HUD: FHA Revised Title I Policies Published to Further Future Financing of Manufactured Homes
The Federal Housing Administration (FHA) on Tuesday announced the publication of significantly revised and enhanced policies under its Single-Family Title I Manufactured Home Loan Program for lenders to provide loans for the financing of manufactured homes, including those titled as personal property, and the lots on which these homes will reside. The enhanced policies provide updated guidance…
HUD: More than $13 Million in American Rescue Plan Funds Released to Assist Victims of Housing Discrimination Related to the Coronavirus Pandemic
Funds will support the efforts of fair housing enforcement organizations The U.S. Department of Housing and Urban Development (HUD) announced today that it is providing $13.6 million in American Rescue Plan (ARP) funding to enable 51 HUD Fair Housing Initiatives Program (FHIP) agencies to conduct a range of fair housing enforcement and education and outreach…
Census Bureau: Census Data Equity Initiative for Underserved Communities Announced
The U.S. Census Bureau today announced the Census Data Equity Initiative for Underserved Communities. This includes the release of the Data for Equity webpage, press kit, director’s blog and more highlighting datasets and tools available to help federal agencies and other entities identify and equitably distribute resources to underserved communities. The Census Bureau collects demographic, housing, socioeconomic, business and…
HUD: More than $2 Billion Allocated to Advance Equitable Disaster Recovery, Build Climate Change Resilience
The U.S. Department of Housing and Urban Development today announced the allocation of more than $2 billion ($2,040,617,000) in CDBG-Disaster Recovery (CDBG-DR) and CDBG-Mitigation (CDBG-MIT) funds appropriated in the continuing resolution, the Extending Government Funding and Delivering Emergency Assistance Act (PL 117-43; the Act), signed into law on September 30, 2021. These allocations underscore HUD…
HUD: Disaster Assistance Announced for Delaware Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for areas in the State of Delaware affected by the remnants of Hurricane Ida from September 1 to September 7, 2021. On October 25, President Biden issued a major disaster declaration, making federal funding available to state and eligible local…
HUD and Census Bureau: New Residential Sales Report for September 2021 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 September 2021: New Home Sales Sales of new single-family houses in September 2021 were at a seasonally adjusted annual rate of 800,000. This is 14.0 percent (±17.9 percent)* above the revised August…
FHFA: House Price Index Up 1.0 Percent in August 2021; Up 18.5 Percent from Last Year
House prices rose nationwide in August, up 1.0 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices rose 18.5 percent from August 2020 to August 2021. The previously reported 1.4 percent price change for July 2021 remained unchanged. For the nine census divisions, seasonally adjusted monthly house price changes from…
SBA: Hurricane Ida Assistance Has Exceeded $1 Billion
SBA Disaster Relief is Reaching Small Businesses, Homeowners, Renters, and Nonprofits Across Seven Impacted States U.S. Small Business Administration Administrator Isabella Casillas Guzman announced today that the agency has delivered more than $1 billion in disaster rescue funds to small businesses, homeowners, renters, and private nonprofit organizations recovering from damages caused by Hurricane Ida in September….
FHFA: Two Measures Advancing Housing Sustainability and Affordability Announced
Expands Eligibility for Fannie Mae’s and Freddie Mac’s Refinance Programs for Low- and Moderate-Income Borrowers and Restores Desktop Appraisal Flexibility The Federal Housing Finance Agency (FHFA) today announced two measures to sustainably advance the affordability of homeownership for mortgage borrowers across the nation, especially those in underserved communities. “Expanding eligibility for low- and moderate-income families to refinance…
HUD: New Rule Issued Protecting Tenants Facing Eviction for Non-Payment of Rent in HUD-Assisted Properties
The U.S. Department of Housing and Urban Development (HUD) on Wednesday announced that it will publish a rule that prohibits the eviction of tenants facing eviction for nonpayment of rent from HUD-subsidized public housing and certain properties with project-based rental assistance without providing a 30-day notice period that includes information about available federal emergency rental…