The Senate Appropriations Committee has approved $5.2 billion in Community Development Block Grant funds, $1 billion more than the Bush administration requested, to support housing assistance programs in the hurricane-stricken areas of Louisiana, Mississippi, and Texas.If accepted by the House, the extra $1 billion would ensure that Louisiana receives $4.2 billion in CDBG funds requested by President Bush and that CDBG funds will be available to meet housing assistance needs in Mississippi and Texas. The committee's action will "allow us to fully fund our housing program and will enable our citizens to rebuild, repair, and relocate," Louisiana Gov. Kathleen Blanco said. The $106.5 billion supplemental appropriations bill, which includes funding for the Iraq war and hurricane recovery, also increases the president's $1.46 billion request for rebuilding levies by $628.7 million -- contingent on a formal request by the president for the additional funding.
-
Flatworld Mortgage Solutions says its former vice president breached his employment agreements by soliciting its customers as he formed a rival offshoring firm.
30m ago -
The HomeSafe Second product is now available in more than one third of all states, according to the reverse mortgage specialist.
1h ago -
The Department of Housing and Urban Development agreed to do more to manage due-and-payable obligations contingent on the availability of certain resources.
1h ago -
The ex-housing official is returning to a previous employer with the aim of helping guide the firm through an evolving landscape in federal policy.
1h ago -
A $160 million deal to merge Hometown Financial Group subsidiaries and Primary Bank will lead to consolidation under a single brand name of TruNorth.
1h ago -
The Aspire business reported $2.1 billion of lock volume, up 32% from the first quarter, but total production at the REIT fell to $8 billion from $8.5 billion.
2h ago









