In the notice, HUD said Equity Prime is losing its ability to independently approve FHA loans in HUD office jurisdictions Atlanta, Columbia, S.C., Dallas and Houston, while RAC, a Florida-based lender, is losing the ability to do so in Tampa. The terminations, which Equity Prime's CEO Eddy Perez says are actually a suspension, were effective Dec. 24, 2025, according to the Register. Perez told HousingWire that he was notified the day prior.
The Cicero Institute, created by tech investor Joe Lonsdale, has spent the past few years promoting aggressive policies targeting encampments for the unhoused and pushing cities to move away from Housing First, the U.S.'s primary model for responding to chronic homelessness. Over the summer, HUD quietly adopted several of Cicero's key recommendations. And the result was widespread panic among the local agencies responsible for keeping people housed.
The Radical Left are going to shut down the government and inflict massive pain on the American people unless they get their $1.5 trillion wish list of demands, the banner read. The Trump administration wants to keep the government open for the American people. The shutdown began at midnight on Oct. 1 after the Senate failed to advance a short-term funding measure that cleared the House of Representatives earlier.
Cambridge's Welcoming Community Ordinance grants everyone equal treatment regardless of immigration status. Complying with HUD's new demands would endanger compliance with the ordinance.
