HUD: More Than 800 Former Foster Youth Are Paving Their Own Way with FYI Vouchers
HUD Secretary Carson marks Foster Youth to Independence initiative milestone U.S. Housing and Urban Development Secretary Ben Carson today traveled to Denver to mark that the Foster Youth to Independence (FYI) initiative has awarded 844 vouchers in the first year of the program to former foster youth at risk of homelessness. Secretary Carson held a…
HUD: $4 Million Awarded to Help Low-Income Veterans Rehabilitate Their Homes
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) today announced $3.9 million in funding through the Veterans Housing Rehabilitation and Modification Pilot Program (VHRMP) to help make homes more accessible for disabled veterans. Through the VHRMP program, grantees will make necessary physical modifications to address the needs of…
HUD: “Mustard Seed Series” Virtual Workshops Launched for Faith Leaders and Congregations
Events will feature testimonies from faith leaders who have launched housing initiatives for homeless neighbors U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today launched a series of virtual workshops for faith congregations entitled, “The Mustard Seed Series”. The virtual events will feature faith organizations that have successfully created affordable housing, reduced…
CFPB: New Category of Qualified Mortgages Proposed to Encourage Innovation and Access to Affrodable Mortgage Credit
The Consumer Financial Protection Bureau (Bureau) issued today a notice of proposed rulemaking (NPRM) to create a new category of seasoned qualified mortgages (Seasoned QMs) in order to encourage innovation and help ensure access to responsible, affordable in the mortgage credit market. To be considered a Seasoned QM under the proposal, loans would have to…
HUD: Over $74 Million in Grants Awarded to Support Affordable Rental Housing for Extremely Low-Income Persons with Disabilities
The U.S. Department of Housing and Urban Development today announced the award of over $74 million in grants to 12 state housing finance agencies to support affordable rental housing for extremely low-income persons with disabilities. The awards will support up to five years of rental assistance for approximately 2,400 units of housing in buildings participating…
HUD: Secretary Carson Meets with Foster Youth to Independence Voucher Recipients in Ohio
U.S. Housing and Urban Development (HUD) Secretary Ben Carson today visited with recipients of HUD’s Foster Youth to Independence (FYI) Initiative and held a roundtable with local leaders to discuss the program, which is in its first year. Secretary Ben Carson meets with Foster Youth to Independence voucher recipients in Ohio before hosting a roundtable…
HUD: Housing Choice Voucher Mobility Demonstration Announced
New pilot program aims to break generational cycles of poverty Today Secretary Ben Carson announced HUD’s new “Housing Choice Voucher Mobility Demonstration,” which aims to measure the impact of housing choice upon the economic condition of low-income families. Secretary Carson made the announcement at a news conference alongside Senator Todd Young, Former Congressman Sean Duffy,…
FHFA: 2021 Housing Goals for Fannie Mae and Freddie Mac Proposed
Today, the Federal Housing Finance Agency (FHFA) proposed its 2021 housing goals for Fannie Mae and Freddie Mac (the Enterprises). Due to the economic uncertainty related to the COVID-19 national pandemic, FHFA is proposing benchmarks for calendar year 2021 only, and those levels will remain the same as they were for 2018-2020. Once finalized, the…