The Housing and Urban Development Department has decided to end a fraud-plagued program that insures home improvement loans arranged by construction contractors.

Housing Secretary Andrew Cuomo said Thursday that attempts to reform the Title I program had failed and that the agency is proposing a rule to terminate it.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.