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HUD Revokes Trump Rule Allowing Transgender Discrimination In Homeless Shelters


HUD Revokes Trump Rule Allowing Transgender Discrimination In Homeless Shelters
The Biden administration has withdrawn the proposed rule, which would have allowed single-sex shelters to turn away transgender people.
Chip Somodevilla/Getty Images
Housing and Urban Development Secretary Marcia Fudge withdrew a Trump administration rule that would discriminate against transgender people.
The Department of Housing and Urban Development is pulling back a proposal put forward by President Donald Trump’s administration that would have allowed taxpayer-funded homeless shelters to discriminate against transgender individuals. 
“Access to safe, stable housing and shelter is a basic necessity,” Secretary Marcia Fudge said Thursday. “Unfortunately, transgender and gender-nonconforming people report more instances of housing instability and homelessness than cisgender people. Today, we are taking a critical step in affirming HUD’s commitment that no person be ....

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Federal low-income housing grant doubles in size this year


Federal low-income housing grant doubles in size this year
ASHRAF KHALIL, Associated Press
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Housing and Urban Development Secretary Marcia Fudge speaks at a press briefing at the White House, Thursday, March 18, 2021, in Washington.Andrew Harnik/AP
WASHINGTON (AP) Thanks to a coronavirus pandemic-fueled mortgage boom, states will get nearly $700 million in federal grants from a special program for low-income housing, more than double the amount distributed last year.
It’s a boost that the Department of Housing and Urban Development says should produce a tangible leap forward in government low-income housing plans across the country.
The Housing Trust Fund, administered by the department, will disburse the money to state governments for the construction, maintenance and restoration of low-income housing. This year s allotment is $689,565,492 more than double the $322,564,267 disbursed the previous year, HUD said in a statement. ....

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HUDCO board to mull interim dividend on 18 March


The board of Housing and Urban Development Corporation (HUDCO) will consider the payment of interim dividend for the FY21 on Thursday, 18 March 2021.
On the technical front, the stock s RSI (relative strength index) stood at 53.296. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.
The stock was trading above its 50-day moving average (DMA) placed at 45.49 and its 200-day moving average (DMA) placed at 36.79.
HUDCO s consolidated net profit soared 90.2% to Rs 391.59 crore on a 2.8% rise in total income to Rs 1,853.33 crore in Q3 FY21 over Q3 FY20.
Shares of HUDCO rose 0.92% to Rs 49.40 on BSE. HUDCO, the premier techno-financing public sector enterprise, is in the field of housing and infrastructure development in India. The Government of India holds 69.08% stake in HUDCO as on 31 December 2020. ....

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