HUD: 20th Anniversary of National Homeownership Month Commemorated
President Biden issues Proclamation marking June as National Homeownership Month The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) mark June as National Homeownership Month following President Biden’s proclamation issued on Tuesday. This year’s Homeownership Month celebrates the 20th year of this opportunity to amplify the benefits of homeownership and…
HUD: Disaster Assistance Announced for Kansas Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance to State and local recovery efforts in the areas of Kansas affected by severe winter storms and straight-line winds from March 17 to March 22, 2022. On May 25, President Biden issued a major disaster declaration for the counties of…
HUD: $147 Million Awarded to Tribal Communities for Affordable Housing and Community Development
The U.S. Department of Housing and Urban Development (HUD) on Thursday announced 83 awards totaling $147 million for affordable housing and community development projects that primarily benefit people with low and moderate incomes in American Indian and Alaska Native communities. “Every person deserves a fair shot to get ahead-one that includes access to safe, affordable…
HUD and Census Bureau: New Residential Sales Report for April 2022 Issued
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 April 2022: New Home Sales Sales of new single‐family houses in April 2022 were at a seasonally adjusted annual rate of 591,000, according to estimates released jointly today by the U.S. Census…
HUD: $500,000 Loan Guarantee Announced for Downey, CA to Advance Energy Efficiency Upgrades
The U.S. Department of Housing and Urban Development (HUD) today announced a $500,000 loan guarantee for the City of Downey, California for the Solar Photovoltaic and Battery Energy Storage Systems Project. The loan guarantee, offered through the Section 108 Loan Guarantee Program, will be used to help finance the installation of energy efficiency upgrades, such…
HUD: FHA New “Green Mortgage Insurance Premium” Reductions Announced for Residential Care Facilities Meeting Industry-Recognized Green Building Certifications
Reductions of mortgage insurance premiums for “green” Section 232 Residential Care Facilities supports Administration’s environmental objectives and HUD’s Climate Action Plan. The Federal Housing Administration (FHA) announced on Wednesday, May 18 that it intends to implement significant reductions in the upfront and annual mortgage insurance premiums (MIP) it charges for most mortgage insurance categories under the Section…
HUD: $10.3 Billion in Grants Announced for Housing and Community Development Activities Across U.S.
Funding Will Enable Affordable Housing Development and Other Activities to Meet Needs of Families and Communities The U.S. Department of Housing and Urban Development (HUD) today announced $10.3 billion in Fiscal Year 2022 formula grants to communities across the United States for housing and community development activities ranging from affordable housing development to public housing…
HUD: Asset-Building Support Expanded for HUD-Assisted Families
The U.S. Department of Housing and Urban Development (HUD) on Monday announced it will publish a rule to implement changes to the Family Self-Sufficiency (FSS) Program. The changes include permanently expanding the definition of an eligible family to include tenants of privately owned multifamily properties subsidized with Project-Based Rental Assistance (PBRA). “As we mark the…
HUD: Actions to Increase Affordable Housing Supply and Lower Housing Costs Higlighted
U.S. Housing and Urban Development (HUD) Secretary Marcia L. Fudge on Monday traveled to Columbus, Ohio to announce actions in the Biden-Harris Administration Action Plan to Ease the Burden of Housing Costs, The Plan is a set of legislative and administrative steps aim to close the housing supply gap within the next five years. Secretary Fudge…
HUD: FHA Supports Affordable Housing with Financing of $8.2 Million Mortgage for Senior Housing in Sacramento, CA
Insurance endorsement provided by FHA supports substantial rehabilitation of 32 units serving 55+ residents at 30%, 45%, 50%, and 60% of the area median income. The Federal Housing Administration (FHA) announced on May 13, that it has closed on a $8.2 million mortgage insured under FHA’s 221(d)(4) Substantial Rehabilitation program for Gloria Drive Apartments in…