HUD: Regulation Hurts Affordable Housing
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Burdensome state and local  regulations hurt efforts to build housing that is affordable  for low- and middle-income people, and the problem has only  worsened over the past decade, a U.S. government report said on  Monday.
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Land trusts encourage affordable urban housing, where surging prices have outpaced moderate incomes.
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It takes residents of these 12 spots longer than most to afford a median-priced home.
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The US Department of Housing and Urban Development has finalized a rule that will require the nation&#39;s two largest housing finance companies to increase their purchase of mortgages for low- and moderate-income families and underserved communities.
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U.S. home construction fell last month for the first time since January, as builders struggled with a glut of unsold homes, but permits for future construction rose, offering mixed signals on the housing outlook.
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Financial market turbulence leading to tighter mortgage lending standards noticeably hurt housing activity in most Federal Reserve districts in recent weeks, adding uncertainty about the recovery of the downtrodden housing sector, the Fed said on Wednesday.
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The US Department of Housing and Urban Development (HUD) will propose an easing of rules that will require Fannie Mae (FNM.N: Quote, Profile, Research) and Freddie Mac (FRE.
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The Federal Reserve Board on Tuesday proposed new protections for high-cost mortgage borrowers to avoid a repeat of the loose lending standards that have put many Americans at risk of losing their homes.
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Under the measure, property owners who can prove that environmental or zoning rules have hurt their investments can force the government to compensate them.
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WASHINGTON -- The Bush administration is working to combat the country's severe housing crisis but there is no simple solution, Treasury Secretary Henry Paulson said Monday, adding that a correction in the housing market is "inevitable and necessary."
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Reporters' poor understanding of housing economics worsens a bad situation.
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The US housing downturn may have serious financial repercussions, experts warn, hitting investment funds linked to sub-prime lending.
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Ground-breaking on new U.S. homes last month fell to the slowest pace since 1991 and fewer building permits were issued than any time since 1993, according to government data released Thursday that points to a deepening housing crisis and heightened risk of recession.
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The current slump in the housing market has done little to make Californian cities affordable.
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Housing on Indian reservations is plagued by substandard infrastructure and overcrowded conditions that can lead to a host of health problems, an advocacy group said Monday.
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U.S. home construction fell last month for the first time since January as builders struggled with a glut of unsold homes, but permits for future building rose, offering mixed signals on the housing outlook.
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Across the country, local governments are feeling a financial strain driven largely by the nationâs real estate downturn and some are considering higher taxes.