Tampa Bay, Denver and Atlanta with 3-7 records. In SN’s latest NFL mock draft for 2020, we have the Bengals holding on to the No. 1 overall pick and selecting LSU quarterback Joe Burrow. With Tua Tagovailoa slipping out of the first round due to his injury, the next QB off our board is Oregan’s Justin Herbert, selected by the Dolphins at No. 4.With the No. 2 overall pick, we have the Redskins taking Georgia tackle Andrew Thomas, and at No. 3, we have the Giants selecting Ohio State edge rusher Chase Young.The Jets, despite their winning streak, still sit at No. 5, where we have them taking Alabama wide receiver Jerry Jeudy.last_img read more

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