WASHINGTON (AP) — Two housing advocacy groups are suing federal housing officials, claiming they are illegally withholding at least $382 million from a fund created by Congress to support affordable rental housing for poor people.
The National Low Income Housing Coalition and the Right to the City Alliance filed suit in federal court in Miami on Tuesday seeking to have the Federal Housing Finance Agency provide the money to a national housing trust fund.
The trust was created five years ago. Funding was supposed to come from Fannie Mae and Freddie Mac, the two government-sponsored mortgage guarantee giants. They nearly collapsed during the financial crisis and the trust hasn't been funded.
After a $187 billion government bailout, Fannie and Freddie are profitable again, pumping billions of dollars into the Treasury.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
The Annual Fairhope Christmas Parade was held Friday night and the warm weather did not stop the atmosphere from feeling like Christmas.
Prichard Police have launched several new initiatives in the wake of 3 bold business break-ins along Wilson Avenue this week.
Federal authorities say an Alabama man has been charged in a slaying at an Army post in southeast Georgia, but officials are releasing few details about the case.
Rain chances increase tonight, followed by much colder weather for Saturday...
Officials said new hotels may be coming to Foley in the near future and will help the progress of the city's planned multi-use facility as well as the Blue Collar Country entertainment complex.
According to Davidson County authorities, bar owner Christopher Michael Ferrell surrendered himself a short time ago on a Davidson County Grand Jury indictment, charging him with second-degree murder for the November 23 shooting death of …