HUD: FHA Extends Current Foreclosure Protections for Borrowers in Maui County, HI
To assist borrowers impacted by the August wildfires, mortgage servicers will be prohibited from initiating or completing foreclosure actions through May 6, 2024. The Federal Housing Administration (FHA) today announced it is extending its existing disaster-related foreclosure moratorium in Maui County, HI, through May 6, 2024, for borrowers with FHA-insured single-family mortgages, including seniors with Home Equity…
HUD: FHA Changes Appraisal Requirements for Certain Manufactured Homes to Enhance Financing Flexibility for Borrowers
Updated requirements for valuation of manufactured homes contribute to FHA’s efforts to increase the availability and affordability of manufactured housing as part of the Biden-Harris Administration’s Housing Supply Action Plan. The Federal Housing Administration (FHA) today announced the publication of updated appraisal requirements for the valuation of manufactured homes certified under Fannie Mae’s MH AdvantageTM and Freddie Mac’s…
HUD: FHA Proposes New Enhancements to Home Equity Conversion Mortgage Program
HUD is seeking public feedback on proposals to improve program’s stability for senior homeowners. The Federal Housing Administration (FHA) today announced it has posted for industry feedback a set of proposed policy updates to its Home Equity Conversion Mortgage (HECM) program designed to improve program stability and to respond to changing market conditions. These measures reaffirm FHA’s…
HUD: FHA Publishes Comprehensive Guidance for the Home Equity Conversion Mortgage Program
Newly published chapters of the Single Family Housing Policy Handbook provide a central source of information to enhance program delivery for seniors choosing to age in place in their own homes The Federal Housing Administration (FHA) today announced the publication of consolidated and comprehensive policies for its Home Equity Conversion Mortgage (HECM) program, and the inclusion of…
HUD: Rule Proposed to Remove Criminal Conviction Restrictions for Fair Housing Testers
New rule would eliminate restrictions on those with prior felony or certain other criminal convictions in FHIP- and FHAP-Funded Testing Programs. Today, the U.S. Department of Housing and Urban Development (HUD) published a Notice of Proposed Rulemaking in the Federal Register that would eliminate the agency’s restrictions on the use of fair housing testers with prior felony…
HUD: Communities and Developers Encouraged to Explore More Commercial to Residential Housing Conversions
New White House Guidebook and Updated HUD Notice would provide new tools to help expand housing supply affordability Today, the U.S. Department of Housing and Urban Development (HUD) and the Biden-Harris Administration announced important updates that will help bolster our nation’s housing supply and improve housing affordability. The White House released a guidebook, developed in partnership with…
HUD: Agency Celebrates Opening of 76 New Affordable Senior Homes in Columbus, OH
HUD Assistant Secretary Julia Gordon highlights Biden-Harris Administration’s commitment to affordable rental housing at ribbon-cutting ceremony at Salem Village The U.S. Department of Housing and Urban Development’s (HUD) Assistant Secretary for Housing Julia R. Gordon today joined the leadership of National Church Residences, the largest nationwide non-profit organization providing affordable senior housing, and state and…
HUD and Census Bureau: New Residential Sales Report Released for September 2023
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 September 2023: New Home Sales Sales of new single‐family houses in September 2023 were at a seasonally adjusted annual rate of 795,000, according to estimates released jointly today by the U.S. Census…
HUD: More Housing Choices Expanded to a Total of 800,000 Households with Rental Assistance
Today’s action expands rule to provide housing choices and neighborhood opportunities for additional 440,000 households who use Housing Choice Vouchers Today, the U.S. Department of Housing and Urban Development (HUD) announced action that will cover expanded housing and neighborhood choices for more than 800,000 total households using Housing Choice Vouchers to find and secure affordable…
HUD: ConnectHomeUSA Virtual Summit Announced to Bridge the Digital Divide for HUD-Assisted Families
A 3-day virtual summit for interested parties to promote digital inclusion for American families and ensure all HUD-Assisted families enroll in the Affordable Connectivity Program Today, the U.S. Department of Housing and Urban Development (HUD) announced that Secretary Marcia L. Fudge will provide remarks at the 2023 ConnectHomeUSA (CHUSA) Virtual Summit for CHUSA communities, Public…