HUD: $10 Million Awarded for the Development for 538 Affordable Homes

SHOP grant funding empowers non-profit partners to help 538 families and individuals become homeowners   In an effort to help more working families become homeowners, the U.S. Department of Housing and Urban Development (HUD) today awarded $10 million in grants to four non-profit housing organizations, which will create at least 538 […]

HUD: Support Continues for Fifteen States and Four U.S. Territories Recovering from Major Disasters

The U.S. Department of Housing and Urban Development (HUD) today allocated over $2.3 billion to support the long-term disaster recovery process in hard-hit areas in fifteen states, the Commonwealth of Puerto Rico, the U.S. Virgin Islands, American Samoa and the Commonwealth of the Northern Mariana Islands. This allocation today is […]

HUD: Request Issued for Information on Eliminating Regulatory Barriers to Affordable Housing

The U.S. Department of Housing and Urban Development (HUD) today published a Request for Information (RFI) seeking public comment on Federal, State, local, and Tribal laws, regulations, land use requirements, and administrative practices that artificially raise the costs of affordable housing development and contribute to shortages in America’s housing supply. […]

HUD: New Incentive Package Announced for Purchase or Rehabilitation of Single Family Properties in Opportunity Zones

FHA policy announcement will encourage purchase and rehabilitation of homes in distressed neighborhoods   U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced that the Federal Housing Administration (FHA) will offer a new incentive for borrowers interested in rehabilitating homes in Opportunity Zones. FHA is effectuating this through […]

HUD: More than $130 Million Awarded to Provide Affordable Housing to People with Disabilities

The U.S. Department of Housing and Urban Development (HUD) today awarded $131.3 million to 325 local public housing authorities across the country to provide affordable housing to approximately 15,363 additional non-elderly persons with disabilities. Secretary Ben Carson made the national announcement during a visit to Detroit, Michigan. The Detroit Housing […]

HUD and Census Bureau: Residential Construction Activity Report for October 2019

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 October 2019. Building Permits Privately owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 1,461,000. This is 5.0 percent […]

HUD: FHA Releases 2019 Annual Report to Congress

MMI Fund Capital Ratio continues to exceed the statutory minimum – strongest since 2007  The Federal Housing Administration (FHA) today released its 2019 Annual Report to Congress on the economic condition of the agency’s Mutual Mortgage Insurance Fund (MMI Fund). FHA reports that at the end of Fiscal Year (FY) 2019, The […]

HUD: $1.5 Million Awarded to Public Housing Authorities to Assist Young People Aging Out of Foster Care

U.S. Housing and Urban Development (HUD) Secretary Ben Carson today awarded $1.5 million to nearly a dozen housing authorities to assist young people aging out of foster care and who are at risk of experiencing homelessness. See chart here. Funded through HUD’s new Foster Youth to Independence (FYI) Initiative, this funding […]

HUD: Justice Department and HUD Sign Interagency Memorandum on the Application of the False Claims Act

Agreement Fulfills Key component of HUD Housing Finance Reform Plan U.S. Housing and Urban Development Secretary Ben Carson and U.S. Attorney General William Barr today issued a Memorandum of Understanding (MOU) between the two agencies that sets prudential guidance on the appropriate use of the False Claims Act (FCA) for […]