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In December 1988, an encampment was set up outside City Hall to protest City Councilmembers who wouldn't allow Dignity Housing to buy federally repossessed homes in their districts. [158] In April 1992, an encampment dubbed "Caseyville" in protest of Governor Bob Casey's cuts to welfare programs was established in Kensington. Activists and ...
Permanent, federally funded housing came into being in the United States as a part of Franklin Roosevelt's New Deal. Title II, Section 202 of the National Industrial Recovery Act, passed June 16, 1933, directed the Public Works Administration (PWA) to develop a program for the "construction, reconstruction, alteration, or repair under public regulation or control of low-cost housing and slum ...
Mid-year: A total of 801,359 properties received foreclosure notices during the first half of the year, a 19 percent decrease over the previous six months, and 23 percent down from the same period in 2012. 0.61 percent of all households were in some stage of foreclosure during the first half of 2013. [107]
I wrote recently about a problem many communities are facing: ghost neighborhoods filled with empty, repossessed houses ripe for crime. Some cities, anxious to maintain property values, have taken ...
A HUD auction is a form of foreclosure auction except the original lender was a federal agency instead of a private lender. The United States Department of Housing and Urban Development (HUD), is the insurer of loans made through a variety of government programs, particularly FHA loans.
REO sale property in San Diego, California. Real estate owned, or REO, is a term used in the United States to describe a class of property owned by a lender—typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction. [1]
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