HUD OKs diverting Katrina housing funds
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The federal government on Friday approved Mississippi's plan to divert $600 million in hurricane housing funds to a port improvement project, angering critics who say tens of thousands of people made homeless by Hurricane Katrina still need help.
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After downplaying the risks for months, the Federal Emergency Management Agency said Thursday it will rush to move Gulf Coast hurricane victims out of roughly 35,000 government-issued trailers because tests found dangerous levels of formaldehyde fumes.
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The government is squandering tens of millions of dollars in Hurricane Katrina disaster help, in some cases doling out housing payments to people living rent-free, investigators said  yesterday.
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The federal government said Wednesday it will demolish some of the largest public housing projects in New Orleans, using the aftermath of Hurricane Katrina to help improve poor, crime-ridden neighborhoods.
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The bill would allow the Federal Housing Administration to back refinanced loans for tens of thousands of borrowers who are delinquent on mortgage payments.
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By Tom Wilemon, The Sun Herald, Biloxi, Miss.  Mar. 7--BILOXI -- The Biloxi City Council chose a firm to devise a new post-Katrina comprehensive plan Tuesday and also discussed widening the time frame for homeowners to build back at lower elevations.
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Only $1 billion of the $77 billion the city is seeking from the Army Corps of Engineers is for infrastructure damages it says it suffered because of levee breaches during Hurricane Katrina. The rest is for such things as the city's tarnished image and tourist industry losses.
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The House on Saturday unanimously approved &#36;14.5 billion for hurricane victims and struggling farmers as Congress moved a step closer to showering money on Florida and other pivotal states in the upcoming elections.
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The massive federally funded program for rebuilding hurricane-damaged Louisiana homes is short nearly $3 billion largely because Louisiana officials are compensating thousands of homeowners who were not originally supposed to benefit, according to an analysis by the Bush administration.
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An affordable housing fund envisioned as part of a reform measure for mortgage finance companies Fannie Mae and Freddie Mac should have several contributors and be managed by a wide range of housing groups, a top congressional Democrat said on Thursday.
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FEMA abruptly closed down a site housing Hurricane Katrina victims Sunday because of health and safety concerns, and its weary residents said they were being left in the lurch once again since losing everything in the storm.
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NEW ORLEANS, Dec. 7 -- Public housing officials decided Thursday to proceed with the demolition of more than 3,500 government apartments here, brushing aside an outcry from residents displaced by Hurricane Katrina who said the move was intended to reduce the ability of poor black people to...
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Fannie Mae and Freddie Mac will have to increase their funding of mortgages for low- and moderate-income home buyers, under a new rule the Department of Housing and Urban Development announced yesterday.
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By Michael A. Bell, The Sun Herald, Biloxi, Miss.  Jun. 10--HARRISON COUNTY -- County leaders have given the green light to a new alternative-housing pilot program.   The plan is to provide FEMA trailer residents with safer and better-designed emergency homes.
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Scott Oliver didn't need government help to rebuild his beachfront property. Using his own money, he built a concrete compound to replace the wood-frame home Hurricane Katrina smashed to bits.
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Louisiana has distributed less than $2 billion in federal aid to communities hit by Hurricane Katrina, drawing complaints from some New Orleans officials that the state is slowing their recovery.
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The Senate moved against the worsening mortgage crisis Friday, voting to make it easier for thousands of homeowners with ballooning interest rates to refinance into federally insured loans.