Administration

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Paulson Provides More Details on Subprime Plan

Treasury Secretary Henry M. Paulson revealed some of the particulars of the Bush administration's solution to the subprime crisis at the Office of Thrift Supervision National Housing Forum Monday morning. The remarks came just days after Paulson met with the members of the mortgage industry coalition dubbed, HOPE NOW. At that meeting, Paulson charged the group with the task of coming up with a "systematic approach" to the mortgage mess. More

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Paulson Details Administration Mortgage Plan

Will ask Congress to allow states and municipalities to use bonds to fund mortgage refinancings. More

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HUD Faces Opposition in Decision to Ban Private Down-Payment Assistance Programs

The U.S. Department of Housing and Urban Development (HUD) recently announced a plan to eliminate the organization's privately funded down-payment assistance program for loans insured by the Federal Housing Administration because research reveals that homeowners receiving down-payment aid are more likely to default on mortgage loans. HUD's decision has sparked opposition from politicians, special interest groups, and nonprofit organizations that provide down-payment assistance. Two of the nonprofits, The Nehemiah Corp. of America and AmeriDream, filed lawsuits on Monday challenging HUD's ruling. More

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House Blend: April 2007

- Chairman and CEO of Trammel Crow Residential donates $5 million to the Urban Land Institute to create a center for work-force housing. - Emergency #811 to be operational in late April. The number will be used for builders who need to quickly contact local utility companies in case of emergency. - The Federal Highway Administration awards a $2 million contract to the American Institute of Architects (AIA) to study the benefits of well-designed community transportation projects. More

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The Reformer

California Gov. Arnold Schwarzenegger has pledged to “seek to reform onerous regulatory and planning laws to promote home building” in his proposed budget. The administration may propose changes to the 1970 California Environmental Quality Act, with the goal of reducing the costs, time, and opposition builders face when trying to get housing projects approved, especially within urban areas. More

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In Transit

Over the next 20 years, at least one-quarter of all American households is likely to seek housing near transit, according to the Federal Transit Administration. Cities such as Boston, Chicago, Dallas, Los Angeles, New York, Portland, Ore., and San Francisco will offer the biggest increases in housing demand near mass transit stops. The National Association of Realtors predicts this will be the biggest shift in housing since Americans flocked to the suburbs after World War II. More

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The Polisher

New NAHB president wants the association to strengthen and highlight its core... More

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Island Instinct—Policies of the Past

The writer questions an anonymous comment by a mainland home building CEO who credits some of Carr's success to "connections to the island's inner governing circle." More

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Hire Education

Real estate companies, including home builders, have increased their visibility on... More

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Ergonomic Realities

A NEW STUDY IN BRITAIN SUGGESTS THAT CONSTRUCTION workers are at far more risk of developing repetitive strain injuries (RSI) on the job than office workers. In fact, the study by the Chartered Society of Physiotherapy found workers on construction jobsites are five times more likely to suffer from neck pain and upper limb disorders such as tennis elbow than people who sit at a computer station all day. More

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