HUD: FHA Annual Report Showcases Continued Leadership Efforts in Affordable Housing Financing
Annual report to Congress highlights FHA’s leading role in supporting affordable home financing for first-time homebuyers and borrowers of color, providing assistance to struggling homeowners, and addressing housing supply and affordability. The Federal Housing Administration (FHA) today released its Annual Report to Congress on the financial status of its Mutual Mortgage Insurance Fund (MMI Fund), which is…
CFPB: New Report Highlights Problems with Tenant Background Checks
Errors and false information in tenant background checks raise costs and barriers to quality rental housing Today, the Consumer Financial Protection Bureau (CFPB) issued two reports on the tenant background check industry. The reports describe how errors in these background checks contribute to higher costs and barriers to quality rental housing. Too often, these background…
HUD: Rental Assistance Demonstration Conversion Transaction Closed with the Housing Authority of Joliet, IL to Preserve 113 Homes for Low-Income Seniors
Transaction will allow for rental homes at Stevenson Crossing to remain permanently affordable to low-income senior residents. The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing is announcing today that it has closed a Rental Assistance Demonstration (RAD) transaction with the Housing Authority of Joliet (HAJ) in Joliet, IL, to preserve 113…
HUD: Secretary Encourages Aspiring Homebuyers to “Stay Ready” During Virtual House Party
HUD Launches Dedicated Webpage to Connect People to Pathways to Homeownership U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge hosted the virtual event “House Party – Let’s Talk About the House” on Tuesday, November 1 to educate Millennials and Generation Z young adults about the government resources available to buy a…
HUD: $2 Million Awarded to Assess the Impact of Emergency Rental Assistance on Housing Stability
The U.S. Department of Housing and Urban Development (HUD) today awarded $2 million in funding to assess the impact of the Emergency Rental Assistance (ERA) program. Three awardees, Abt Associates; Princeton University; and the University of Pennsylvania in collaboration with the University of California at Berkeley, will receive the funds under the FY2022 Impact Evaluation…
HUD: New Data Shows 11 Percent Decline in Veteran Homelessness Since 2020, Biggest Drop in More than Five Years
Today, the U.S Department of Housing and Urban Development (HUD), the U.S. Department of Veterans Affairs (VA), and the U.S. Interagency Council on Homelessness (USICH) announced preliminary results of the 2022 Point-in-Time Count showing an 11% decline in Veteran homelessness since early 2020, the last time a full count was conducted. This is the biggest drop in…
HUD: Small Communities Win Big with a $1 Million HUD Grant Program
Yesterday, the U.S Department of Housing and Urban Development (HUD) announced a Notice of Funding Opportunity (NOFO) of $1 million through the HOPE VI Main Street Program. This grant program provides assistance to smaller communities in the development of affordable housing that is undertaken in connection with a Main Street revitalization effort. “The beauty of this…
HUD: More Than $148 Million in Supplemental Funding Announced for Multifamily Assisted Housing Property Owners to Combat COVID-19
Owners of properties participating in Multifamily assisted housing programs can apply for reimbursement of costs for property improvements and other measures that protect residents from COVID-19. The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced today that it is opening a new application period for COVID-19 Supplemental Payment (CSP) funding. This…
HUD: Secretary Fudge to Host Virtual “House Party – Let’s Talk About the House” to Support Millennial and Gen Z Pathways to Homeownership
Event to Help and Dispel Common Myths in Homebuying, Amplify Federal Homebuying Programs The U.S. Department of Housing and Urban Development’s (HUD) Secretary Marcia L. Fudge will hold a virtual ‘House Party’ to share information on available federal resources and bust common myths around the homebuying process. This event is to help encourage young adults…
FHFA: House Price Index Down 0.7 Percent in August 2022; Up 11.9 Percent from Last Year
House prices fell nationwide in August, down 0.7 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices rose 11.9 percent from August 2021 to August 2022. The previously reported 0.6 percent price decline in July 2022 remained unchanged. For the nine census divisions, seasonally adjusted monthly house price…