HUD and Census Bureau: New Residential Sales Report for July 2022 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 July 2022: New Home Sales Sales of new single‐family houses in July 2022 were at a seasonally adjusted annual rate of 511,000, according to estimates released jointly by the U.S. Census Bureau…
FHFA: Intent to Establish a Federal Advisory Committee on Affordable, Equitable and Sustainable Housing Announced
The Federal Housing Finance Agency (FHFA) today announced its intent to establish a Federal Advisory Committee on Affordable, Equitable, and Sustainable Housing (Committee). The Committee will provide advice and input regarding affordable, equitable, and sustainable housing needs and any regulatory or policy changes that may be necessary or beneficial to address those matters. In addition,…
HUD: $34 Million Loan Guarantee Awarded to Cincinnati, OH for Affordable Housing
The U.S. Department of Housing and Urban Development (HUD) today announced a $34 million loan guarantee for Cincinnati, Ohio for the Affordable Housing Loan Fund Project to spur the creation of more affordable housing. This upfront source of financing, awarded through HUD’s Section 108 Loan Guarantee Program (Section 108) program, is the lynchpin of the…
HUD: $41 Million Awarded to Boost Local Affordable Housing and Community Development Efforts
The U.S. Department of Housing and Urban Development (HUD) announced today that it will make available $41 million for local affordable housing and community development activities that benefit people with low-incomes. The funding is being awarded through HUD’s Capacity Building for Affordable Housing and Community Development program, also known as Section 4. “President Biden’s top…
FHFA: 2023-2024 Multifamily Housing Goals Proposed for Fannie Mae and Freddie Mac
Today, the Federal Housing Finance Agency (FHFA) proposed new benchmark levels for the multifamily housing goals for Fannie Mae and Freddie Mac (the Enterprises) for 2023 and 2024. The rule proposes a new methodology for measuring the Enterprise multifamily housing goals. Rather than measuring the multifamily housing goals based on a number of units, the proposed rule would use…
HUD: Deputy Secretary Travels to Alaska to Focus on Tribal Housing Supply
Nearly $285 million in HUD funding has been awarded to Tribal entities in Alaska over the past two years with more funding on the way The U.S. Department of Housing and Urban Development’s (HUD) Deputy Secretary Adrianne Todman was in Alaska this week to discuss Tribal housing supply with local leaders and organizations across the…
HUD: $10 Million Funding Opportunity Announced for Capacity Building in Rural America
Rural Capacity Building grants help non-profits build capacity to create affordable housing and stimulate community development in rural areas The U.S. Department of Housing and Urban Development (HUD) announced today that it will make available $10 million in Rural Capacity Building grants. The Rural Capacity Building (RCB) program enhances the capacity and ability of rural…
HUD: More than $840,000 Awarded to Provide Rental Assistance and Supportive Services to Native American Veterans Experiencing or At Risk of Homelessness
The U.S. Department of Housing and Urban Development (HUD) today awarded $841,113 in Tribal HUD-Veterans Affairs Supportive Housing (Tribal HUD-VASH) expansion grants to three Tribally Designated Housing Entities (TDHEs) to help house 45 Native American Veterans experiencing or at risk of experiencing homelessness. Funding was awarded to two existing Tribal HUD-VASH grantees, Cook Inlet Housing…
HUD: $221 Million Announced to Tribal Communities for Affordable Housing and Community Development
The U.S. Department of Housing and Urban Development (HUD) today announced that it will make available $221 million in competitive funding for affordable housing and community development projects that primarily benefit low-to-moderate income persons in American Indian and Alaska Native communities. “The Biden-Harris Administration has made unprecedented investments in Tribal communities,” said Secretary Marcia L. Fudge. “This…
HUD: Affordable Rental Housing Community for Seniors in North Seattle, WA Completed Under Section 202 Grant Award
More than $3 million in HUD funding supported new construction and expansion of 82 homes serving residents age 62+ at 50% of the area median income. The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing is announcing today the completion of construction of Northaven West, a senior community in the Northgate…