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Last updated on April 21, 2014 at 1:20 EDT

Latest Urban development Stories

2014-04-15 16:29:14

NEW YORK, April 15, 2014 /PRNewswire/ -- New York University graduate student Grant Palermo, part of a team of four other students, was named a finalist in the U.S. Department of Housing and Urban Development's (HUD) new Innovation in Affordable Housing Student Design and Planning Competition. The winning team will be selected from four groups of finalists, and will be determined by proposing the best solution for the redevelopment of DeBaun House, a Revolutionary War-era...

2014-02-12 23:31:57

U.S. Department of Housing & Urban Development (HUD) has recognized the Housing Opportunities Collaborative (HOC) as the first collaborative agency of its kind, to be nationally identified as an industry leader in Housing Counseling. Housing Opportunities Collaborative, established in 2005, is the Nation’s youngest and San Diego’s first, HUD Approved Housing Counseling Intermediary. San Diego, CA (PRWEB) February 12, 2014 U.S. Department of Housing & Urban Development (HUD)...

2013-12-30 16:21:31

FOOTHILL RANCH, Calif., Dec. 30, 2013 /PRNewswire/ -- Skilled Healthcare Group, Inc. (NYSE: SKH) today announced that it has closed a financing with MidCap Financial consisting of a $62.0 million non-recourse (subject to customary carve outs) mortgage-backed term loan and a $5.0 million asset based revolving credit facility with an initial balance of $5.0 million. The loans are secured by 10 skilled nursing facilities and have a term of three years and an interest rate based on LIBOR...

2013-09-26 08:28:19

FOOTHILL RANCH, Calif., Sept. 26, 2013 /PRNewswire/ -- Skilled Healthcare Group, Inc. (NYSE: SKH) today announced the funding of six additional loans insured by the U.S. Department of Housing and Urban Development (HUD). The loans have a combined principal balance of $58.2 million and are secured by six skilled nursing facilities. The HUD insured loans have an all in interest rate of approximately 5.7% and amortization terms of 30 to 35 years. The net loan proceeds of $54.7 million...

2013-09-20 16:24:18

FOOTHILL RANCH, Calif., Sept. 20, 2013 /PRNewswire/ -- Skilled Healthcare Group, Inc. (NYSE: SKH) today announced the funding of its first loans insured by the U.S. Department of Housing and Urban Development (HUD). The loans have a combined principal balance of $21.6 million and are secured by three skilled nursing facilities. The HUD insured loans have an all in interest rate of approximately 4.6% and amortization terms of 30 to 35 years. The net loan proceeds of $20.4 million...

2013-07-19 12:23:18

HUD FAIR HOUSING RULE MAY OFFER NEW TOOLS FOR ENDING SEGREGATED HOUSING PATTERNS AND COMBATING HOUSING DISCRIMINATION WASHINGTON, July 19, 2013 /PRNewswire-USNewswire/ -- The US Department of Housing and Urban Development (HUD) today issued a draft rule that has the potential to improve HUD's enforcement of the Fair Housing Act's mandate to address segregated housing patterns and promote diverse, inclusive communities. The proposed rule implements the section of the Fair Housing...

2013-06-13 08:28:09

FOOTHILL RANCH, Calif., June 13, 2013 /PRNewswire/ -- Skilled Healthcare Group, Inc. (NYSE: SKH) today announced that it has received its first commitments by the U.S. Department of Housing and Urban Development (HUD) to insure loans secured by nine skilled nursing facilities. The commitments are for loans up to an aggregate amount of $79.8 million. "This is a key step in our efforts to secure long-term low cost financing through participation in the HUD program," said Boyd...

2013-06-06 16:27:44

FOOTHILL RANCH, Calif., June 6, 2013 /PRNewswire/ -- Skilled Healthcare Group, Inc. (NYSE: SKH) today announced that it has amended its senior secured credit facility to modify the leverage covenant. The amendment provides the Company with additional financial flexibility as it continues to manage through recently enacted reimbursement changes and a challenging operating environment. "While we remained in compliance with the existing leverage covenant and the other financial requirements...

2013-05-04 23:04:08

Investors interested in HUD homes for sale in Davenport FL choose ARMERealty.com to find interested buyers. Company rocks lead generation space for HUD homes in Davenport. Davenport, FL (PRWEB) May 04, 2013 The availability of HUD homes for sale in Davenport FL has been flourishing, thanks to the downturn of the market in that area. More and more foreclosed homes have been seized by the banks and the result is a drive to investment by buyers looking to invest in Davenport HUD homes for...

2013-04-18 08:29:05

WASHINGTON, April 18, 2013 /PRNewswire-USNewswire/ -- Philip Tegeler, executive director of the Policy & Race Research Action Council (PRRAC), posted a Huffington Post blog that recites the heartening changes experienced by four women and their children after moving from housing projects in Baltimore to higher opportunity communities in the suburbs. The setting for his blog post is a Fair Housing Month celebration hosted by HUD Secretary Shaun Donovan. At the ceremony, four women...