FEMA: Recovery Progress Continues in Puerto Rico with Agreement on Public Assistance Alternative Procedures Guide
FEMA Administrator Brock Long announced today that FEMA and the Government of Puerto Rico have coordinated the guidelines for permanent work restoration in Puerto Rico. FEMA is releasing the “Public Assistance Alternative Procedures Guide for Permanent Work (Section 428)” document specifically for permanent work projects in Puerto Rico. Using these procedures, FEMA will develop fixed-cost…
HUD: Justice Department and HUD Join Forces in Nationwide Initiative to Combat Sexual Harassment in Housing
Today, as the U.S. Department of Housing and Urban Development (HUD) and the Department of Justice recognizes the 50th Anniversary of the Fair Housing Act, Secretary Carson and Attorney General Jeff Sessions announced the nationwide rollout of an initiative aimed at increasing awareness and reporting of sexual harassment in housing. The announcement includes an interagency…
HUD: $1.6 Billion Awarded to Help the U.S. Virgin Islands to Recover from Hurricanes Irma and Maria
Disaster recovery funds to help repair damaged homes, businesses and infrastructure WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today awarded $1.6 billion to support long-term disaster recovery in the U.S. Virgin Islands following Hurricanes Irma and Maria. These funds are provided through HUD’s Community Development Block Grant – Disaster Recovery (CDBG-DR)…
HUD: $28 Billion Awarded to Help Hard-Hit Disaster Areas in Nine States, Puerto Rico and U.S. Virgin Islands
Disaster recovery funds to help repair damaged housing, businesses and infrastructure The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $28 billion to support long-term disaster recovery in hard-hit areas in nine states, Puerto Rico and the U.S. Virgin Islands. These funds are provided through HUD’s Community Development Block Grant – Disaster…
HUD: VA and HUD Team Up to Help Homeless Veterans Find Permanent Homes
HUD-VASH vouchers to provide housing for 5,211 veterans WASHINGTON – In a continued effort to end veteran homelessness, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) today announced $43 million to 325 local public housing agencies (PHAs) across the country to provide a permanent home to…
HUD: Commemorating Fair Housing Month and 50 Years of the Fair Housing Act
Nearly 50 years ago, President Lyndon Johnson signed the Civil Rights Act of 1968 and fair housing became law. In signing the landmark measure, President Johnson declared, “Now, with this bill, the voice of justice speaks again. It proclaims that Fair Housing for all, all human beings who live in this country, is now part…
HUD and Census Bureau: New Residential Sales Report for February 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 February 2018: New Home Sales Sales of new single-family houses in February 2018 were at a seasonally adjusted annual rate of 618,000. This is 0.6 percent (±13.3 percent)* below the revised January…
FHFA: Index Shows Mortgage Rates Increased in February 2018
Nationally, interest rates on conventional purchase-money mortgages increased from January to February, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 4.28 percent for loans closed in late February, up 16 basis points from 4.12 percent in January….
FHFA: House Price Index Up 0.8 Percent in January 2018
U.S. house prices rose in January, up 0.8 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 in December was revised upward to 0.4 percent. The FHFA monthly HPI is calculated using home sales price information from mortgages…
FEMA: President Trump Extends U.S. Virgin Islands Disaster Declaration
The Federal Emergency Management Agency (FEMA) announced that additional disaster assistance is available to the Territory of the U.S. Virgin Islands through an extension of increased federal funding, including direct federal assistance, to the Territory for debris removal and emergency protective measures undertaken as a result of Hurricane Irma beginning on September 5, 2017 and…