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Tag Archives: HUD

Hicks named to HUD panel

Cassie Hicks, director of Housing at The University of Southern Mississippi Institute for Disability Studies, has been named as one of 12 members of the first-ever Housing Counseling Federal Advisory Committee. The U.S. Department of Housing and Urban Development organized the committee as a result of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The advisory panel ...

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HUD’s racism charge could nudge Ridgeland into settling housing bias issues

Sunchase Apartments in Ridgeland

By TED CARTER Ridgeland can put health and public safety atop its list of reasons to rid the city of a great number of its multi-family housing units. But then it must justify the dislocation of large numbers of low-and-moderate-income residents, many of whom are black and Hispanic. That justification is probably out of reach, according to Ed Sullivan, who practiced ...

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HUD charges Ridgeland targeted removal of minorities with zoning law

HUD

The goal has been to transform southeast Ridgeland by getting rid of apartments predominantly occupied by African-Americans, HUD says By TED CARTER Ridgeland officials are engaging in “unlawful discrimination based on race,” the U.S. Department of Housing and Urban Development alleges in an administrative complaint that addresses Ridgeland’s campaign to dramatically reduce multi-family rental units in the city. HUD made no ...

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HUD’s suspensions on JRA remain a year later

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By TED CARTER The U.S. Department of Housing and Urban Development has little progress to report one year after suspending the Jackson Redevelopment Authority from further dealings with the agency. The JRA remains suspended for mistakes it made in using HUD dollars to acquire properties for the Farish Street redevelopment, a project that has been dormant since the JRA voided its ...

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BREAKING: Chancery order voids Watkins’ $4.7 million Farish lien

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Remember Jackson’s Farish Street? It’s back in the news with a Chancery Court summary judgment issued Thursday invalidating a $4.7 million lien developer David Watkins put on the buildings along the first block of Farish Street after the Jackson Redevelopment Authority booted him from a stalled effort to remake the block into an entertainment and dining district. The JRA gave ...

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Distressed mortgage borrowers get 6 extra months under new HUD rules

Stack Of Cash

By TED CARTER Homeowners who have fallen significantly behind on their mortgages are getting six additional months to stave off foreclosure, thanks to a new mandate from the U.S. Department of Housing and Urban Development. HUD, in rule changes announced last Friday, is requiring servicers of Federal Housing Administration-backed loans to delay foreclosure for a full year and to evaluate ...

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COMMERCIAL FINANCE 701: Permanent loans & other oxymora

  A n oxymoron – a clever figure of speech that seemingly contradicts itself – can be pretty amusing.  Jumbo shrimp.  Postal Service. Justice Ginsburg.  Devout atheist.  Unbiased opinion. One of our favorite finance-related oxymora is PERMANENT LOANS.  Our partner Roger Williams leads an active practice group specializing in permanent loans for multifamily properties.  But don’t be duped.  Permanent loans ...

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JRA plans image makeover, hires crisis manager

The Jackson Redevelopment Authority has conceded it has an image problem and is getting professional help to fix it. The agency widely known for the low priority it puts on transparency wants a makeover in public perception. It’s hired Yellow Brick Media Concepts of Jackson to provide it. The board received a proposal from Yellow Brick principal Kathy Times for ...

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Watkins says JRA out to block him from Farish by repaying HUD $1.5M

Former Farish Street developer David Watkins says he suspects bad faith motives are behind the Jackson Redevelopment Authority’s agreement to cover a $1.5 million repayment the U.S. Department of Housing and Urban Development has demanded from the City of Jackson. Watkins says the motive is clear to him:  Paying HUD could clear the way for the JRA to get a ...

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OUR VIEW: Why no introspection on causes of HUD trouble over Farish St.?

Raise your hand if you are surprised by the U.S. Department of Housing and Urban Development’s conclusion that redevelopment of downtown’s Farish Street has been the least of Jackson City Hall’s concerns the last decade and a half. Seeing no hands, let us proceed. Cause-and-effect is a good place to start. Remarkable indifference, professional carelessness and unaccountability are going to ...

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