HUD, HUD INSPECTOR GENERAL AND U.S. ATTORNEY ANNOUNCE $202 MILLION SETTLEMENT WITH DEUTSCHE BANK AND MORTGAGEIT

Preet Bharara, the United States Attorney for the Southern District of New York, Stuart F. Delery, the Acting Assistant Attorney General for the Civil Division of the U.S. Department of Justice, Helen Kanovsky, General Counsel of the U.S. Department of Housing and Urban Development (“HUD”), and David A. Montoya, Inspector General of HUD, announced today that the United States has settled a civil fraud lawsuit against DEUTSCHE BANK AG, DB STRUCTURED PRODUCTS, INC., DEUTSCHE BANK SECURITIES, INC. (collectively “DEUTSCHE BANK” or the “DEUTSCHE BANK defendants”) and MORTGAGEIT, INC. (“MORTGAGEIT”).

HUD ANNOUNCES AGREEMENT WITH NEBRASKA LANDLORD TO SETTLE HOUSING DISCRIMINATION COMPLAINT

WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) announced today that it has reached a $22,500 settlement agreement with the owner and managers of at Cheyenne Villa Apartments, a 56-unit, HUD-assisted townhome complex in Sydney, Nebraska. The settlement resolves a complaint filed by a resident who uses a wheelchair and walker, who alleged that management the development failed to accommodate her request to transfer to the first available ground-floor unit. The resident also claimed that management denied requests for a parking space and a ramp to ease her access to her unit.

HUD SUSPENDS PHILADELPHIA COMPANY AND PRESIDENT

WASHINGTON – The U.S. Department of Housing and Urban Development today announced that it immediately suspended James H. Grier and Mantua Gardens East, Inc. (MGE) of Philadelphia from doing business with the U.S. Government. In addition to the immediate suspension announced today, HUD also proposed their debarments to prevent Grier and the company from participating in government-related business for a period of five years.

HUD AWARDS MORE THAN $40 MILLION IN GRANTS TO COMBAT HOUSING DISCRIMINATION

WASHINGTON – The U.S. Department of Housing and Urban Development today awarded nearly $41.18 million to 99 fair housing organizations and other non-profit agencies in 35 states and the District of Columbia to assist people who believe they have been victims of housing discrimination (see attached list of grantees). Read a complete project-by-project summary of the programs awarded grants today.

OHUD AWARDS OVER $2.5 MILLION IN GRANTS TO REDUCE HEALTH AND SAFETY HAZARDS IN HOUSING

WASHINGTON – The U.S. Department of Housing and Urban Development today awarded $2.58 million in grants to four projects intended to protect children and families from health hazards in their homes. The awards will be made to academic and non-profit institutions that advance the recognition and control of residential health and safety hazards to improve our understanding of the link between housing and health. Read a complete project-by-project summary of the programs awarded grants today.