HUD: Support Continues for Fifteen States and Four U.S. Territories Recovering from Major Disasters

The U.S. Department of Housing and Urban Development (HUD) today allocated over $2.3 billion to support the long-term disaster recovery process in hard-hit areas in fifteen states, the Commonwealth of Puerto Rico, the U.S. Virgin Islands, American Samoa and the Commonwealth of the Northern Mariana Islands. This allocation today is […]

HUD: Request Issued for Information on Eliminating Regulatory Barriers to Affordable Housing

The U.S. Department of Housing and Urban Development (HUD) today published a Request for Information (RFI) seeking public comment on Federal, State, local, and Tribal laws, regulations, land use requirements, and administrative practices that artificially raise the costs of affordable housing development and contribute to shortages in America’s housing supply. […]

FHFA: House Prices Rise 1.1 Percent in Third Quarter 2019; Up 4.9 Percent from Last Year

U.S. house prices rose in the third quarter of 2019, up 1.1 percent according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI).  House prices rose 4.9 percent from the third quarter of 2018 to the third quarter of 2019.  FHFA’s seasonally adjusted monthly index for September was up 0.6 percent from August. FHFA […]

HUD: New Incentive Package Announced for Purchase or Rehabilitation of Single Family Properties in Opportunity Zones

FHA policy announcement will encourage purchase and rehabilitation of homes in distressed neighborhoods   U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced that the Federal Housing Administration (FHA) will offer a new incentive for borrowers interested in rehabilitating homes in Opportunity Zones. FHA is effectuating this through […]

HUD: More than $130 Million Awarded to Provide Affordable Housing to People with Disabilities

The U.S. Department of Housing and Urban Development (HUD) today awarded $131.3 million to 325 local public housing authorities across the country to provide affordable housing to approximately 15,363 additional non-elderly persons with disabilities. Secretary Ben Carson made the national announcement during a visit to Detroit, Michigan. The Detroit Housing […]

HUD and Census Bureau: Residential Construction Activity Report for October 2019

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for October 2019. Building Permits Privately owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 1,461,000. This is 5.0 percent […]

HUD: Justice Department and HUD Sign Interagency Memorandum on the Application of the False Claims Act

Agreement Fulfills Key component of HUD Housing Finance Reform Plan U.S. Housing and Urban Development Secretary Ben Carson and U.S. Attorney General William Barr today issued a Memorandum of Understanding (MOU) between the two agencies that sets prudential guidance on the appropriate use of the False Claims Act (FCA) for […]