U.S. Housing and Urban Development Secretary Shaun Donovan will tour new St. Paul senior apartments above a retail complex Friday in St. Paul's Frogtown area.
Donovan will visit Frogtown Square at Dale Street and University Avenue. It has retail space on the ground level and HUD-funded Kings Crossing, with 50 senior apartments on the upper floors. There will be a 10 a.m. press conference.
On hand will be U.S. Reps. Betty McCollum and Keith Ellison, St. Paul Deputy Mayor Paul Williams and St. Paul Council Member Melvin Carter III.
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If only we could score a meeting with Mr. Donovan. Our non-profit has been trying to work with two of his Admin people who have caused a huge problem for low income home buyers in Minnesota. Because of their "interpretation" of RESPA, they have instructed Minnesota real estate professionals to disclose certain seller fees as buyers' fees. This triggered the state Realtor Association to change their Purchase Agreement form to shift these fees. We're talking about $1.5 million per month for buyers. We believe the HUD officials are wrong, and we're pretty sure Mr. Donovan has no idea about this problem.
Doug Miller
Executive Director
Consumer Advocates in American Real Estate
www.caare.org