FHFA: 2020 Report to Congress Issued
Highlights FHFA’s actions taken during the pandemic to keep families in their homes The Federal Housing Finance Agency (FHFA) today released its annual Report to Congress (the Report), covering calendar year 2020. The report highlights FHFA’s historic policy response that helped borrowers and renters stay safe in their homes while also ensuring mortgage markets continued to function….
ABA: New Infographic on Homeownership in America Released
In recognition of American Housing Month, the American Bankers Association Foundation today released an infographic outlining current gaps in homeownership rates, barriers faced by younger generations and communities of color trying to own a home, as well as down payment assistance resources banks and other groups offer that can help overcome those barriers. According to the infographic…
HUD: $1.1 Billion in American Rescue Plan Funds Awarded for Emergency Housing Vouchers
U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge today announced the awarding of the first tranche of American Rescue Plan funds for Emergency Housing Vouchers (EHVs) for individuals and families who are experiencing homelessness or at risk of homelessness. Specifically, HUD is awarding $1.1 billion – 70,000 vouchers – for 626…
HUD: National Healthy Homes Month 2021 Kicks Off
Theme of “The Power of Partnerships” underscores the importance of working with our local partners to improve the quality of homes and communities Every June, National Healthy Homes Month (NHHM) highlights the impact of home-related health hazards and preventive actions families can take to eliminate them. During NHHM, the U.S. Department of Housing and Urban…
FHFA: COVID-19 Multifamily Forbearance Extended through September 30, 2021
Multifamily property owners entering into new or modified forbearance plans must offer tenant protections Today, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will continue to offer COVID-19 forbearance to qualifying multifamily property owners through September 30, 2021, subject to the continued tenant protections FHFA has imposed during…
CFPB: New Report Finds that Manufactured Housing Loan Borrowers Face Higher Interest Rates, Risks and Barriers to Credit
Consumers tend to be rural and lower income, and those who do not own the underlying land have the greatest challenges Today the Consumer Financial Protection Bureau (CFPB) published a report that provides new insights into manufactured housing financing, a vital source of lending for millions of manufactured housing homeowners. Manufactured housing is a small…
HUD: $160 Million Awarded to Five Communities to Revitalize Housing, Invest in Neighborhoods
U.S. Housing and Urban Development (HUD) Secretary Marcia L. Fudge on Wednesday announced that five communities have received a combined $160 million to redevelop severely distressed housing and spur comprehensive revitalization under the federal Choice Neighborhoods Initiative. HUD has named Camden, New Jersey; Cleveland, Ohio; Detroit, Michigan; Fort Myers, Florida; and Lewiston, Maine as this…
HUD and Census Bureau: New Residential Sales Report for April 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 April 2021: New Home Sales Sales of new single-family houses in April 2021 were at a seasonally adjusted annual rate of 863,000. This is 5.9 percent (±11.2 percent)* below the revised March…
FHFA: U.S. House Prices Rise 12.6 Percent Over the Last Year; Up 3.5 Percent in the First Quarter 2021
U.S. house prices rose 12.6 percent from the first quarter of 2020 to the first quarter of 2021 according to the Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices were up 3.5 percent compared to the fourth quarter of 2020. FHFA’s seasonally adjusted monthly index for March was up 1.4 percent from February. “House price growth over the…
HUD: $5 Billion Announced to House People Experiencing Homelessness
Secretary Fudge: “With HUD’s swift allocation of this $5 billion in American Rescue Plan funding, we are providing communities the resources to give homes to the people who have had to endure the COVID-19 pandemic without one.” U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge today announced the allocation of $5…