Homeownership

HUD: $10 Million Made Available to Support New Homebuyers and Bridge Wealth Gap

First of its kind Notice of Funding Opportunity will support housing counseling services for prospective homebuyers in underserved communities. The U.S. Department of Housing and Urban Development’s (HUD) Office of Housing Counseling has announced that $10 million in grant funding is available to eligible HUD-approved housing counseling agencies. These agencies will use the funding to prepare and…

HUD: 2023 Update to Equity Action Plan Released, Outlining New Commitments to Advance Equity

The U.S. Department of Housing and Urban Development (HUD) today released the 2023 Update to its Equity Action Plan, in coordination with the Biden-Harris Administration’s whole-of-government equity agenda. This Equity Action Plan is part of the Department’s efforts to implement the President’s Executive Order on “Advancing Racial Equity and Support for Underserved Communities Through the Federal Government,” which…

HUD: New Report Highlights Unprecedented Homeownership Achievements

HUD’s efforts to reduce barriers to homeownership prove effective. Three years in review: increasing access to homeownership, supporting home retention through the pandemic, and addressing racial bias.  When the Biden-Harris Administration and Secretary Fudge took office, Americans were facing numerous challenges, including the COVID-19 pandemic, a lack of affordable housing supply, and rapidly increasing home…

HUD: FHA Helps Over 765,000 Families Buy Homes and Maintains a Strong Insurance Fund

Annual Report to Congress for fiscal year 2023 highlights impact of insurance premium reduction, assistance for approximately two million struggling homeowners, and a well-capitalized Mutual Mortgage Insurance Fund. The Federal Housing Administration (FHA) published today its annual report to Congress describing the work of its Single Family mortgage insurance programs in fiscal year 2023 and the performance…

Census Bureau: Interactive Map of Homeownership Data from the 2020 Census Released

Today, the U.S. Census Bureau released an interactive mapillustrating 2020 Census data about homeownership by the age, race and ethnicity of the householder. The map provides data at the national, state and county levels and data from the 2010 Census for comparison. The Census Bureau also released the brief Housing Characteristics: 2020, which provides an overview of…

HUD: Nearly $1 Million Awarded for Research to Close Homeownership Gap

Grants support efforts to address disparities in access to mortgage financing and homeownership for borrowers of color and other underserved groups Today, the U.S. Department of Housing and Urban Development (HUD) announced nearly $1 million in grant awards to conduct rigorous research focused on closing gaps in access to mortgage financing and homeownership faced by…

HUD: Tribal Intergovernmental Advisory Committee Convenes in Tucson, AZ

On September 27th and 28th, U.S. Department of Housing and Urban Development (HUD) Deputy Secretary Adrianne Todman, Principal Deputy Assistant Secretary for the Office of Public and Indian Housing (PIH) Richard Monocchio, and other HUD senior officials will be hosted by the Tohono O’odham Nation in Tucson, Arizona for HUD’s Tribal Intergovernmental Advisory Committee (TIAC) meeting….

HUD: Updated HUD Housing Counseling Program Handbook Released to Better Equip Housing Counseling Partners to Support Renters, Homebuyers, and Homeowners

First Set of Comprehensive Updates to Housing Counseling Program Handbook provide participants with the latest guidance to assist consumers with their housing needs Today, the U.S. Department of Housing and Urban Development’s (HUD) Office of Housing Counseling (OHC) published an update to its Housing Counseling Program Handbook. The update is the first set of comprehensive changes implemented since 2010…

HUD: Regional House Parties Across the Country Scheduled to Increase Homeownership

Today, the U.S. Department of Housing and Urban Development (HUD) announced during the final week of the initiative HUD On the Road: August 2023, the agency is rounding out the month with their work around boosting homeownership through HUD House Parties across the country. “HUD on the Road” aims to make HUD more accessible, supporting those…

HUD: House Party in Chicago Spotlights “Make Home the Goal Campaign” to Empower Pathways to Homeownership

Chicago hosts inaugural regional House Party: promoting homeownership, dispelling myths, amplifying federal programs. To close out June’s National Homeownership Month, Chicago-area residents are invited to the House Party, an in-person event to amplify the U.S. Department of Housing and Urban Development’s (HUD) commitment to helping more Americans realize their dream of homeownership. HUD representatives will…