Editor: David Reiss
Brooklyn Law School

August 29, 2017

Tuesday’s Regulatory & Legislative Roundup

By Jamila Moore

  • The United States Department of Housing and Urban Development (HUD) responded to the natural disaster crisis in Houston, Texas. The Federal agency will offer relief to homeowners surrounding mortgage and foreclosure issues. However, homeowners will not be the sole beneficiaries of HUD’s aid, the agency will also assist local governments with funding to ensure its residents will receive the proper relief during these trying times.
  • The state of California is attempting to remedy its housing crisis. Currently, the state’s legislature is considering a bundle of bills aimed at  aiding the state in its housing crisis. The bundle attempts to assist many residents with affordable housing and provide long-term funding to California’s housing needs. Though the bundle of bills were approved by the state’s Senate, the state’s Assembly has expressed concern over the costs of the proposed housing crisis solution.
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