HUD

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Feds Update Guidance on Fixing Homes With Tainted Drywall

The federal government's Consumer Product Safety Commission and Department of Housing and Urban Development released updated guidance for fixing homes with tainted drywall that damaged new homes' electrical equipment, corroded pipes, created foul smells, and led to residents' health problems. Read more

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With Federal Help, 84 Pays Off $195M, 18% Loan

84 Lumber closed a deal that uses federal and private loans to pay off the rest of a $195 million, 18% interest loan that has hobbled the LBM giant's operations. The deal has raised eyebrows within the building supply community because much of the payoff comes from $20 million worth of federal community development grants. Read more

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HUD Approves $20M in Fed Loans To Assist 84 Lumber

The U.S. Department of Housing and Urban Development (HUD) has approved a $15 million loan guarantee to the Commonwealth of Pennsylvania and a $5 million loan guarantee to Washington County, Pa., to help 84 Lumber Co. pay off the remains of a crushing $195 million, 18 percent interest loan. Read more

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PA Board Backs 84's Loan Request; Magerko Details Dealer's Cash Crunch

Fayette County, Pa., commissioners voted 2-1 to sponsor a $15 million federal loan application on behalf of 84 Lumber--a vital first step toward freeing itself from the rest of a $195 million, 18% interest loan that 84 president Maggie Hardy Magerko says has kept the LBM giant from plugging significant cash losses. Read more

Building Momentum
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Building Momentum

The housing crash and home loan foreclosures savaged the housing market in towns... Read more

Logistics, Labor and the Long View
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Logistics, Labor and the Long View

Would you be in business today if you had a nickel for every time you heard... Read more

Hispanic Housing Design
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Hispanic Housing Design

In addition to serving an ever-growing number of Hispanic contractors, dealers can... Read more

Passion Play
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Passion Play

The NLBMDA brought dealers together with their representatives, solidifying... Read more

Filling a Void
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Filling a Void

An increase in infill housing projects provides new service and revenue... Read more

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