HUD: $2 Million Awarded to Revitalize Smaller Communities and Develop Affordable Housing
Grants will rejuvenate older downtown business districts and develop affordable housing while retaining the area’s historic character. Today, the U.S. Department of Housing and Urban Development (HUD) announced that a total of three grantees will receive an award for a combined $2 Million in 2023 Hope VI Main Street grants. These grants will assist small…
HUD: Housing Assistance Opportunities Expanded for Native Hawaiian Families
Final rule makes rental assistance and affordable housing opportunities more available under the Native Hawaiian Housing Block Grant Program. Today, the U.S. Department of Housing and Urban Development (HUD) issued a final rule to expand affordable housing opportunities in the form of rental assistance to Native Hawaiian families under the Department’s Native Hawaiian Housing Block…
FHFA: Multifamily Property Insurance Symposium Scheduled for March 13th
As a part of its continued efforts to foster meaningful dialogue on the growing challenges related to the availability and affordability of property insurance, the Federal Housing Finance Agency (FHFA) today announced it will host the next session in its series of property insurance symposiums on March 13, 2024. “The availability and affordability of insurance…
HUD: Nearly $7 Million Announced to Support People Experiencing Homelessness in Maui through Rapid Response Grant
Grant will be awarded to the state of Hawai’i to help communities in Maui in the wake of the wildfires. Today the U.S. Department of Housing and Urban Development (HUD) awarded $6.9 million in Rapid Unsheltered Survivor Housing (RUSH) funding to the state of Hawai’i address the needs of individuals and families who are homeless…
HUD: Input Requested to Strengthen Domestic Manufacturing for Housing Infrastructure Projects
Public Feedback sought to enhance Build America, Buy America implementation, understand market readiness, and foster domestic supply chains in housing infrastructure development. Today, the U.S. Department of Housing and Urban Development announced a Request for Information (RFI) regarding infrastructure projects that receive Federal Financial Assistance (FFA) and are or will be subject to the Build…
HUD: HHS and HUD’s Accelerator Program Partner to Address Homelessness
HHS and HUD’s Accelerator Program will Help States Expand Services to Make it Easier for People with Complex Medical Needs to Get and Keep Stable Housing The U.S. Department of Health and Human Services (HHS) and Department of Housing and Urban Development (HUD) are announcing that eight states and the District of Columbia (DC) have…
HUD: New National Challenge Encourages Participation in Locating Homes and Businesses that Lack Internet Access
The challenge process in each state and territory will determine which locations are eligible for BEAD-funded projects Today, the U.S. Department of Housing and Urban Development (HUD) is encouraging affordable housing facilities to help states and territories determine where to direct grant funding to expand high-speed Internet access by participating in the BEAD challenge process….
Federal Reserve: New Paper Reexamines the Role of the CRA in Mortgage Supply and the U.S. Housing Boom
Abstract: Concerns have lingered since the 2007 subprime crisis that government housing policies promote risky mortgage lending. The first peer-reviewed evidence of a causal effect was published by the Review of Financial Studies in a paper (Saadi, 2020) linking the crisis to changes in the Community Reinvestment Act (CRA) in 1995. A review of that…
FHFA: House Price Index Up 0.3 Percent in November 2023; Up 6.6 Percent from Last Year
U.S. house prices rose in November, up 0.3 percent from October, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 6.6 percent from November 2022 to November 2023. The previously reported 0.3 percent price increase in October remained unchanged. For the nine census divisions, seasonally adjusted monthly price changes from…
HUD: $3.16 Billion in Homelessness Assistance Funding Awarded to Communities Nationwide
Grant awards to over 7,000 projects represent the largest amount of annual federal funding provided through HUD’s Continuum of Care program in history, expanding housing and services projects for people experiencing homelessness, including survivors of domestic violence, dating violence, stalking, and sexual assault The U.S. Department of Housing and Urban Development (HUD) announced nearly $3.16…