HUD: Guidance Issued for Coronavirus Relief Funds
Department working with states and local units of governments to aid vulnerable populations amid outbreak U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today provided guidance and additional flexibility to states and units of local government who are utilizing their existing federal disaster recovery funds to support low- and moderate-income persons and…
FHFA: 2021 Release Dates Announced for House Price Index
The Federal Housing Finance Agency (FHFA) today announced the FHFA House Price Index (HPI) will be released at 9 a.m. ET on the following Tuesdays in 2021: January 26: Monthly Index February 23: Quarterly and Montly Index March30: Monthly Index April 27: Monthly Index May 25: Quarterly and Monthly Index June 29: Monthly Index July 27: Monthly…
HUD and Census Bureau: Residential Construction Activity Report for July 2020 Issued
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for July 2020. Building Permits Privately owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 1,495,000. This is 18.8 percent (±1.1 percent) above the revised…
HUD: Over $74 Million in Grants Awarded to Support Affordable Rental Housing for Extremely Low-Income Persons with Disabilities
The U.S. Department of Housing and Urban Development today announced the award of over $74 million in grants to 12 state housing finance agencies to support affordable rental housing for extremely low-income persons with disabilities. The awards will support up to five years of rental assistance for approximately 2,400 units of housing in buildings participating…
HUD: Secretary Carson Meets with Foster Youth to Independence Voucher Recipients in Ohio
U.S. Housing and Urban Development (HUD) Secretary Ben Carson today visited with recipients of HUD’s Foster Youth to Independence (FYI) Initiative and held a roundtable with local leaders to discuss the program, which is in its first year. Secretary Ben Carson meets with Foster Youth to Independence voucher recipients in Ohio before hosting a roundtable…
ABA: New Report Examines Construction Lending Immediately Before and After COVID-19
The outlook for bank construction lending was strong prior to the onset of the COVID-19 pandemic, and bankers remain optimistic despite challenges resulting from the health and economic crisis, according to a report released by the American Bankers Association today. More than 90% of bank respondents surveyed at the end of 2019 reported that their…
HUD and Census Bureau: New Residential Sales Report for June 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 June 2020: New Home Sales Sales of new single-family houses in June 2020 were at a seasonally adjusted annual rate of 776,000. This is 13.8 percent (±17.8 percent)* above the revised May…
HUD: Housing Choice Voucher Mobility Demonstration Announced
New pilot program aims to break generational cycles of poverty Today Secretary Ben Carson announced HUD’s new “Housing Choice Voucher Mobility Demonstration,” which aims to measure the impact of housing choice upon the economic condition of low-income families. Secretary Carson made the announcement at a news conference alongside Senator Todd Young, Former Congressman Sean Duffy,…
HUD: FHA Proposes Streamlined Single Family Servicing Policies
Proposed overhaul focuses on expediting homeowner assistance and achieving operational efficiencies that reduce the cost of servicing The Federal Housing Administration (FHA) today published proposed revisions to its Single Family servicing policies that are designed to remove unnecessary barriers for homeowners seeking mortgage payment relief, achieve operational consistency with industry standard best practices, and reduce…
HUD: Eviction Prevention and Stability Toolkit Released in Latest COVID-19 Response Effort
Toolkit is the most recent effort by the Department to identify individuals who have felt the economic impact of Coronavirus and provide a range of resources to support housing stability U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced the “Eviction Prevention and Stability Toolkit” to encourage Public Housing Authorities (PHA)…