Government Archive


A Lending Hand – HUD and DOT Announce Partnership to Promote Sustainable Communities

RISMEDIA, March 21, 2009-U.S. Department of Housing and Urban Development (HUD) secretary Shaun Donovan and U.S. Department of Transportation (DOT) secretary Ray LaHood announced a new partnership to help American families gain better access to affordable housing, more transportation options, and lower transportation costs. ...


Small Businesses to Benefit as Credit Lines are Loosened

RISMEDIA, March 19, 2009-(MCT)-As the economy continues to suffer and jobs are lost and business owners continually push to keep things moving forward so they are in the right place at the right time when the market turns, President Barack Obama is doing his job to help small businesses get on the right track. Working to jumpstart the economy's engine of job creation, Obama announced that the Treasury Department would spend up to $15 billion to boost lending to credit-hungry small businesses.


HUD Awards $12 Million in Grants to Bring Jobs, Economic Independence to Public Housing Residents

RISMEDIA, March 16, 2009-The U.S. Department of Housing and Urban Development (HUD) awarded nearly $12 million in grants to 207 public housing agencies across the U.S. to help public housing residents find jobs that lead them toward economic independence. ...


Mortgage and Financial Markets Continue to Slow Housing Activity

RISMEDIA, March 13, 2009-The National Association of Home Builders (NAHB) told Congress that the housing sector is still being significantly affected by the upheaval in the financial and mortgage markets that started in 2007, and there is deep concern that these financial dislocations will increase the depth and length of ...


Appraisal Institute Urges Congress to Address Feeble Oversight

RISMEDIA, March 13, 2009-In testifying before Congress yesterday, the Appraisal Institute told lawmakers that mortgage reform legislation is needed to address structural weaknesses in mortgage industry regulation. Calling current regulatory oversight "feeble," the Appraisal Institute called upon Congress to provide state and federal appraisal oversight agencies with greater enforcement power, ...


Committee Passes Small Business Administration Budget Recommendation

RISMEDIA, March 13, 2009-The House Committee on Small Business submitted its recommendations for the Small Business Administration's (SBA) Fiscal Year 2010 budget, doubling previous budgets by proposing $1.43 billion in funding for agency programs that will help local businesses stay afloat and promote economic recovery. The recommendations submitted by the ...


Predatory Lending Practices among Latinos to be Addressed before Congress

RISMEDIA, March 12, 2009-The National Council of La Raza (NCLR), the largest civil rights and advocacy organization in the United States, will testify before the U.S. House Committee on Financial Services today on Latino wealth-building priorities and reforming the nation's broken mortgage system. Since the hearing will look at consumer ...


Realtor Recommendations Make Headway in House

RISMEDIA, February 2, 2009-The U.S. House of Representatives has taken a significant step toward economic recovery in passing H.R. 1, The American Recovery and Reinvestment Act of 2009. ...


Obama’s Stimulus Package Should Help Economy, Experts Say

By Kevin G. Hall RISMEDIA, January 29, 2009-(MCT)-Economists think the stimulus plan at hand, while far from perfect, will help stimulate the moribund U.S. economy.


Realtors Welcome President Barack Obama

RISMEDIA, January 22, 2009-Following the inauguration of President Barack Obama, National Association of Realtors(R) President Charles McMillan issued this statement: ...


Congress Introduces H.R. 600, Reinstating DPA

RISMEDIA, January 20, 2009-On Friday, U.S. Representative Al Green introduced a bill, H.R. 600, that would reinstate downpayment assistance (DPA). ...


Democrats Unveil Stimulus Plan Totaling Over $825 Billion

By Kevin G. Hall and David Lightman ...


Obama on Track to Win $350 Billion from Congress for Bailout

Realtors Reiterate Keys to Housing Recovery By Steven Thomma and David Lightman RISMEDIA, January 15, 2009-(MCT/RISMedia)-A week before taking office, President-elect Barack Obama worked Tuesday to ensure that he'll have more than a trillion dollars at his disposal within weeks


Is There Still Hope for Housing?

Obama Asks for Rest of Bailout Money, Pledges Tougher Rules By Kevin G. Hall and David Lightman RISMEDIA, January 14, 2009-(MCT/RISMedia)-President-elect Barack Obama asked the Bush administration on Monday for the remaining $350 billion in Wall Street rescue money, hoping to have the funds available


House Bill Aims to Stabilize Housing, Addresses Foreclosures and Stimulus

RISMEDIA, January 13, 2009-A bill that embraces the need for righting the housing market-the first big step toward economic recovery-was introduced Friday in the U.S. House of Representatives. ...