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The Library => The SGA => Topic started by: AUTailgatingRules on July 22, 2013, 05:49:02 PM
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http://www.cnsnews.com/news/article/huds-new-fair-housing-rule-establishes-diversity-data-every-neighborhood-us
HUD's New 'Fair Housing' Rule Establishes Diversity Data for Every Neighborhood in U.S.
July 22, 2013 - 10:54 AM
By Susan Jones
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(AP File Photo)
(CNSNews.com) - To ensure that "every American is able to choose to live in a community they feel proud of," HUD has published a new fair-housing regulation intended to give people access to better neighborhoods than the ones they currently live in.
The goal is to help communities understand "fair housing barriers" and "establish clear goals" for "improving integrated living patterns and overcoming historic patterns of segregation."
“This proposed rule represents a 21st century approach to fair housing, a step forward to ensuring that every American is able to choose to live in a community they feel proud of – where they have a fair shot at reaching their full potential in life,†said HUD Secretary Shaun Donovan.
“For the first time ever," Donovan added, "HUD will provide data for every neighborhood in the country, detailing the access African American, Latino, Asian, and other communities have to local assets, including schools, jobs, transportation, and other important neighborhood resources that can play a role in helping people move into the middle class."
Social engineering
According to HUD, long-term solutions include "helping people gain access to different neighborhoods and channeling investments into under-served areas." The mapping tool may guide development and zoning decisions, for example.
In a July 16 speech to the NAACP, Donovan said the American Dream still isn't within equal reach of all communities. He lamented the lack of diversity in America's boardrooms, schools, and the nation's "strongest neighborhoods."
"We have got to shape a future where ladders of opportunity are available for all Americans," Donovan said. "For African Americans, this is critically important. Historically, for this community, the rungs on these ladders have been too far apart -– making it harder to reach the middle class."
Donovan said HUD's new neighborhood mapping tool, which uses Census data, will "expand access to high opportunity neighborhoods and draw attention to investment possibilities in under-served communities."
"Make no mistake, this is a big deal," Donovan said. "With the HUD budget alone, we are talking about billions of dollars. And as you know, decades ago, these funds were used to support discrimination. Now, they will be used to expand opportunity and bring communities closer to the American Dream."
Under the Fair Housing Act, HUD requires grantees, such as cities, that receive federal housing funds to "affirmatively further fair housing."
Under the proposed rule, the neighborhood data provided by HUD will be used to evaluate patterns of integration and segregation, racial and ethnic concentrations of poverty, and access to "valuable community assets." HUD wants to know if existing laws and policies -- such as zoning, financing, infrastructure planning and transportation -- create, perpetuate or alleviate segregation.
The proposed rule explicitly incorporates fair-housing decision-making into existing planning processes and "other decision-making that influences how communities and regions grow and develop."
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Well for several years there, the American dream was in reach. Problem is, they didn't pay their mortgage. We'll be in the same situation in another 10 years.
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I have my eye on this really nice gated community on the golf course. I have a 10 year plan on how to get in there.
Does this new HUD plan mean I can get there in 2?
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I have my eye on this really nice gated community on the golf course. I have a 10 year plan on how to get in there.
Does this new HUD plan mean I can get there in 2?
...and stay there for almost as long.
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Fair Housing = Buying a house you can afford fairly
Fair Housing IS NOT letting people buy houses they can't afford in order to add color to a neighborhood.
This should be illegal.
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Fair Housing = Buying a house you can afford fairly
Fair Housing IS NOT letting people buy houses they can't afford in order to add color to a neighborhood.
This should be illegal.
Nothing is with this administration.
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Fair Housing IS NOT letting people buy houses they can't afford in order to add color to a neighborhood.
You are not understanding this correctly. This program will use Gov't money to HELP people afford nicer homes in order to add color to the neighborhood.
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Does this mean I can get a good rate in downtown Detroit?
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Fair Housing = Buying a house you can afford fairly
Fair Housing IS NOT letting people buy houses they can't afford in order to add color to a neighborhood.
This should be illegal.
Community Reinvestment Act. Also known as what REALLY caused the market collapse in 2008/2009. Subprime lending, 120% value loans, overlooking Income requirements. The mortgage back securities trade off was merely a symptom of a housing bubble caused by the govt itself.
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Does this mean I can get a good rate in downtown Detroit?
Average home price in Detroit is just over $5,000. Pretty sure you don't need a loan for that
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Average home price in Detroit is just over $5,000. Pretty sure you don't need a loan for that
Yeah, but I want my own block. I'm picky about neighbors. :getoff:
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One thing I always vehemently opposed while it was going on was all the Fannie Mae and Freddie Mac shit where they said "everyone deserved to own a home".
No the fuck they don't! Period. End of story.
A house is what you work for by paying your bills and living within your means.
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One thing I always vehemently opposed while it was going on was all the Fannie Mae and Freddie Mac shit where they said "everyone deserved to own a home".
No the fuck they don't! Period. End of story.
A house is what you work for by paying your bills and living within your means.
This
Most residential homes that were in default status were due to this. Most also had subprime mortgages. You ever gotten a 110% subprime, no money down mortgage ? I know I haven't.
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This
Most residential homes that were in default status were due to this. Most also had subprime mortgages. You ever gotten a 110% subprime, no money down mortgage ? I know I haven't.
We were talking about this the other day. When the wife's sister lived in "Atlanta"...Ackworth, every time we'd go over there during a period of around 2003-2008, I'd comment on how the hell so many people had that much money. There were literally hundreds of homes being built at any one time. All of them in that $500K to a couple million and up range.
Turns out there weren't that many people with that much money. But they got the loans as if they did.
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This
Most residential homes that were in default status were due to this. Most also had subprime mortgages. You ever gotten a 110% subprime, no money down mortgage ? I know I haven't.
You prolly made to much money to qualify. Having a good job, saving your money, paying your bills are disqualifiers for this type of loan. :facepalm: