OBAMA ADMINISTRATION RELEASES APRIL HOUSING SCORECARD

WASHINGTON- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the April edition of the Obama Administration’s Housing Scorecard – a comprehensive report on the nation’s housing market. Data in the April Housing Scorecard show some promising signs of stability, though the overall outlook remains mixed. Mortgage delinquencies have declined for four consecutive months and remain substantially below year ago levels, while sales of existing homes in the first quarter were 5.3 percent higher than one year ago. Data on home prices were soft in many mortgage markets, though adjusting for the traditionally slow winter months reveals the first uptick in prices since April 2011. The full report is available online at www.hud.gov/scorecard.

HUD AND OBAMA ADMINISTRATION OFFICIALS HOST GEORGIA WHITE HOUSE FORUM ON HOUSING

WASHINGTON – Today, the U.S. Department of Housing and Urban Development (HUD), the U.S. Department of the Treasury, and the U.S. Department of Agriculture (USDA) hosted a White House Forum on Housing to discuss programs and initiatives promoted by the Obama Administration that help responsible homeowners and struggling communities hit hardest by the housing crisis. The White House Housing Forum convened Georgia housing officials, regional and local leaders, housing and development alliances and community advocates in the Eisenhower Executive Office Building this afternoon for the discussion.

HUD Awards $600,000 Grant to Promote Affordable Housing, Economic Development to Iowa Native American Community

WASHINGTON – The U.S. Department of Housing and Urban Development today awarded $600,000 to the Sac & Fox Tribe of the Mississippi in Tama, Iowa to improve housing conditions, promote community development and to spur local economies with construction projects and jobs. The competitive grants awarded are part of HUD’s Indian Community Development Block Grant (ICDBG) Program that address a wide variety of community development and affordable housing activities for low- to moderate-income families.

HUD Approves $10.7 Million Refinancing Deal for Rio Grande Hospital

DENVER – The U.S. Department of Housing and Urban Development (HUD) today announced a commitment to insure a mortgage loan to Valley Citizen’s Foundation for Health Care, Inc. which is doing business as Rio Grande Hospital in Del Norte, Colorado. It is estimated the refinanced debt will save the hospital more than $168,000 a year in principal and interest and more than $1.6 million over the life of the loan.

$3 Million in Grants to Promote Affordable Housing and Economic Development in Native American Communities in Montana

WASHINGTON – The U.S. Department of Housing and Urban Development today awarded $2.9 million to three tribal communities in Montana to improve housing conditions, promote community development and to spur local economies with construction projects and jobs. The competitive grants awarded are part of HUD’s Indian Community Development Block Grant (ICDBG) Program that addresses a wide variety of community development and affordable housing activities for low- to moderate-income families.