On July 8, 2016 NAR sent a letter to HUD Secretary Castro regarding DASP. The letter thanks Mr. Castro for listening to NAR’s concerns and for making enhancements to the Distressed Asset Stabilization Program (DASP) announced on June 30, 2016. While these enhancements are steps in the right direction, NAR urges the Federal Housing Administration (FHA) to further ensure investors work with local real estate professionals and other community partners in finding successful outcomes for the affected borrowers and their communities
NAR Letter to HUD Secretary Castro Regarding DASP
Issue Date: July 08, 2016
On July 8, 2016 NAR sent a letter to HUD Secretary Castro regarding DASP. The letter thanks Mr. Castro for listening to NAR’s concerns and for making enhancements to the Distressed Asset Stabilization Program (DASP) announced on June 30, 2016. While these enhancements are steps in the right direction, NAR urges the Federal Housing Administration (FHA) to further ensure investors work with local real estate professionals and other community partners in finding successful outcomes for the affected borrowers and their communities
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