WASHINGTON - For the second time this year, the U.S. Department of Housing and Urban Development (HUD) will sell thousands of severely delinquent mortgage loans insured by the Federal Housing Administration (FHA) as part of a broader effort to address the housing market's shadow inventory and to target relief to areas experiencing high foreclosure activity. This summer, HUD will sell approximately 20,000 distressed loans through its expanded Distressed Asset Stabilization Program (DASP) to increase recoveries to FHA's Mutual Mortgage Insurance (MMI) Fund from non-performing FHA-insured loans, while contributing to stabilization and recovery in some of the nation's communities hit hardest by the housing crisis.
WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) and Enterprise Community Partners (Enterprise) showcased Native American communities' use of sustainable design and construction strategies today at the National Museum of the American Indian. The event is part of HUD's and Enterprise's continuous effort to promote sustainable construction techniques in Indian Country.
At a town hall meeting today on school safety at the Classical Magnet School in Hartford, I got to hear firsthand how Connecticut is leading the nation in adopting common-sense solutions to reduce gun violence and improve school safety.
In the aftermath of the massacre at the Sandy Hook Elementary School last December, the courage and resilience of teachers, parents, children, and communities in the Newtown area has been nothing short of remarkable.
From Governor Dannel Malloy to state lawmakers to the members of the Sandy Hook Promise, the entire state worked together to pass comprehensive legislation to reduce gun violence.
Unlike here in Washington, Connecticut’s lawmakers didn’t defend the status quo or shrink from tackling difficult questions. With bipartisan support, they enacted a comprehensive law to help curb gun violence and mass shootings that does not infringe on the Second Amendment rights of law-abiding citizens to defend themselves and hunt.
Connecticut’s leaders have set an example of political courage that can teach a lot to Congress and the rest of the nation. At today’s town hall meeting, Governor Malloy talked about how he decided to press ahead for new gun violence prevention measures, despite fierce attacks from the NRA.
By contrast, in Washington, Congress has so far failed to take the sensible step of expanding the background check system to close loopholes that allow criminals and the mentally ill to buy guns.