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Archive for September 23, 2010

HUD OFFERS $19 MILLION TO CLEAN UP HAZARDS IN HOUSING

September 23, 2010 Leave a comment

WASHINGTON – The U.S. Department of Housing and Urban Development is offering $19.6 million in grants to prevent and correct housing-related health and safety hazards in low-income housing and to support programs for the control of asthma among residents in federally assisted multifamily housing.

HUD is making these grants available through its Healthy Homes Production, Asthma Interventions in Public and Assisted Multifamily Housing, Lead Technical Studies, and Healthy Homes Technical Studies grant programs.

“The grants we will award under these four programs will enable thousands of families to live in healthier homes, and develop new ways of addressing housing-related hazards,” said HUD Deputy Secretary Ron Sims. “More than 6 million families in the U.S. live in homes with moderate to severe physical housing problems, so it’s critical that HUD focus on producing homes that are safe and healthy, one of our new programs. Our second new program will reduce asthma triggers in homes.”

HUD is making grants available through the following programs:

Healthy Homes Production Program – $10 million – This new, production-oriented grant program is modeled after the previously successful Healthy Homes Demonstration and Lead Hazard Control grant programs, and will enable public and private grantees to address multiple housing-related hazards at the same time. It complements other HUD efforts to mitigate multiple hazards efficiently, such as HUD’s Green and Healthy Homes Initiative, begun earlier this year to make healthy and green retrofits in low-income housing in 14 communities by meshing separate agencies’ and philanthropic resources.

Applications due date: Monday, November 8, 2010.

Asthma Interventions in Public and Assisted Multifamily Housing Grant Program – $2.6 million – These new grants will develop, implement, and evaluate multifaceted programs for the control of asthma among residents of federally assisted multifamily housing. HUD is targeting asthma because it is a common illness that especially affects disadvantaged populations, and because multi-pronged interventions, such as reducing exposure to environmental triggers, can help control the disease.

Application due date: Tuesday, November 16, 2010.

Lead Technical Studies Grant Program – $1 million – These grants will further previous research grants that have provided health and housing professionals with knowledge on how to reduce the number of lead poisoned children. They are critical for achieving the goal of eliminating childhood lead poisoning as a major public health problem.

Applications due date: Monday, November 8, 2010.

Healthy Homes Technical Studies Grant Program – $6 million – These grants will help develop and improve low-cost methods for identifying and reducing housing-related hazards. They will improve our understanding of the relationship between residential exposures by children or other vulnerable populations and illness or injury.

Application due date: Monday, November 8, 2010.

HUD will award grants in these four programs to approximately 33 recipients ranging from $250,000 to $1,000,000. Applications may be downloaded from Web links provided on HUD’s Funds Available website.

Maine Mortgage Rate Update for September 23, 2010

September 23, 2010 Leave a comment

Maine Mortgage Rate Update for September 23, 2010

What Mortgage Backed Securities (MBS) Are Doing Today:

  • The price of the FNMA 30-Year 4.0% MBS coupon opened at 102.91 this morning – the same as yesterday’s close.
  • At 9:30 AM, the 4.0% MBS coupon was trading at 103.06 – up 5/32 from its opening.

Remember, on mortgage backed securities (MBSs), as the price goes down, the yield goes up – and so do mortgage rates. I expect that Maine mortgage rates will be about 0.125 points better in price this morning as compared to yesterday afternoon.

Home sales up 7.6 pct. in August; sales still weak

September 23, 2010 Leave a comment

WASHINGTON (AP) — Sales of previously occupied homes rose last month, but not enough to keep August from being the second-worst month for sales in more than a decade.

The National Association of Realtors says sales rose 7.6 percent in August to a seasonally adjusted annual rate of 4.13 million. Sales were down 19 percent from the same month a year earlier.

July was the worst month for sales in 15 years. That was changed by the slightly upward revision to a pace of 3.84 million. High unemployment, falling home prices and a tight credit have kept people from buying homes. The industry received a boost this spring when the government offered home-buying tax credits, but has struggled since those expired in April.

The median sale price was $178,600, up 0.8 percent from a year ago.

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