Category Archives: Housing

November 29, 2016

Low-income families going upscale at taxpayer expense

‘Uncle Sam will pay a lot more for people to live in nicer areas’

The Obama administration is changing the program through which very low-income families are paid rent subsidies at taxpayer expense so they can live in more upscale neighborhoods.

HUD Secretary Julian Castro recently confirmed the plan to raise the rent subsidies.

“Today, we embark upon a new approach to offer more choice and greater opportunity for families struggling to find a decent place to call home,” Castro said. “Moving to this approach will offer these voucher-holding families more opportunities to move into higher opportunity neighborhoods with better housing, better schools and higher paying jobs.”

The Washington watchdog Judicial Watch said the final rule change was recently announced in the Federal Register by the Department of Housing and Urban Development, which “annually spends tens of billions on rent for the poor.”

It is the Housing Choice Voucher program that is being changed.

It will let beneficiaries of the taxpayer grants “choose housing in the private market,” and it will have the government pay subsidies based on local circumstances.

“Under the new rule, which goes into effect in January, fair market rents will now be calculated by zip code so Uncle Sam will pay a lot more for people to live in nicer areas,” Judicial Watch said.

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July 29, 2016

Government Agency Spent Millions on Public Relations Campaign to Improve Image

These are the same officials who hired a fake certified public accountant as chief financial officer and put him in charge of Ginnie Mae’s $1.5 trillion mortgage portfolio.

Top officials at the Government National Mortgage Association spent $3.9 million on a public relations campaign designed to create positive images for themselves, including a magazine piece on how one of them avoided obesity.

Spending tax dollars to polish an individual employee’s image isn’t allowed under Federal Acquisition Regulations, the Department of Housing and Urban Development inspector general said in a report released Tuesday. The association—which is popularly known as “Ginnie Mae”—is part of HUD.

“The majority of the charges related to Ginnie Mae’s president, Theodore W. Tozer, and its former executive vice president, Mary K. Kinney,” the inspector general said. “This activity did not clearly meet the [rules] for allowable public relations and advertising costs.”

The inspector general added emphasis, saying, “Ginnie Mae guarantees mortgage-backed securities of government-insured loans. These securities are issued by approved private lending institutions … Therefore, media outreach initiatives to promote members of its senior staff, particularly articles that do not pertain specifically to the work of Ginnie Mae, may not have been reasonable or necessary.”

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April 28, 2016

Wells Fargo admits monstrous guilt, no one goes to jail (Video)

Wells Fargo just settled a lawsuit with the US Department of Justice, where they admitted, acknowledged, and accepted responsibility for having falsely certified that many of its home loans qualified for Federal Housing Administration insurance between 2001 and 2008. For that, they will only have to pay a $1.2 billion fine, which is a fraction of their quarterly earnings. Not one executive will go to jail. The Resident discusses.

April 10, 2016

Obama cozies up to criminals with new power grab

Horowitz: “Now that Obama has pursued a comprehensive strategy of delegitimizing our culture of law and order and is promoting criminal rights, he is infringing upon property rights of landlords who wish to protect their property from violent criminals.”

The Obama administration has demonstrated over and over again that lawlessness begets lawlessness. When government abdicates its core responsibility of maintaining security and preserving liberty, it creates a vacuum for infringements on that liberty. Now that Obama has pursued a comprehensive strategy of delegitimizing our culture of law and order and is promoting criminal rights, he is infringing upon property rights of landlords who wish to protect their property from violent criminals.

It’s no surprise that coinciding with Obama’s announcement of more clemencies for federal felons was a stern warning issued this morning to landlords who deny rentals to those with criminal records. While the Fair Housing Act does not regulate a landlord’s discretion to deny rentals based on criminal record, the Department of Housing and Urban Development (HUD) is asserting that because of the alleged racial disparities in the criminal justice system, it is within their right to bar landlords from using criminal records as a criteria for turning down prospective tenants.

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March 24, 2016

$250K Per Year Salary Could Qualify For Subsidized Housing Under New Palo Alto Proposal

“We have people struggling to make it at a quarter-million dollars a year,” Bean said. “That’s a terrible thing.”

Palo Alto is seeking housing solutions for residents who are not among the Silicon Valley region’s super-rich, but who also earn more than the threshhold to qualify for affordable housing programs.

The city council has voted to study a housing proposal that would essentially subsidize new housing for what qualifies as middle-class nowadays, families making from $150,000 to $250,000 a year.

The plan would focus on building smaller, downtown units for people who live near transit and don’t own cars, along with mixed-use retail and residential developments.

Sky-rocketing housing prices in Palo Alto have left some in limbo; with teachers, firefighters and other government workers not earning enough to afford cost of living.

Randy Bean says while she still loves her Palo Alto neighborhood, she can’t help but notice the changes that are making it unrecognizable.

“I just find it kind of sad that we are reducing ourselves to this small profile of young, rich, mostly white, mostly tech. It’s not the community that I moved into 33 years ago,” Bean said.

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December 29, 2015

Coming to your suburb: The ghettos

‘Forced diversity’ to ‘destroy’ living environment.

The Housing Authority of Baltimore City is secretly relocating Section 8 subsidized housing families from the inner city into suburban homes – and some critics are charging it is part of a plan to deliberately cause damage to the communities there.

“They’re going to be destroying every suburb that they move into, just as they’ve done the inner cities,” said Jesse Lee Peterson. “This is ‘forced diversity.’”

The “forced diversity” to which Peterson objects has been pursued by the Obama administration in several ways, from new regulations putting the federal government’s thumb on the pulse of local zoning actions to immigrant programs that have dumped illegal aliens, both from south of the border as well as the Middle East, into American cities without so much as a notification to the local governor or mayor.

Critics have cited it as a goal of socialist-minded and left-leaning interests who want to assure themselves of power in the federal government for the foreseeable future through the electoral process. The inner cities, with their heavily government-dependent populations, already reliably vote Democrat. Critics charge that moving large numbers of dependent populations into suburbs and other areas is intended to change the voting nature of those populations.

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December 2, 2015

Gov’t Watchdog: HUD’s Financial Books Are Impossible To Audit

The IG can’t audit $19.8 billion in Ginnie Mae’s purse “because of the inaccurate reporting from its budgetary system,” the report says. Specifically, Ginnie Mae — a HUD agency — is missing documents needed to audit the funds.

A government watchdog says it can’t audit billions in Department of Housing and Urban Development (HUD) spending because the agency’s financial books are kept so poorly.

HUD’s financial statements and systems are missing records, inaccurate and sometimes even violated federal laws, according to a HUD inspector general report released Monday. Included among the programs with useless financial accounting records is nearly $20 billion at the Government National Mortgage Association.

“This audit report contains nine material weaknesses, eight significant deficiencies in internal controls and six instances of noncompliance with applicable laws and regulations,” the report says. “These weaknesses were due to an inability to establish a compliant control environment, implement adequate financial accounting systems, retain key financial management staff and identify appropriate accounting principles.”

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October 17, 2015

Ultra-Rich Are Now Breaking Into the Real Estate Market (Video)

JPMorgan, Citigroup and HSBC are among banks presenting elite customers with offerings once confined to big institutional investors: access to real estate projects such as Manhattan’s 432 Park Ave., Las Vegas’s Hooters hotel and $100 million Los Angeles mansions. Bloomberg’s Peggy Collins has more on “Bloomberg Markets.”

Video linked here at original source.

October 9, 2015

Texas residents scammed by fake home deeds

Authorities near the Texas border believe they have busted a crime ring which promised prospective buyers the home of their dreams, but instead leaving them in the poor house.

Working with investigators, the Cameron County District Attorney’s Office in Brownsville busted a county-wide real estate fraud ring that scammed victims out of more than $400,000 during the past two years by selling fake property deeds for properties the sellers didn’t own.

Ring members even attended public real estate auctions to help legitimize the scam, according to the Cameron County District Attorney.

Operation “Surreal Estate” was launched in July when authorities first were notified of the scam by one of its victims.

Four members of the alleged ring have been arrested or are in federal custody:

– Melissa Rangel Ramirez, 27, of Brownsville, was arrested Tuesday, Oct. 6. She is charged with theft of property and engaging in organized criminal activity.

– Yolanda Rodriguez Ramirez, 59, of Brownsville, was arrested Tuesday, Oct. 6. She is charged with engaging in organized criminal activity.

– Jesus Edward Ibarra, 29, of Brownsville, is in federal custody. He is charged with theft of property, engaging in organized criminal activity and impersonating a public servant.

– Sergio Alberto Alcocer, 35, of Olmito, was arrested Tuesday, Oct. 6. He is charged with two counts of theft of property and two counts of engaging in organized criminal activity.

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September 29, 2015

The ‘affordable housing’ fraud by Thomas Sowell

Thomas Sowell blames politicians, ‘open space’ cultists for California home prices.

Nowhere has there been so much hand-wringing over a lack of “affordable housing” as among politicians and others in coastal California. And nobody has done more to make housing unaffordable than those same politicians and their supporters.

A recent survey showed that the average monthly rent for a one-bedroom apartment in San Francisco was just over $3,500. Some people are paying $1,800 a month just to rent a bunk bed in a San Francisco apartment.

It is not just in San Francisco that putting a roof over your head can take a big chunk out of your paycheck. The whole Bay Area is like that. Thirty miles away, Palo Alto home prices are similarly unbelievable.

One house in Palo Alto, built more than 70 years ago and just over 1,000 square feet in size, was offered for sale at $1.5 million. And most asking prices are bid up further in such places.

Another city in the Bay Area with astronomical housing prices, San Mateo, recently held a public meeting and appointed a task force to look into the issue of “affordable housing.”

Public meetings, task forces and political hand-wringing about a need for “affordable housing” occur all up and down the San Francisco peninsula, because this is supposed to be such a “complex” issue.

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