HUD’s hiring of Eric Blankenstein, who is accused of posting racist blogs, is unbelievable.
By 2021, the most popular and widely-used interest-rate benchmark, the London Interbank Offered Rate (LIBOR), will no longer exist as a benchmark for the $2 trillion in outstanding loans in the United States. In its place will most likely be the Secured Overnight Financing Rate (SOFR), which is broadly considered to be more robust and realistic than LIBOR. Nearly every borrower in the country that is paying off debt that is set based on the LIBOR will be affected by this change.
A federal judge on Friday threw out a lawsuit against Housing and Urban Development Secretary Ben Carson and his agency, dealing a blow to advocates challenging how the department enforces fair housing laws.
The Department of Housing and Urban Development is accusing Facebook of violating the Fair Housing Act.
HUD released an Advanced Notice of Proposed Rulemaking (ANPR) to reconsider HUD’s implementation of the Affirmatively Further Fair Housing (AFFH) rule.
HUD appears to be thinking about how to create loopholes to avoid findings of disparate impact, a standard that says discrimination, regardless of intent, is illegal.
Carson suspended the rule in January, allowing local and state governments to continue receiving HUD grants without compliance with the full requirements of the Fair Housing Act.
Ben Carson’s proposal would put nearly 1 million children at risk of homelessness, the Center on Budget and Policy Priorities said.
In 2017, the number of reported housing discrimination complaints increased slightly to 28,843, according to the report. Of these, HUD processed 1,311.
This proposal is part of a comprehensive effort by the Trump administration and Republicans in Congress to restrict access to the safety net and reduce the levels of assistance for those who do qualify.