FHFA: Enhancements Announced to Flex Modification for Borrowers Facing Financial Hardship
The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac (the Enterprises) will enhance their Flex Modification policies to allow more borrowers facing longer-term hardships to achieve meaningful payment reductions. The updated Flex Modification policies will promote sustainable homeownership and the safety and soundness of the Enterprises. “The Enterprises have completed over half a million modifications through their Flex Modification offerings since…
HUD: Disaster Assistance Announced for West Virginia Survivors
The U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for the state of West Virginia and ordered Federal assistance to State, tribal, and local recovery efforts in the areas affected by severe storms, straight-line winds, tornadoes, flooding, landslides, and mudslides from April 2 to April 6, 2024. President…
FHFA: U.S. House Prices Rise 6.6 Percent Over the Last Year; Up 1.1 Percent from the Fourth Quarter of 2023
U.S. house prices rose 6.6 percent between the first quarter of 2023 and the first quarter of 2024, according to the Federal Housing Finance Agency (FHFA) House Price Index (FHFA HPI®). House prices were up 1.1 percent compared to the fourth quarter of 2023. FHFA’s seasonally adjusted monthly index for March was up 0.1 percent from February. “U.S. house prices continued…
HUD: $26 Million Available to Promote Fair Housing and Root Out Discrimination
Funds will go to state and local fair housing enforcement partners. Today, the U.S. Department of Housing and Urban Development (HUD) is awarding $26 million in non-competitive funding available to HUD’s state and local fair housing enforcement agencies across the country under its Fair Housing Assistance Program (FHAP). The FHAP is an intergovernmental partnership between the…
HUD and Census Bureau: New Residential Sales Report Published for April 2024
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 April 2024: New Home SalesSales of new single‐family houses in April 2024 were at a seasonally adjusted annual rate of 634,000, according to estimates released jointly today by the U.S. Census Bureau…
HUD: Disaster Assistance Announced for Texas Survivors
The U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for the state of Texas and ordered Federal assistance to State, tribal, and local recovery efforts in the areas affected by severe storms, straight-line winds, tornadoes, and flooding beginning on April 26, 2024, and continuing. President Biden issued a major disaster…
HUD: Nearly $67 Million Announced in New Funding to Make Homes More Energy Efficient and Climate Resilient
Awards from President Biden’s Investing in America Agenda will combat the climate crisis, advance environmental justice, and improve lives for residents in HUD-supported housing. The U.S. Department of Housing and Urban Development (HUD) today announced nearly $67 million in new grant and loan awards for 12 properties under its Green and Resilient Retrofit Program (GRRP) as part…
HUD: $5 Million Made Available for Historically Black Colleges and Universities to Conduct Housing and Community Development Research
The U.S. Department of Housing and Urban Development (HUD) released a $5 million notice of funding opportunity (NOFO) to fund research at one or more Research Centers of Excellence at Historically Black Colleges and Universities (HBCUs). The funded Centers will conduct research projects on topics of strategic interest to HUD and produce research that provides evidence-based solutions…
HUD: Disaster Assistance Announced for Iowa Survivors
The U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for the state of Iowa and ordered Federal assistance to State, tribal, and local recovery efforts in the areas affected by severe storms and tornadoes from April 26 to April 27, 2024. President Biden issued a major disaster declaration in the…
HUD: Nearly $40 Million Awarded to Expand Housing Counseling for Underserved Communities
Vice President Harris and Acting Secretary Todman announced this funding, which will help to bridge the racial homeownership gap and foster the next generation of homeowners. Today, Vice President Kamala Harris and HUD Acting Secretary Adrianne Todman announced that the Biden-Harris Administration is awarding nearly $40 million to expand comprehensive housing counseling services for homebuyers,…