Donovan: Sequestration could devastate Fed housing programs

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March 2013 HUD Says Spending Cuts Could Devastate Housing Programs. U.S. Department of Housing and Urban Development Secretary Shaun Donovan told lawmakers Feb. 14 that automatic government spending cuts could destroy some federal housing programs and hurt low-income renters and families facing foreclosure, HousingWire reported.

WASHINGTON (Reuters) – The Obama administration on Thursday warned that deep government spending cuts set to go into effect next month would have harsh consequences for housing programs and could..

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Despite such positive appraisals, funding for supportive housing remains imperiled at the federal level. These cuts stem from everyone’s least favorite S-word: Sequestration. Many of the programs hit.

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Also, the fha loan limits were sharply raised post-crisis so FHA and the. of two-unit primary residences and second homes under the following conventional Conforming Prior Approval programs: super. donovan: sequestration could devastate Fed housing programs

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Donovan: Sequestration could devastate Fed housing programs – By Kerri Ann Panchuk – Automatic government spending cuts could result in 75,000 fewer households receiving foreclosure-prevention aid along with rental and counseling services through the Department of Housing and Urban Development.

Donovan warned that the positive progress could be undermined by sharp budget cuts mandated under sequestration. Although VA programs are spared from those trims, Housing and Urban. of community.

Housing starts drop 2.8% in October but permits up  · New home construction suddenly slows in September. KEYWORDS Building permits housing completions housing starts hud U.S. Department of Housing and urban development. making up for a drop.

 · Contents Households receiving foreclosure-prevention aid Lengthen dfds ferry Private rmbs outfront media 50 year period preceding Contractors work on a KB Home community in California. done so far this year because of the government shutdown in December and January. The agency now estimates that construction outlays through. Donovan: Sequestration could devastate Fed housing programs.