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The United States Housing and Economic Recovery Act of 2008 (commonly referred to as HERA) was designed primarily to address the subprime mortgage crisis.It authorized the Federal Housing Administration to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers if lenders wrote down principal loan balances to 90 percent of current appraisal value.
Since 2013, buyers receiving down payment assistance from HOME are required to participate in pre-purchasing homeownership counseling, and in August 2021 full implementation of HUD regulations requiring counseling be provided by certified counselors employed by HUD-approved housing counseling agencies took effect standardizing the curriculum ...
Volume Chapter Parts Regulatory Entity 1: 0-99: Office of the Secretary, Department of Housing and Urban Development I: 100-199: Office of Assistant Secretary for Equal Opportunity, Department of Housing and Urban Development
Even though the program operates through a HAP contract, HUD practices and the renewal terms dictated by Congress disfavor private capital investment in Mod. Rehab.–assisted properties: Long-term assistance contract. For a number of reasons, HUD has adopted the practice of renewing Mod. Rehab. contracts for only one year at a time. [21]
The Housing for Older Persons Act of 1995 (HOPA) (Pub. L. 104–76 (text), 109 Stat. 787, enacted December 28, 1995) amends Title VIII of the Civil Rights Act of 1968 (Fair Housing Act).
Affirmatively Furthering Fair Housing (AFFH) is a provision of the 1968 federal Fair Housing Act [1] signed into law by President Lyndon B. Johnson.The law requires that "All executive departments and agencies shall administer their programs and activities relating to housing and urban development (including any Federal agency having regulatory or supervisory authority over financial ...
The Fifth Amendment's Takings clause does not provide for the compensation of relocation expenses if the government takes a citizen's property. [1] Therefore, until 1962, citizens displaced by a federal project were guaranteed just compensation for the property taken by the government, but had no legal right or benefit for the expenses they paid to relocate.
As the program does not require a "one-for-one" replacement of the old housing unit, the new project does not have to house the same number of tenants as the old housing unit did. (The one-for-one replacement policy was repealed by Congress in 1998, separately from HUD's implementation of HOPE VI.)