HUD: Almost $14 Million Awarded to Local HIV/AIDS Housing Programs
Funding offers stable housing for individuals and families at risk of homelessness The U.S. Department of Housing and Urban Development’s (HUD) Office of HIV/AIDS Housing announced it will award more than $13 million in Housing Opportunities for Persons with AIDS (HOPWA) Permanent Supportive Housing (PSH) Renewal and Replacement Grants, which assist with tenant based rental…
HUD: Deputy Secretary Celebrates Seattle Exceeding House America Goals
Federal, city, and county partnership to House America is addressing homelessness with a Housing First approach U.S. Department of Housing and Urban Development (HUD) Deputy Secretary Adrianne Todman and U.S. Congresswoman Pramila Jayapal joined Seattle Mayor Bruce Harrell, King County Regional Homelessness Authority CEO Marc Dones, and other officials and housing advocates to mark significant progress in…
Census Bureau: More Than 19 Million Renters Burdened by Housing Costs
Over 40% (19 million) of renter households in the country spent more than 30% of their income on housing costs during the 2017-2021 period, according to new American Community Survey (ACS) 5-year estimates released today by the U.S. Census Bureau. Households spending more than 30% on housing costs, including rent or mortgage payments, utilities, and…
HUD: Improvements Announced to the Climate-Forward Housing Program
Rate Reduction Incentive Program Enhancements to Encourage Public Housing Agency Participation Today, the U.S. Department of Housing and Urban Development (HUD) is announcing updated guidance on the use and eligibility of the Rate Reduction Incentive (RRI). The RRI serves as a climate-friendly incentive program available to Public Housing Agencies (PHA) that encourages them to reduce their utility…
HUD: Policy Development & Research to Hold Quarterly Meeting to Discuss the Effects of Institutional Investors in the Housing Market
HUD Secretary Marcia Fudge Delivers Opening Remarks Today, December 6, 2022, the U.S. Department of Housing and Urban Development (HUD) Office of Policy Development & Research (PD&R) will hold its quarterly update meeting to discuss the issues around institutional investors and their impact on housing markets across the United States. The event will include pre-recorded…
HUD: $30 Million Awarded to Fund ROSS Service Coordinators to Support Needs of Public and Indian Housing Residents
Today, the U.S. Department of Housing and Urban Development awarded funding to hire and maintain Service Coordinators who will assess the needs of residents of conventional Public Housing or Indian housing in addition to coordinating available resources in the community. Service Coordinators assist residents of Public and Indian Housing to make progress towards economic and…
Census Bureau: New Report on States with the Highest Percentage of Vacancy Issued
The U.S. Census Bureau today released a new report showing the housing market tightened significantly after the 2009 foreclosure crisis, absorbing much of the excess vacancy it created. The report – Which States Have the Highest Percentage of Vacant Housing Units?– examines the variation in state vacancy rates. It uses the Current Population Survey’s Housing Vacancy…
HUD: New FHA Single Family Title II Forward and Home Equity Conversion Mortgage Loan Limits for 2023 Announced
Today, the Federal Housing Administration (FHA) is announcing new loan limits for calendar year 2023 for its Single Family Title II forward and Home Equity Conversion Mortgage (HECM) insurance programs. Loan limits for most of the country will increase in the coming year due to house price appreciation during the first half of 2022, which is factored into the…
HUD: Modernization of Indian Home Loan Guarantee Program Proposed to Provide More Homeownership Opportunities for Native American Families
Today, the U.S. Department of Housing and Urban Development (HUD) announced the release of a proposed rule for the Section 184 Indian Home Loan Guarantee Program, which will modernize the program regulations and encourage homeownership opportunities in Indian Country. The proposed rule expands and revises the existing program regulations and will codify program requirements, while…
Census Bureau: 2021 Rental Housing Finance Survey Summary Tables Released
The U.S. Census Bureau and the Department of Housing and Urban Development (HUD) today released new summary tables for the 2021 Rental Housing Finance Survey (RHFS). The RHFS provides measures of financial, mortgage and property characteristics of U.S. residential properties with at least one housing rental unit. It is the only data source that provides a comprehensive…