HUD: Summit Convenes to Address Rising Property Insurance Costs
Biden-Harris Administration assembles industry executives, government leaders, nonprofits, and academics to address rising insurance premiums and receding coverage. Today, the U.S. Department of Housing and Urban Development convened a critical summit to address sharp increases in property insurance costs and lack of available coverage impacting people across the country. “It’s become abundantly clear that the…
HUD: New Rule Proposed to Govern the Sale of FHA Mortgage Notes
Proposed rule to establish a permanent Single Family Sale Program, including exclusive first look opportunities for prospective homeowners Today, the U.S. Department of Housing and Urban Development (HUD) is proposing a new rule to govern the sale of seriously delinquent single family mortgage loans insured by the Federal Housing Administration (FHA). These rules will help expand available…
HUD: $325 Million Invested in Housing and Community Development Improvements
President Biden and HUD Acting Secretary Todman announced the Choice Neighborhoods awards to build new homes and spur economic development. Today, President Joe Biden and HUD Acting Secretary Adrianne Todman announced that the Biden-Harris Administration is awarding $325 million in Choice Neighborhoods Implementation Grant funding to seven communities to build more homes and revitalize neighborhoods…
HUD: $40 Million Made Available to Prevent Evictions and Prevent Homelessness
The funding will provide legal assistance at no cost to low-income tenants. The U.S. Department of Housing and Urban Development (HUD) announced the availability of $40 million in grant funds for eligible non-profit or governmental entities to provide no cost legal assistance to low-income tenants at risk of or subject to eviction from their homes….
HUD: New Resources and Research Launched to Support LGBTQI+ Americans During Pride Month
HUD released a new website and research that will enhance data collection, identify barriers, and help LGBTQI+ people find housing assistance. During this Pride Month, the U.S. Department of Housing and Urban Development (HUD) took action to protect LGBTQI+ Americans, taking crucial steps to uplift resources and best practices for housing providers, so no one must…
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: 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…
HUD: Over $469 Million Made Available to Protect Families from Home Health and Safety Hazards
Funding will assist communities’ efforts to protect vulnerable residents by making improvements to older housing to eliminate housing-related health and safety hazards. Today, the U.S. Department of Housing and Urban Development (HUD) announced the Lead Hazard Reduction Grant Program’s Notice of Funding Opportunity (NOFO) that makes over $469 million in grants available to state and…
CDFI Fund: Revisions to Capital Magnet Fund Interim Rule Published
Comments due to the CDFI Fund by August 26, 2024 The U.S. Department of the Treasury is issuing a revised Interim Rule for the Capital Magnet Fund (CMF), administered by the Community Development Financial Institutions Fund (CDFI Fund). Changes incorporated by the revised Interim Rule include, among other things: This revised Interim Rule also reflects…
HUD: $18.7 Million Transaction Closed to Preserve Affordable Rental Homes for Pittsburgh Families
Today, the U.S. Department of Housing and Urban Development’s Office of Multifamily Housing Programs announced the recent completion of a Rental Assistance Demonstration (RAD) transaction with the Housing Authority of the City of Pittsburgh (HACP). The transaction will enable the city of Pittsburgh to rehabilitate and preserve nearly 90 affordable rental homes at Manchester Commons,…