HUD: First Deal Delivered to Promote Energy Efficiency and Climate Resiliency for Massachusetts Families
Transaction enhances green features of renovation project in Quincy, Massachusetts. Today, the U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs, announced it completed a $750,000 grant transaction under the Green and Resilient Retrofit Program (GRRP) with Wollaston Lutheran Church. Grant funds will be used to finance energy efficiency and climate…
HUD: Nearly $900 Million Announced to Make Low-Income Families’ Homes Safer and Healthier
Funding supports President Biden’s plan to address residential health hazards, including lead paint, carbon monoxide, mold, radon, fire safety, and asbestos. Today, the U.S. Department of Housing and Urban Development (HUD) announced nearly $90 million available to reduce residential health hazards for low-income families, including lead-based paint hazards, carbon monoxide, mold, radon, fire safety, and asbestos,…
FHFA: Report Issued on Enterprise Single-Family Guarantee Fees in 2022
he Federal Housing Finance Agency (FHFA) today issued its annual report on single-family guarantee fees charged by Fannie Mae and Freddie Mac (the Enterprises). Guarantee fees are intended to cover the expected credit losses, administrative costs, and cost of capital that the Enterprises incur when they acquire single-family loans from lenders. The report analyzes loans…
HUD: New Guidance Issued to Protect Borrowers from Appraisal Bias
Federal Housing Administration’s new Reconsideration of Value policy requires lenders to provide a pathway for borrowers to request reviews of home appraisal valuations. Today, the U.S. Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), announced a major new step in the Department’s work to protect borrowers from racial or ethnic…
FHFA: House Price Index Up 1.2 Percent in February 2024; Up 7.0 Percent from Last Year
U.S. house prices rose in February, up 1.2 percent from January, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 7.0 percent from February 2023 to February 2024. The previously reported 0.1 percent price decrease in January remained unchanged. For the nine census divisions, seasonally adjusted monthly price changes from…
FHFA: Fair Lending Final Rule Released
The Federal Housing Finance Agency (FHFA) today released its Fair Lending, Fair Housing, and Equitable Housing Finance Plans Final Rule, together with Fannie Mae and Freddie Mac’s (the Enterprises) Equitable Housing Finance Plan updates for 2024 and Performance Reports for 2023. The final rule codifies in regulation FHFA’s fair lending oversight requirements for the Enterprises…
HUD: Series of New Actions Kick Off to Help Communities Fight Extreme Heat
HUD has created a hub of information on extreme heat actions, resources, and guidance, published new technical assistance, and is hosting a stakeholder briefing on extreme heat. Today, as part of the Biden-Harris Administration’s historic Earth Week initiatives, the U.S. Department of Housing and Urban Development (HUD) announced new actions helping support communities to increase resilience…
HUD and Census Bureau: New Residential Sales Report for March 2024 Released
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 March 2024: New Home SalesSales of new single‐family houses in March 2024 were at a seasonally adjusted annual rate of 693,000, according to estimates released jointly today by the U.S. Census Bureau…
HUD: Officials Highlight Climate Resilience Funding Opportunities in Puerto Rico & US Virgin Islands
During a roundtable event, HUD officials shared information about the Green and Resilient Retrofit Program to over 150 participants, showcasing a new source of federal funding for affordable housing rehabilitation focused on energy efficiency and climate resilience. This week, the U.S. Department of Housing and Urban Development (HUD) hosted a bilingual roundtable about HUD’s Green and…
HUD: Nearly $13 Million in Funding Available for Public Housing Agencies to Help Youth Aging Out of Foster Care
HUD encourages agencies to apply in efforts to prevent youth homelessness. Today, the U.S. Department of Housing and Urban Development (HUD) announced that it will make available $12,746,450 to public housing authorities (PHAs) on a competitive basis through HUD’s Foster Youth to Independence (FYI) Initiative to provide housing assistance to young adults transitioning out of…