HUD: Action Taken on Junk Fees in Rental Housing
Major online rental search platforms agree to provide tens of millions of consumers with better information about fees. Today, President Biden and U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge announced new commitments by several of the biggest rental housing search platforms to increase transparency of housing fees, and released new…
HUD: Initial Recipients for Thriving Communities Technical Assistance Announced
The U.S. Department of Housing and Urban Development (HUD) is pleased to announce initial recipients of technical assistance offered through its Thriving Communities Technical Assistance (TCTA) program: Syracuse, NY; Rockford, IL; Redmond, WA; and Sun Prairie, WI. TCTA is designed to help local governments ensure housing needs are addressed as part of their infrastructure investment…
HUD: Public Input Sought to Enhance Accessibility and Usability of Programs to Pave the Way for Improved Housing Solutions
HUD publishes a Request for Information asking the public how the agency can make programs easier to access and use Today, the U.S. Department of Housing and Urban Development (HUD) published a Request for Information asking the public how the agency can make its programs easier to access and use. HUD has taken a number…
HUD: $30 Million Available to State and Local Fair Housing Enforcement Partners
Funding to support and promote fair housing nationwide The U.S. Department of Housing and Urban Development (HUD) announced today that it made $29.5 million in noncompetitive funding available on June 14 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…
HUD: Public Housing Inspections to Begin Under New Rule to Strengthen Inspection Standards in HUD-Assisted and Insured Housing
NSPIRE Final Rule Effective July 1 for Public Housing, October 1 for remaining HUD Rental Assistance Programs As of July 1, the U.S. Department of Housing and Urban Development (HUD) has the authority to begin inspecting public housing under the Final Rule for the National Standards for the Physical Inspection of Real Estate (NSPIRE) after…
HUD: $3.1 Billion Announced to Help People Experiencing Homelessness
In response to a growing homelessness crisis, HUD makes largest-ever single-year investment in communities’ homelessness response systems. The U.S. Department of Housing and Urban Development (HUD) today announced that it will provide more than $3.1 billion in competitive funding to homeless services organizations across the country for supportive services and housing programs for people experiencing…
HUD: House Party in Chicago Spotlights “Make Home the Goal Campaign” to Empower Pathways to Homeownership
Chicago hosts inaugural regional House Party: promoting homeownership, dispelling myths, amplifying federal programs. To close out June’s National Homeownership Month, Chicago-area residents are invited to the House Party, an in-person event to amplify the U.S. Department of Housing and Urban Development’s (HUD) commitment to helping more Americans realize their dream of homeownership. HUD representatives will…
FHFA: Uniform Appraisal Dataset Aggregate Statistics Expanded with New Measures and New Quarterly Data
Agency launches two additional data dashboard The Federal Housing Finance Agency (FHFA) today published its 2023 first quarter data for the Uniform Appraisal Dataset (UAD) Aggregate Statistics. The Data File and Dashboards also include new statistics and property characteristics. For the first time, FHFA’s UAD Aggregate Statistics include data on residential property sales comparisons (“comparables”)….
HUD: FHA Increases Dollar Amount Threshold for Large Multifamily Loans to Be Eligible for Standard Underwriting
Change facilitates greater flexibility for lenders when underwriting Multifamily transactions up to $120 million. The Federal Housing Administration (FHA) today published a Mortgagee Letter that increases the threshold at which a Multifamily loan is considered a Large Loan from $75 million to $120 million. This is the first increase in the threshold since 2014 and will enable…
HUD and Census Bureau: New Residential Sales Report for May 2023 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 May 2023: New Home Sales Sales of new single‐family houses in May 2023 were at a seasonally adjusted annual rate of 763,000, according to estimates released jointly today by the U.S. Census…