HUD: $2.7 Billion Awarded to Improve, Preserve Nation’s Public Housing
Housing authorities will use funding to modernize housing for families, seniors The U.S. Department of Housing and Urban Development today awarded more than $2.7 billion in funding to nearly 2,900 public housing authorities (PHAs) in all 50 states, as well as the District of Columbia, Guam, Puerto Rico and the U.S. Virgin Islands to make…
FHFA: U.S. House Prices Rise 10.8 Percent over the Last Year; Up 3.8 Percent in the Fourth Quarter
U.S. house prices rose 10.8 percent from the fourth quarter of 2019 to the fourth quarter of 2020 according to the Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices were up 3.8 percent compared to the third quarter of 2020. FHFA’s seasonally adjusted monthly index for December was up 1.1 percent from November. “House prices nationwide recorded the…
HUD: Disaster Assistance Announced for Victims of Texas Severe Winter Storm
Foreclosure protections in place for homeowners in Presidentially Declared Major Disaster Areas The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for the State of Texas to provide support to homeowners and homebuyers in areas affected by the Severe Winter Storm. On February 19, 2021, President Biden…
HUD: $38.8 Million in Loan Guarantee Assistance Announced for the District of Columbia for Affordable Housing Projects
Funds will support and preserve affordable housing in the Washington, DC area The U.S. Department of Housing and Urban Development (HUD) today announced that the Department of Housing and Community Development (DHCD) in Washington, DC will receive a $38.8 million loan guaranteed by HUD to fund a variety of affordable housing rehabilitation projects that will…
HUD: Extensions and Expansion of COVID-19 Homeowner Relief and Home Retention Measures Announced
Extensions and expansions support the immediate and ongoing needs of homeowners who are experiencing economic impacts related to the COVID-19 pandemic. To provide urgent economic relief to homeowners impacted by COVID-19, today the U.S. Department of Housing and Urban Development (HUD) announced extensions of the Federal Housing Administration’s (FHA) foreclosure and eviction moratoriums, as well…
HUD: Fair Housing Act Will Be Enforced to Prohibit Discrimination on the Basis of Sexual Orientation or Gender Identity
HUD directive begins implementation of the policy set forth in Biden executive order to prevent and combat sexual orientation and gender identity-based discrimination The U.S. Department of Housing and Urban Development (HUD) today announced that it will administer and enforce the Fair Housing Act to prohibit discrimination on the basis of sexual orientation and gender…
HUD: FHA Issues Measures to Protect Health, Safety and Homeownership Security of Borrowers Impacted by COVID-19
Today, the Federal Housing Administration (FHA) issued a series of waivers of provisions in its Single Family Housing Policy Handbook 4000.1 that would normally require in-person contact between mortgage servicers and borrowers, including seniors with FHA-insured Home Equity Conversion (HECM) reverse mortgages. These waivers allow important mortgage servicing activities to continue, but in a manner that allows for safe…
HUD: Puerto Rico Housing Department and HUD Announce New Action to Enable Stronger Recovery for the Island
The U.S. Department of Housing and Urban Development (HUD) and Puerto Rico’s housing department, Departamento de la Vivienda, today announced two partial approvals of Vivienda’s Action Plan, approving the use of $6.2 billion in Community Development Block Grant Mitigation (CDBG-MIT) funding for Puerto Rico. “HUD and the Biden Administration are committed to working with Puerto…
HUD: Funding Renewed for Thousands of Local Homeless Programs
$2.5 billion to renew existing grants for more than 6,500 community-based housing and service providers The U.S. Department of Housing and Urban Development (HUD) today awarded $2.5 billion to renew support to thousands of local homeless assistance programs across the nation. HUD’s Continuum of Care (CoC) grants will provide critically needed support to 6,597 local…
HUD and Census Bureau: New Residential Sales Report for December 2020
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 December 2020: New Home Sales Sales of new single-family houses in December 2020 were at a seasonally adjusted annual rate of 842,000. This is 1.6 percent (±15.8 percent)* above the revised November…