HUD: Report on Youth Homelessness Underscores Importance of American Rescue Plan
The U.S. Department of Housing and Urban Development (HUD) today released a report on coordinated community approaches to preventing and ending youth homelessness. The report, “Evaluation of the HUD Youth Homelessness Demonstration Program: Early Implementation Report,” underscores the importance of the American Rescue Plan to addressing homelessness, including for youth. The report found that funding…
Census Bureau: New Report Examines Homeownership in the United States from 2005 to 2019
The U.S. Census Bureau today released a new report that examines trends in homeownership over the last 15 years. The report, Homeownership in the United States: 2005 to 2019, is based on statistics from the American Community Survey (ACS). The report presents trends in homeownership at the national, state and county levels. For the first time ever, these…
HUD: $5 Million in COVID-19 Relief Invested for Native Hawaiians
American Rescue Plan funding helps Native Hawaiians respond to COVID-19 U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge today announced $5 million in Native Hawaiian Housing Block Grant (NHHBG) funding under the American Rescue Plan to support the Department of Hawaiian Home Lands (DHHL) in its response to the COVID-19 pandemic….
HUD: Historic $450 Million Investment Made to Provide COVID-19 Relief Funding to Native American Communities Across the Nation
American Rescue Plan funding will help Tribal Communities respond to COVID-19 Pandemic U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge on Thursday announced $450 million in Indian Housing Block Grants (IHBG) to Indian tribes across the country to respond to COVID-19. This funding will be used to help Tribes carry out…
HUD and Census Bureau: New Residential Sales Report Issued for February 2021
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 February 2021: New Home Sales Sales of new single-family houses in February 2021 were at a seasonally adjusted annual rate of 775,000. This is 18.2 percent (±13.9 percent)* below the revised January…
HUD: 2020 Annual Homeless Assessment Report Part 1 Released
Homelessness Increasing Even Prior to COVID-19 Pandemic The U.S. Department of Housing and Urban Development (HUD) today released its 2020 Annual Homeless Assessment Report Part 1 to Congress. The report found that 580,466 people experienced homelessness in the United States on a single night in 2020, an increase of 12,751 people, or 2.2 percent, from 2019….
Census Bureau: 2020 Housing Vacancy Survey Annual Statistics Released
The U.S. Census Bureau today released the 2020 Housing Vacancy Survey. These statistics provide vacancy rates, homeownership rates and characteristics of units available for occupancy for the United States, regions, states and the 75 largest metropolitan statistical areas. Data for all geographies are available both quarterly and annually. Homeownership rates are also tabulated by age of…
FHFA: COVID-19 Multifamily Forbearance Extended Through June 30, 2021
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 June 30, 2021, subject to the continued tenant protections FHFA has imposed during the pandemic. The programs were set to expire March 31, 2021. “COVID-19 continues to…
FHFA: More than $1 Billion in Affordable Housing Funds Authorized
Largest amount ever disbursed to Housing Trust Fund and Capital Magnet Fund, more than double 2019 amounts FHFA Director Mark Calabria announced today that he has authorized the disbursement of $1.09 billion for Fannie Mae and Freddie Mac’s (the Enterprises) affordable housing allocations for 2020. This is the largest amount ever disbursed and more than…
CFPB: New Report Finds Over 11 Million Families at Risk of Losing Housing
Today, the Consumer Financial Protection Bureau (CFPB) issued a report that warns of widespread evictions and foreclosures once federal, state, and local pandemic protections come to an end, absent additional public and private action. Over 11 million families are behind on their rent or mortgage payments: 2.1 million families are behind at least three months…