In the News

HUD Announces Changes to Distressed Asset Stabilization Program

Source: U.S. Department of Housing and Urban Development (HUD)

HUD announced significant changes to its Distressed Asset Stabilization Program (DASP). In an effort to better serve homeowners looking to avoid foreclosure, loan servicers will now be required to delay foreclosure for a year and to evaluate all borrowers for the Home Affordable Modification Program (HAMP) or a similar loss mitigation program. HUD is making additional improvements to the Neighborhood Stabilization Outcome (NSO) sales portion of DASP which are aimed at increasing non-profit participation. Updates include giving non-profits a first look at vacant properties, allowing purchasers to re-sell notes to non-profits, and offering a non-profit only pool. More...


"Your Home Loan Toolkit" A Step-by-step Guide

The Consumer Financial Protection Bureau (CFPB) created a toolkit to help prospective home buyers navigate the complex process of purchasing a home. The toolkit defines industry terms and provides clear directions about how to obtain the best mortgage for your specific financial situation, understand closing costs, and suggests ways to protect your home purchase investment. More...


Save the Date: May 13th - Broward County Linkage Fee Workshop

The Broward County Environmental Protection and Growth Management Department will present a workshop, open to the public, that will provide information and recommendations regarding a potential affordable housing non-residential development linkage fee for Broward County. The workshop will take place on Wednesday, May 13th, 1:30PM-3:30PM at the Broward County Governmental Center. For more information, please contact Angela Chin at


Waiting List for Park Ridge Court Apartments Opens on May 7th

Source: Broward County Housing Authority (BCHA)

Broward County Housing Authority will accept online pre-applications for Park Ridge Court Apartments from 8AM May 7th, 2015 through 5PM May 11th, 2015. A computer lottery process will randomly select 100 applications which will then be added to a waiting list. The property is located at 5200 NE 5th Terrace, Deerfield Beach, Florida 33064 and consists of 37 three-bedroom and two-bath apartments. Applicants must be a household size of three to six people. More...


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