HUD: 2019 HUD Secretary Design Award Winners Announced

South Carolina, California, Michigan & Illinois developments recognized as national models The U.S. Department of Housing and Urban Development (HUD) and the American Institute of Architects (AIA) today announced the winners of the 2019 HUD Secretary’s Housing and Community Design Awards. HUD and AIA selected winners in South Carolina, California, Michigan and […]

ABA: New Infographic Outlines Affordable Housing Challenges and Possible Solutions

In recognition of American Housing Month, the American Bankers Association Foundation today released a new infographic that examines affordable housing challenges in the U.S. and what America’s banks are doing to help ease the burden on consumers.  As the Foundation infographic shows, the rising cost of construction for new housing developments, as […]

ABA: Banks Urged to Submit Nominations for ABA Foundation’s Community Commitment Awards

Deadline for entries is July 12 ​WASHINGTON — Starting today, the American Bankers Association Foundation urges banks across the nation to submit nominations for its sixth annual Community Commitment Awards. The awards, one of the industry’s top honors for extraordinary bank commitment to communities, recognizes innovative, high-impact programs that improve the […]

HUD: University of Maryland Wins HUD 2019 Innovation in Affordable Housing Student Design and Planning Competition

The U.S. Department of Housing and Urban Development (HUD) announced a graduate student team from University of Maryland as the winners of HUD’s sixth annual Innovation in Affordable Housing Student Design and Planning Competition. The University of Maryland team was one of four finalists to design a new mixed-use development for […]

FHFA: House Price Index Up 0.6 Percent in January; Up 5.6 Percent from Last Year

 U.S. house prices rose in January, up 0.6 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI).  The previously reported 0.3 percent increase for December 2018 remained unchanged.   The FHFA monthly HPI is calculated using home sales price information […]

HUD: New Monitor Announced to Help New York City Housing Authority Address Chronic Housing Problems

Bart M. Schwartz to ensure compliance with recent agreement with New York City and NYCHA U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced its intent to select Bart M. Schwartz to serve as the federal monitor to ensure the New York City Housing Authority (NYCHA) satisfies the […]

HUD: FHA Pilot Program Expanded to Accelerate Financing of Low-Income Housing Tax Credit Projects

Action designed to speed production of critically needed affordable housing U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced a significant expansion of a Federal Housing Administration (FHA) pilot program that streamlines FHA mortgage insurance applications for affordable housing developments that have equity from the sale of Low-Income […]

HUD: $10 Million in “Sweat Equity” Grants Announced

SHOP grants enable homeownership opportunities for 539 families The U.S. Department of Housing and Urban Development (HUD) today awarded $10 million in “sweat equity” grants to support four non-profit, self-help housing organizations that enable homeownership opportunities for hard-working, low-income families and individuals. Funded through HUD’s Self-Help Homeownership Opportunity Program (SHOP), the […]