HUD: Disaster Assistance Announced for Nebraska Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance to supplement state and local recovery efforts in the areas of Nebraska affected by severe storms, straight-line winds, and tornadoes on December 15, 2021. On February 23, President Biden issued a major disaster declaration for the counties of Adams, Buffalo,…
HUD: Statement on Black Homeownership Remaining Lower than a Decade Ago Despite the U.S. Homeownership Rate Experiencing Largest Annual Increase on Record
U.S. Housing and Urban Development Secretary Marcia L. Fudge on Thursday released the following statement on the National Association of Realtors®’ (NAR) 2022 Snapshot of Race and Home Buying in America report, which examines current racial disparities in the housing market. “Today, homeownership is the principal source of wealth creation for most American households. Unfortunately, NAR’s report…
FHFA: Updated Eligiblity Requirements for Enterprise Single-Family Seller/Servicers Re-Proposed
FHFA will collect industry feedback for 60 days Today, the Federal Housing Finance Agency (FHFA) re-proposed minimum financial eligibility requirements for Fannie Mae and Freddie Mac (the Enterprises) seller/servicers. This update will strengthen, and provide transparency and consistency of, required capital and liquidity for seller/servicers with different business models. “In an ongoing commitment to the safety…
CFPB: New Standards Issued to Outline Options to Prevent Algorithmic Bias in Home Valuations
Standards will help protect homebuyers and owners during the valuation process The Consumer Financial Protection Bureau (CFPB) today outlined options to ensure that computer models used to help determine home valuations are accurate and fair. The options will now be reviewed to determine their potential impact on small businesses. “It is tempting to think that…
FHFA: U.S. House Prices Rise 17.5 Percent Over the Last Year; Up 3.3 Percent from the Third Quarter
U.S. house prices rose 17.5 percent from the fourth quarter of 2020 to the fourth quarter of 2021 according to the Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices were up 3.3 percent compared to the third quarter of 2021. FHFA’s seasonally adjusted monthly index for December was up 1.2 percent from November. “House prices continued to climb but…
HUD: Disaster Assistance Announced for Kansas Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance to supplement state and local recovery efforts in the areas of Kansas affected by severe storms and straight-line winds on December 15, 2021. On February 17, President Biden issued a major disaster declaration for the counties of Barton, Brown, Clay,…
HUD: Disaster Assistance Announced for Hawaii Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance to supplement state and local recovery efforts in the areas of Hawaii affected by severe storms, flooding, and landslides during the period of December 5 and December 10, 2021 On February 15, President Biden issued a major disaster declaration for…
FHFA: Input Requested on Strategic Plan for Fiscal Years 2022-2026
Public input to be received during 30-day period The Federal Housing Finance Agency (FHFA) today requests input on its Draft Strategic Plan, which outlines the Agency’s priorities for the coming years as regulator of the Federal Home Loan Bank System and as regulator and conservator of Fannie Mae and Freddie Mac (the Enterprises). The Strategic Plan contains…
HUD: 2021 Annual Homeless Assessment Report Part 1 Released
Report Suggests that COVID-19 Relief Had Positive Impacts on Sheltered Homelessness The U.S. Department of Housing and Urban Development (HUD) today released its 2021 Annual Homeless Assessment Report Part 1 to Congress. The report found that more than 326,000 people experienced sheltered homelessness in the United States on a single night in 2021, a decrease of…
HUD: Landlord Incentives Cohort Announced for “Moving to Work” Demonstration
29 Public Housing Authorities Selected to Join the Demonstration, 70 PHAs now part of MTW Expansion The U.S. Department of Housing and Urban Development (HUD) on Thursday announced the Landlord Incentives cohort of the expansion of the Moving to Work (MTW) Demonstration Program. Through this cohort, HUD will evaluate landlord incentives and their impact on…