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)…
HUD: More than $15 Million Awarded to Native American Tribes to Support Coronavirus Efforts
The U.S. Department of Housing and Urban Development (HUD) today awarded $15 million to Tribes across the Nation as part of HUD’s Indian Community Development Block Grant (ICDBG) Imminent Threat program, which provides funding to help address problems that pose an imminent threat to public health or safety of Tribal residents. This funding will specifically…
HUD: Equal Access Rule Updated to Return Decision Making to Local Shelter Providers Regarding Sexual Orientation and Gender Identity
Rule upholds Department’s commitment to fair treatment of all individuals while allowing shelter providers to establish an admissions policy that best serves their unique communities U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced a proposed modification to the 2016 portion of the Equal Access rule. The Equal Access rule requires…
FHFA: New Tenant Forebearance Protections Announced
Today, to help renters in multifamily properties stay in their homes and to support multifamily property owners during the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) are allowing servicers to extend forbearance agreements for multifamily property owners with existing forbearance agreements for up to…
HUD: Nearly $1 Million in CARES Act Funding Awarded to 19 State and Local Fair Housing Organizations
The Department of Housing and Urban Development announced today that it is awarding $962,160 in funding to HUD Fair Housing Assistance Program (FHAP) agencies in New York, Louisiana, Rhode Island, Iowa, Pennsylvania, Massachusetts, California, Texas, Indiana, Florida, Nebraska, Hawaii, South Carolina, Maryland, Michigan, Connecticut, and New Jersey to support activities related to COVID-19. The awards…
HUD: Secretary Carson Announces New Foster Youth Housing Vouchers for Nine States
23 Vouchers Awarded to 9 States U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced nearly $200,000 in the most recent round of grants for HUD’s Foster Youth to Independence (FYI) Initiative. Nine housing authorities will receive this funding continuing HUD’s efforts to assist young adults transitioning out of foster care….
FHFA: House Price Index Up 0.2 Percent in April; Up 5.5 Percent from Last Year
U.S. house prices rose in April, up 0.2 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 5.5 percent from April 2019 to April 2020. The previously reported 0.1 percent increase for March 2020 remains unchanged. For the nine census divisions, seasonally adjusted monthly house price changes from March 2020 to April…
HUD and Census Bureau: New Residental Sales Report for May 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 May 2020: New Home Sales Sales of new single-family houses in May 2020 were at a seasonally adjusted annual rate of 676,000. This is 16.6 percent (±15.5 percent)* above the revised April…
HUD: More than $35 Million Awarded to 31 Local HIV/AIDS Housing Programs
Funding offers stable housing for individuals and families at risk of homelessness The U.S. Department of Housing and Urban Development (HUD) today announced more than $35.8 million to assist more than 2,856 low-income persons living with HIV/AIDS and their families over a three-year period. The funding announced today is offered through HUD’s Housing Opportunities for Persons…