FHFA: U.S. House Prices Rise 4.3 Percent Over the Last Year; Up 0.5 Percent from Fourth Quarter 2022
U.S. house prices rose 4.3 percent between the first quarters of 2022 and 2023, according to the Federal Housing Finance Agency (FHFA) House Price Index (FHFA HPI®). House prices were up 0.5 percent compared to the fourth quarter of 2022. FHFA’s seasonally adjusted monthly index for March was up 0.6 percent from February. “U.S. house prices generally increased modestly in the…
HUD: $688,000 in Funding Provided for Public Housing Authorities to Help Youth Aging Out of Foster Care
Funding Deployed During National Foster Care Month 2023 Today, as the country marks National Foster Care Month, the U.S. Department of Housing and Urban Development (HUD) announced that it will make available $688 thousand to 12 public housing authorities (PHAs) in 9 states, including California, Oregon, Texas, West Virginia, and Wisconsin. These PHAs will receive…
HUD and Census Bureau: New Residential Sales Report for April 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 April 2023: New Home SalesSales of new single‐family houses in April 2023 were at a seasonally adjusted annual rate of 683,000, according to estimates released jointly today by the U.S. Census Bureau…
HUD: New Details Announced for 2023 Innovative Housing Showcase
General public invited to visit the Showcase on the National Mall June 9 – 11 U.S. Department of Housing and Urban Development (HUD) and National Association of Home Builders (NAHB) today announced new details regarding the Innovative Housing Showcase, including the first round of exhibitors. The Showcase will be an open-to-the-public event on the National…
HUD: More Than $22 Million Awarded to Expand Access to Affordable Housing & Homeownership
$12.5 million in Self-Help Homeownership Opportunity (SHOP) Grants; $10 million Rural Capacity Building Grants The U.S. Department of Housing and Urban Development (HUD) today awarded $12 million in grants to support non-profit, self-help housing organizations that enable homeownership opportunities for hard-working, low-income families and individuals. Funded through HUD’s Self-Help Homeownership Opportunity Program (SHOP), the grants awarded…
HUD: More Than $837 Million Announced to Improve Housing Quality and Reduce Energy Costs for Underserved Communities
New funding from Inflation Reduction Act of 2022 and $4 billion in loan commitment authority will make HUD-assisted multifamily housing more energy efficient, cut greenhouse gas emissions, and improve climate resiliency. The U.S. Department of Housing and Urban Development (HUD) today will announce the availability of new funding through the Green and Resilient Retrofit Program (GRRP) to…
HUD: Standards and Inspection Regulations Strengthened for Evaluating Conditions in HUD Assisted and Insured Housing
NSPIRE Final Rule Effective July 1 and October 1 for all HUD Rental Assistance Programs Today, the U.S. Department of Housing and Urban Development (HUD) published the Final Rule for the National Standards for the Physical Inspection of Real Estate (NSPIRE) in the Federal Register. The rule proposes a new approach to defining and assessing…
HUD: $382 Million Allocated to Help States Produce Affordable Housing
Housing Trust Fund Allocations will increase and preserve the supply of decent, safe, and sanitary affordable housing for extremely low- and very low-income households Today, the U.S. Department of Housing and Urban Development (HUD) allocated $382 million through the nation’s Housing Trust Fund (see list of state allocations below). The Housing Trust Fund (HTF) is an affordable housing…
HUD: $15 Million Awarded to Help Low-Income Seniors Age in Place
Grants will fund health and safety repairs in homes of low-income elderly homeowners The U.S. Department of Housing and Urban Development (HUD) today awarded almost $15 million to 13 nonprofit organizations, in addition to a state government to assist in undertaking comprehensive programs that make safety and functional home modifications and limited repairs to meet…
HUD and Census Bureau: New Residential Sales Report for March 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 March 2023: New Home SalesSales of new single‐family houses in March 2023 were at a seasonally adjusted annual rate of 683,000, according to estimates released jointly today by the U.S. Census Bureau…