FHFA: Inaugural Members Announced for the Federal Advisory Committee on Affordable, Equitable, and Sustainable Housing
Diverse 20-member committee will advise Director on housing needs and housing finance policies The Federal Housing Finance Agency (FHFA) today announced the inaugural members of its Advisory Committee on Affordable, Equitable, and Sustainable Housing. The Committee will provide non-binding advice to FHFA on how its regulated entities (Fannie Mae, Freddie Mac, and the Federal Home…
HUD and Census Bureau: New Residential Sales Report for May 2024 Released
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for May 2024: New Home SalesSales of new single‐family houses in May 2024 were at a seasonally adjusted annual rate of 619,000, according to estimates released jointly today by the U.S. Census Bureau…
HUD: Nearly $85 Million Invested to Take Additional Steps to Increase Housing Supply and Lower Housing Costs Across the Country
Vice President Harris and Acting Secretary Todman announced funding for communities to eliminate barriers to building housing, production and launch innovative strategies to address local housing needs. Today, Vice President Kamala Harris and HUD Acting Secretary Adrianne Todman announced that the Biden-Harris Administration is awarding $85 million in grant funding for the Pathways to Removing…
OCC: Mortgage Performance Report for First Quarter 2024 Released
The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the first quarter of 2024. The OCC Mortgage Metrics Report, First Quarter 2024 showed that 97.4 percent of mortgages included in the report were current and performing at the end of the quarter, an increase…
FEMA: President Biden Approves Major Disaster Declaration for Iowa
FEMA announced that federal disaster assistance is available to the state of Iowa to supplement recovery efforts in the areas affected by severe storms, flooding, straight-line winds and tornadoes beginning June 16, 2024, and continuing. The President’s action makes federal funding available to affected individuals in Clay, Emmet, Lyon, Plymouth and Sioux counties. Assistance can…
HUD: More Than $142 Million Announced for Climate Resilience and Energy Efficiency Renovations in HUD-Supported Housing
As part of President Biden’s Investing in America Agenda, HUD announces new awards under the Green and Resilient Retrofit Program to combat the climate crisis, advance environmental justice, and modernize affordable housing The U.S. Department of Housing and Urban Development (HUD) today announced more than $142 million in new grant and loan awards under its Green…
FHFA: House Price Index Up 0.2 Percent in April 2024; Up 6.3 Percent from Last Year
U.S. house prices rose in April, up 0.2 percent from March, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 6.3 percent from April 2023 to April 2024. The previously reported 0.1 percent price increase in March was revised downward to 0.0 percent. For the nine census divisions, seasonally adjusted…
EDA: $7.8 Million Invested to Support Educational and Workforce Development in Virginia
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is investing $7.8 million in the state of Virginia to support educational and workforce development following natural disasters in the state. The EDA investments announced today are: “President Biden is committed to ensuring that all communities in Virginia and across the…
EDA: $5 Million Invested for Wastewater Infrastructure Improvements in Vermillion, SD
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $5 million grant to the city of Vermillion, South Dakota, to support wastewater treatment facility improvements. This grant will invest in resilience to natural disasters and provide additional capacity for future industrial growth. This EDA investment will be…
EDA: $4.6 Million Invested for Water Infrastructure Improvements to Support Business and Job Growth in Watkins Glen, NY
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $4.6 million grant to the village of Watkins Glen, New York, for water infrastructure improvements needed to boost business and job growth. This grant will support rehabilitation of Watkins Glen’s water storage tank and pump station, replacement of…