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OceanFirst Bank in Redlining Settlement with HUD

OceanFirst Bank in Redlining Settlement with HUD

by Phil Hall | Sep 19, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) announced a settlement with Toms River, New Jersey-based OceanFirst Bank that resolves charges of redlining in the New Brunswick, New Jersey area. HUD investigated the charges in a probe conducted alongside...
HUD, Appraisal Foundation Offer Different Spins on Conciliation Agreement

HUD, Appraisal Foundation Offer Different Spins on Conciliation Agreement

by Phil Hall | Jul 12, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) and The Appraisal Foundation reached a conciliation agreement yesterday that resolved a December 2021 investigation ordered by former HUD Secretary Marcia Fudge into allegations of discrimination into the...
HUD Releases $85 Million in PRO Housing Program Grants

HUD Releases $85 Million in PRO Housing Program Grants

by Phil Hall | Jun 26, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

Ahead of tomorrow’s presidential debate, the Biden administration is announcing $85 million in grant funding for the Pathways to Removing Obstacles to Housing (PRO Housing) program, which is designed to lower housing costs and remove barriers to affordable housing...
HUD Announces Final Rule for Federal Flood Risk Management Standard

HUD Announces Final Rule for Federal Flood Risk Management Standard

by Phil Hall | Apr 22, 2024 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) published a Federal Flood Risk Management Standard (FFRMS) final rule in the Federal Register designed to help communities prepare for and reduce flood damage. According to HUD, the final rule updates two of...

HUD Allocates $10 Million for Community Revitalization Grants

by Phil Hall | Apr 10, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) has issued a new notice of funding opportunity through the FY24 Choice Neighborhoods Planning Grant to provide $10 million for support local planning efforts to revitalize communities. Approximately 20...
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