FHFA: New Tools Announced to Help Renters Find Out if They Are Protected from Eviction
To help renters find out if they are protected from evictions during the COVID-19 national health emergency, the Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) have created online multifamily property lookup tools. The property lookup tools allow renters to find out if the multifamily property where they…
HUD: Second Wave of Relief Funds, Over Half a Billion Dollars, Allocated to Protect Low-Income Americans
Funds can be used for personal protective equipment, childcare costs, travel costs to receive testing, among other actions U.S. Department of Housing and Urban Development Secretary Ben Carson today announced his Department will allocate $685 million in COVID-19 relief funding to help low-income Americans residing in public housing. The funding, made available by the CARES Act legislation…
HUD: $130 Million Awarded to Revitalize Four Neighborhoods
Federal investments expected to attract more than a $1.5 billion in additional funding for neighborhood reinvestment Today, the U.S. Department of Housing and Urban Development (HUD) announced four communities across the country will receive a combined $130 million to redevelop severely distressed public housing and to revitalize surrounding neighborhoods. Provided through HUD’s Choice Neighborhoods Initiative,…
FHFA: House Price Index Up 0.7 Percent in February; Up 5.7 Percent from 2019
U.S. house prices rose in February, up 0.7 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 5.7 percent from February 2019 to February 2020. The previously reported 0.3 percent increase for January 2020 was revised upward to 0.5 percent. For the nine census divisions, seasonally adjusted monthly…
HUD: Housing Authorities and Tribes Given Additional Flexibility to Focus on Tenants During Pandemic
Waiver authority gives localities and Tribes control in dealing with COVID-19 in Communities The U.S. Department of Housing and Urban Development (HUD) today is granting Public Housing Authorities (PHA), Indian Tribes, and Tribally Designated Housing Entities (TDHEs) waiver authorities and ultimate flexibilities so agency staff can focus on assisting their tenants and properties during the…
HUD: $200 Million in COVID-19 Relief Funding Available to Help Native American Communities Across the Nation
Recovery funding will help American Indian Communities respond to COVID-19 U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced $200 million in Indian Housing Block Grants (IHBG) to American Indian Tribes and Tribally Designated Housing Entities (TDHEs) across the country to respond to COVID-19. This funding will be used to help…
HUD: VA and HUD Announce Support to Help Homeless Veterans in Minnesota Find Permanent Homes
Nearly $35,000 in HUD-VASH vouchers will provide housing and supportive services for St. Paul veterans In a continuing effort to end veteran homelessness, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) today announced nearly $35,000 to the Public Housing Agency of the City of St. Paul…
FHFA: House Price Index Up 0.3 Percent in January; Up 5.2 Percent from Last Year
U.S. house prices rose in January, up 0.3 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 5.2 percent from January 2019 to January 2020. The previously reported 0.6 percent increase for December 2019 was revised upward to 0.7 percent. For the nine census divisions, seasonally adjusted monthly house…
HUD and Census Bureau: New Residential Sales Report for February 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 February 2020: New Home Sales Sales of new single-family houses in February 2020 were at a seasonally adjusted annual rate of 765,000. This is 4.4 percent (±14.8 percent)* below the revised January…
FHFA: Agency Moves to Provide Eviction Suspension Relief for Renters in Multifamily Properties
Today, to keep renters in multifamily properties in their home and to support multifamily property owners during the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) is announcing that Fannie Mae and Freddie Mac (the Enterprises) will offer multifamily property owners mortgage forbearance with the condition that they suspend all evictions for renters unable…