FHFA: Fannie Mae and Freddie Mac’s Modified Underserved Markets Plan for Duty to Serve Program Published
The Federal Housing Finance Agency (FHFA) today published Fannie Mae and Freddie Mac’s (the Enterprises) modified Underserved Markets Plans for 2018-2020 under the Duty to Serve program. The Plans, originally published Dec. 18, 2017 became effective Jan. 1, 2018. FHFA requested public input in October 2018 on the Enterprises’ proposed Duty to Serve Plan modifications. FHFA…
HUD: Report Shows Homelessness Unchanged in U.S. in 2018 with Notable Declines among Veterans and Families with Children
Homelessness in the U.S. remained largely unchanged in 2018, according to the latest national estimate by the U.S. Department of Housing and Urban Development (HUD). HUD’s 2018 Annual Homeless Assessment Report to Congress found that 552,830 persons experienced homelessness on a single night in 2018, an increase of 0.3 percent since last year. Meanwhile, homelessness…
FEMA: Federal Disaster Assistance Exceeds $656 Million Two Months after Hurricane Michael’s Landfall
Two months after Hurricane Michael raked Northwest Florida with 155 mph winds and devastating storm surge, federal disaster assistance awarded to survivors exceeds $656 million. “The Florida State Emergency Response Team provided a historic response to the strongest hurricane to impact the Panhandle in living memory, completing thousands of missions in support of local response…
FHFA: U.S. Mortgage Statistics Released from the National Mortgage Database
The Federal Housing Finance Agency (FHFA) today released the first set of national statistics derived from the National Mortgage Database (NMDB®) as a step toward implementing the monthly mortgage market survey public data disclosure required by the Housing and Economic Recovery Act of 2008 (HERA). FHFA will continue to assess whether additional data may be…
HUD & VA: Additional Support Announced to Help Homeless Veterans Find Permanent Homes
Second Round of HUD-VASH vouchers to provide housing for veterans and their families In a continuing effort to help end veteran homelessness, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) today announce a second round of funding to help provide permanent homes to veterans and their…
HUD: $23 Million Awarded to Fight Housing Discrimination
The U.S. Department of Housing and Urban Development (HUD) today awarded more than $23 million to nearly 80 fair housing organizations working to protect consumers from housing discrimination. Provided through HUD’s Private Enforcement Initiative (PEI), these grants offer a range of assistance to the nationwide network of fair housing organizations so they can carry out…
HUD and Census Bureau: New Residential Sales Report for October 2018
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for October 2018: New Home Sales Sales of new single-family houses in October 2018 were at a seasonally adjusted annual rate of 544,000. This is 8.9 percent (±13.7 percent)* below the revised September…
FHFA: U.S. House Prices Rise 1.3 Percent in Third Quarter 2018
U.S. house prices rose 1.3 percent in the third quarter of 2018 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 6.3 percent from the third quarter of 2017 to the third quarter of 2018. FHFA’s seasonally adjusted monthly index for September was up 0.2 percent from August. The…
HUD: $30 Million Awarded to Help Children in Foster Care
The U.S. Department of Housing and Urban Development (HUD) today awarded $30 million to public housing authorities nationwide, which will work closely with local public welfare agencies to identify youth at risk of homelessness and families whose lack of adequate housing is the primary reason their children are in foster care. This funding will make…
HUD and Census Bureau: Residential Construction Activity Report for October 2018
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 2018. Building Permits: Privately owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 1,263,000. This is 0.6 percent (±2.4 percent)* below the revised…