FHFA: House Price Index Up 0.3 Percent in February 2019, Up 4.9 Percent from Last Year
U.S. house prices rose in February, up 0.3 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.6 percent increase for January 2019 remained unchanged. The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or guaranteed by,…
HUD: Additional $15 Million Awarded to Fight Housing Discrimination
Grants to support and promote fair housing nationwide To help end housing discrimination, the U.S. Department of Housing and Urban Development (HUD) today awarded an additional $15 million to support dozens of fair housing organizations working to confront violations of the nation’s landmark Fair Housing Act (see grant chart below). HUD’s grants are provided through…
FHFA: Dr. Mark Calabria Sworn in as Director of the Federal Housing Finance Agency
In an Agency ceremony, Dr. Mark A. Calabria was sworn in today to a five-year term as the second Senate-confirmed Director of the Federal Housing Finance Agency (FHFA). Dr. Calabria was appointed to head the Agency by President Donald J. Trump. FHFA was created by the Housing and Economic Recovery Act (HERA) of 2008 to…
Census Bureau: Housing Vacancy Annual Statistics Released for 2018
These statistics provide vacancy rates, homeownership rates and characteristics of units available for occupancy for the United States, regions, states and the 75 largest metropolitan statistical areas. Data for all geographies are available both quarterly and annually. Homeownership rates are also tabulated by age of householder for the United States and regions, and by race/ethnicity…
HUD: Proposed Rule Issued to Make Section 3 More Efficient and Effective
Section 3 is a HUD statute that requires recipients of HUD funding to the greatest extent feasible employ low- and very-low income persons and businesses in the communities HUD serves The U.S. Department of Housing and Urban Development (HUD) today published a proposed rule to improve the effectiveness and efficiency of Section 3 of the…
HUD: Fair Housing Month Kicks Off with Launch of Anti-Sexual Harassment Campaign and Training Initiative
HUD unveils “Call HUD: Because Sexual Harassment in Housing is Illegal” Campaign The U.S. Department of Housing and Urban Development (HUD) today launched a special campaign and training initiative to help protect people from harassment by landlords, property managers, and maintenance workers in HUD-assisted housing. “The Call HUD: Because Sexual Harassment in Housing is Illegal”…
FHFA: House Price Index Up 0.6 Percent in January; Up 5.6 Percent from Last Year
U.S. house prices rose in January, up 0.6 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.3 percent increase for December 2018 remained unchanged. The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or…
OCC: Office of the Comptroller of the Currency Fines Citibank, N.A. $25 Million for Violating the Fair Housing Act
The Office of the Comptroller of the Currency (OCC) today assessed a $25 million civil money penalty against Citibank, N.A., for violations of the Fair Housing Act. The OCC found that the bank had certain control weaknesses related to its Relationship Loan Pricing (RLP) program designed to provide eligible mortgage loan customers either a credit…
HUD: Plan Approved to Support Southern Georgia Counties in their Recovery from 2017 Disasters
$38 million in federal recovery funds to rebuild damaged homes, businesses and infrastructure The U.S. Department of Housing and Urban Development (HUD) today announced its approval of the State of Georgia’s disaster action plan, which will invest $38 million to support the state in its recovery from the effects of deadly tornados in January of…
HUD: Plan Approved to Support Missouri in its Recovery from 2017 Storms and Flooding
$58.5 million in federal recovery funds to rebuild damaged homes, businesses and infrastructure The U.S. Department of Housing and Urban Development (HUD) today announced its approval of the State of Missouri’s disaster action plan, which will invest $58.5 million to support the state in its recovery from the effects of severe storms, tornadoes, high winds…