HUD: First Week Swift Actions to Support Homeowners and Tackle Nation’s Housing Crisis
In the first week of the Biden Administration, the Department of Housing and Urban Development (HUD) took swift action to address immediate housing needs during the COVID-19 pandemic while laying the groundwork to address the nation’s larger, systemic housing challenges and restore sound management to the department. “HUD and the new administration are quickly addressing…
HUD: FHA Provides Borrowers Struggling to Keep Their Homes Additional Time to Seek Forebearance
Extension of forbearance request deadline supports Biden Administration Day One actions to provide economic relief to those suffering financially due to COVID-19 Today, the Federal Housing Administration (FHA) announced that it will execute the Biden Administration’s request to extend the deadline for borrowers with FHA-insured mortgages who are struggling financially due to COVID-19 to request and receive…
FHFA: House Price Index Up 1.0 Percent in November; Up 11.0 Percent from Last Year
House prices rose nationwide in November, up 1.0 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices rose 11.0 percent from November 2019 to November 2020. The previously reported 1.5 percent price change for October 2020 remained unchanged. For the nine census divisions, seasonally adjusted monthly house price…
HUD: Acting Secretary Announces Extension of Eviction and Foreclosure Moratoriums through March 31, 2021
Agency actions extend eviction and foreclosure moratoriums on federally-backed single family mortgages through March 31, 2021 to provide urgent economic relief to homeowners impacted by COVID-19 Acting U.S. Housing and Urban Development (HUD) Secretary Matthew E. Ammon today announced that the Department has implemented President Biden’s requests to immediately extend eviction and foreclosure moratoriums on…
HUD: Proposed Rule Issued for Implementation of National Standards for the Physical Inspection of Real Estate (NSPIRE)
Today the U.S. Department of Housing and Urban Development (HUD) issued a proposed rule for the National Standards for the Physical Inspection of Real Estate (NSPIRE). This new approach incorporates extensive stakeholder input to redesign the methods HUD uses to ensure properties are in a safe, decent, and sanitary condition. Since taking office, Secretary Carson…
HUD: Final Rule Published to Expand Availability of Affordable Manufactured Housing
Key step finalized today updates Manufactured Housing Construction and Safety Standards to eliminate decades-old regulatory barriers while protecting safety The U.S. Department of Housing and Urban Development published a final rule on January 12, 2021 in the Federal Register which revises the federal Manufactured Home Construction and Safety Standards Act of 1974. The final rule represents the…
HUD: Over $34 Million Awarded to Three Public Housing Agencies to Support Emergency Capital Needs
The U.S. Department of Housing and Urban Development (HUD) today awarded over $34 million to three public housing agencies (PHA) to address emergencies that threaten residents’ health and safety, as well as to help secure their public housing properties against crime and drug-related activity. “Home hazards can manifest without warning,” said HUD Secretary Ben Carson….
FHFA: House Price Index Up 1.5 Percent in October 2020; Up 10.2 Percent from Last Year
House prices rose nationwide in October, up 1.5 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices rose 10.2 percent from October 2019 to October 2020. The previously reported 1.7 percent price change for September 2020 remained unchanged. For the nine census divisions, seasonally adjusted monthly house price…
Census Bureau: July 1, 2020 Estimates of Population and Housing Units Released
The U.S. Census Bureau today released July 1, 2020 estimates of the total population and voting-age population for the nation and states. Additional estimates for metropolitan and micropolitan statistical areas, counties, cities, towns, and Puerto Rico and its municipios, as well as estimates of housing units for the nation, states and counties will be released on a flow basis…
HUD: Opportunity Zone Radio Tour Kicks Off to Commemorate Three Years of Revitalizations in Forgotten Communities
Task Force members to join Secretary Carson in Radio Tour commemorating three years of revitalization success White House Opportunity and Revitalization Council Chairman and U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced a nationwide radio tour to mark the three-year anniversary of the enactment of President Trump’s historic Tax Cuts,…