HUD: Additional $3.4 Million in American Rescue Plan Funds Available for the Fair Housing Initiatives Program

Agencies can apply to grants opportunities to fight housing discrimination related to the COVID-19 Pandemic until May 11, 2023; Resources build on COVID-19 related loss mitigation efforts that kept nearly 2 million people in their homes during the COVID-19 National Emergency The U.S. Department of Housing and Urban Development (HUD) […]

HUD: Fiscal Year 2024 Budget in Brief Released

Proposed budget would significantly invest in building affordable housing, expanding access to homeownership, redressing housing discrimination, enhancing household mobility, and ending homelessness Today, the U.S. Department of Housing and Urban Development (HUD) released details about its fiscal year 2024 budget request. Find the HUD FY24 budget at On Thursday, March 9, […]

HUD: FHA Annual Mortgage Insurance Premium Deducations To Save Homebuyers an Average of $800 Annually on Mortgage Payments

30 basis point reduction in FHA annual mortgage insurance premium supports Biden-Harris Administration goals to make homeownership more affordable and accessible for working families. Today, the Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), announced a 30 basis point reduction to the annual mortgage insurance premiums (annual […]

HUD: FHA Seeks Input to Enhance Financing for Homes in Need of Rehabilitation

Request for Information published today seeks industry input on ways to enhance FHA’s 203(k) Rehabilitation Mortgage Insurance Program to support housing supply and affordability. Today, the Federal Housing Administration (FHA) published a Request for Information in the Federal Register seeking public comments on ways it can enhance its Single Family 203(k) Rehabilitation […]

HUD: Major Milestone Achieved in Assisting Nearly 2 Million Homeowners Stay in Their Homes

FHA foreclosure avoidance options have been expanded and extended Today, the U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge announced that, thanks to Federal Housing Administration (FHA) programs, approximately 2 million homeowners with FHA mortgages were able to stay in their homes from the beginning of […]

HUD: Rental Assistance Demontration Transaction Closed in South San Francisco, CA to Preserve 40 Affordable Rental Homes for Seniors

Transaction supports significant renovation of rental homes at multifamily property with a HUD project-based rental assistance contract. The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing announced today that it recently closed a Rental Assistance Demonstration (RAD) transaction with Bridge Housing, a non-profit housing provider, to support […]

HUD: FHA Assistance Options Expanded for Borrowers Struggling to Make Mortgage Payments

Updated loss mitigation options will help borrowers struggling with their mortgage payments to avoid foreclosure. Today, the Federal Housing Administration (FHA) is announcing that it is expanding and enhancing its set of loss mitigation options used to help borrowers struggling to make mortgage payments on their FHA-insured mortgages. The enhancements extend FHA’s […]

HUD: Step Announced Towards Addressing Bias in the Home Appraisal Process for People Seeking FHA Financing

A preview of the policy update is available for public feedback on FHA’s Drafting Table web page Today, at an event at the Brookings Institute, HUD Secretary Marcia L. Fudge announced that HUD, through the Federal Housing Administration, is creating a process that people seeking FHA financing can use to request […]

HUD: 2022 Year in Review

This year, Secretary Marcia L. Fudge led the U.S. Department of Housing and Urban Development (HUD) to bold action in pursuit of the agency’s mission to create strong, sustainable, inclusive communities and quality affordable homes. These actions aligned with key Biden-Harris Administration priorities, including easing the burden of housing costs, […]

HUD: FHA Announces New Assistance Option to Help Senior Homeowners with Reverse Mortgages Impacted by COVID-19

New COVID-19 Home Equity Conversion Mortgage Property Charge Repayment Plan allows servicers to offer homeowners up to five years to repay past-due property charges. Today, the Federal Housing Administration (FHA) is announcing new flexibilities to help senior homeowners with FHA-insured Home Equity Conversion Mortgages (HECMs) who are behind on required property charge […]