Posts Tagged ‘assistant secretary’

Galante finally Approved to Lead FHA

January 2nd, 2013 Comments off

NationalMortgageNews reports over a year after the Senate Banking Committee voted to send Carol Galante’s confirmation to the full Senate as Commissioner of the Federal Housing Administration (FHA), the Senate voted 69-24 to confirm her appointment Sunday during a special session dealing with the fiscal cliff controversy. As MHProNews reported Dec. 14, 2011, Sen. Jim Demint, (R-SC), leveling charges at Ms. Galante of being short-sighted at a Senate Banking Committee hearing on her nomination, said, “We need people with a sense of urgency (italics added) about the need to turn things around and reduce our debt and avoid future bailouts.” Sen. Bob Corker (R-Tenn.), noting more needs to be done to repair FHA’s financially challenged single-family program, says as the confirmed commissioner Galante can now assemble her own staff and take more aggressive steps. The acting head of FHA since July 2011, she will also serve as a HUD assistant secretary.

(Photo credit: HUD GOV–Carol Galante)

Funding for Senior Affordable Housing

December 24th, 2012 Comments off

The Department of Housing and Urban Development (HUD) announces it has awarded $26 million in grants to the owners of non-profit owners of multi-family housing developments to convert their units into dwellings outfitted to accommodate the needs of the elderly seeking to age in place. With funding from HUD’s Assisted Living Conversion Program, the goal is to provide seniors who prefer to live independently but need assistance in the activities of daily living—dressing, eating, bathing, etc., much like what is provided in an assisted living facility. MHProNew has learned the 11 facilities represent nine states. As HUD’s Assistant Secretary for Housing Carol Galante says, “ We’re getting older as a nation and with that demographic shift, there is a growing demand for affordable housing that will allow our seniors to live independently in their own homes.”

(Photo credit: BloombergBusinessWeek)

MHARR to HUD: Respond to Affordable Housing Need, not Regulators

July 25th, 2012 Comments off

The Manufactured Housing Association for Regulatory Reform (MHARR), in its continuing attempts for the Department of Housing and Urban Development (HUD) to fully and properly implement the Manufactured Housing Improvement Act of 2000 which especially impacts the industry’s smaller businesses, sent a letter July 19, 2012 to HUD Assistant Secretary for Housing-Federal Housing Commissioner Carol Galante suggesting: The Secretary reject the pending “conditional” federal sprinkler standard; subject expanded in-plant regulation to Manufactured Housing Consensus Committee (MHCC) review and rule making; HUD should reduce funding for the program monitoring contract and allocate resources to the State Administrative Agencies (SAAs); and HUD should finalize action on an “On Site Completion” rule. MHProNews notes, as MHARR has asked repeatedly, that HUD make manufactured housing a priority in response to the need for affordable housing in these United States. For the complete letter, click here.

(Image credit: MHARR)

HUD Suspends MHCC Activities

May 17th, 2012 Comments off

Following HUD’s suspension of the Manufactured Housing Consensus Committee (MHCC) Administering Organization (AO) services by the National Fire Protection Association (NFPA) because of HUD’s failure to pay the NFPA, the Manufactured Housing Association for Regulatory Reform (MHARR) sent a letter to Carol Galante, HUD Assistant Secretary-Federal Housing Commissioner. In reminding Ms. Galante of their meeting last fall in which the importance of the MHCC as part of the Manufactured Housing Improvement Act of 2000 was stressed for proper operation of the MH program, MHARR President Danny Ghorbani reiterates HUD’s disregarding the role of the MHCC as intended by Congress. He says, “…the indefinite suspension of all MHCC activities threatens to return the program to the type of closed door, unaccountable and non-transparent regulatory practices that Congress sought to end through the reforms of the 2000 law.”

(Image credit: Wikipedia Commons)

HUD Housing Scorecard is Mixed Bag

February 9th, 2012 Comments off

In their release of the nation’s housing scorecard for 2011, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury noted mixed signals as foreclosure starts fell but foreclosure completions climbed and as new home sales fell existing home sales climbed. Existing home inventories fell from 3.2 million in Q2 to 2.4 million in the fourth quarter 2011. Noting the continuing fragility of the housing market, the Obama administration says over 5.6 million mortgage modifications were started between April 2009 and Dec. 2011. Further, 930,000 homeowners have received a HAMP (Home Affordable Modification Program) permanent modification which the administration says has saved $10.5 billion in monthly mortgage payments. HUD Assistant Secretary Raphael Bostic says, “We must remain diligent to improve conditions in the nation’s housing market.”

(Photo credit: Wikipedia)