HUD: First-Ever Tribal Intergovernmental Advisory Committee Announced
Announcement precedes 2022 White House Tribal Nations Summit on the progress made to strengthen Nation-to-Nation relationships and invest record levels of resources in Tribal communities Today, the U.S. Department of Housing and Urban Development (HUD) announced the members of the first-ever Tribal Intergovernmental Advisory Committee (TIAC). HUD Secretary Marcia L. Fudge is launching the committee…
HUD and Census Bureau: New Residential Sales Report for October 2022 Released
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 October 2022: New Home SalesSales of new single‐family houses in October 2022 were at a seasonally adjusted annual rate of 632,000, according to estimates released jointly today by the U.S. Census Bureau…
HUD: Flood Insurance Options Increased for Homeowners with FHA Mortgages Living in Special Flood Areas
Federal Housing Administration to allow private flood insurance policies on insured single-family mortgages in special flood hazard areas The U.S. Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), is announcing today that effective December 21, 2022, it will allow homeowners with FHA-insured mortgage financing to obtain flood insurance policies that conform to…
HUD: 87 Affordable Rental Homes Preserved Through Rental Assistance Demonstration Conversion with the Housing Authority of the City of Little Rock
Recently closed RAD conversion transaction supports affordable rental homes across three properties in southwest Little Rock, AR The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing recently closed a Rental Assistance Demonstration (RAD) transaction with the Housing Authority of the City of Little Rock, AR, to preserve and rehabilitate 87 affordable rental…
HUD: FHA Annual Report Showcases Continued Leadership Efforts in Affordable Housing Financing
Annual report to Congress highlights FHA’s leading role in supporting affordable home financing for first-time homebuyers and borrowers of color, providing assistance to struggling homeowners, and addressing housing supply and affordability. The Federal Housing Administration (FHA) today released its Annual Report to Congress on the financial status of its Mutual Mortgage Insurance Fund (MMI Fund), which is…
HUD: Rental Assistance Demonstration Conversion Transaction Closed with the Housing Authority of Joliet, IL to Preserve 113 Homes for Low-Income Seniors
Transaction will allow for rental homes at Stevenson Crossing to remain permanently affordable to low-income senior residents. The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing is announcing today that it has closed a Rental Assistance Demonstration (RAD) transaction with the Housing Authority of Joliet (HAJ) in Joliet, IL, to preserve 113…
HUD: Secretary Encourages Aspiring Homebuyers to “Stay Ready” During Virtual House Party
HUD Launches Dedicated Webpage to Connect People to Pathways to Homeownership U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge hosted the virtual event “House Party – Let’s Talk About the House” on Tuesday, November 1 to educate Millennials and Generation Z young adults about the government resources available to buy a…
HUD: $1.447 Billion Announced for 2021 Disaster Recovery and Mitigation
The U.S. Department of Housing and Urban Development (HUD) today announced the allocation of $1.447 billion in Community Development Block Grant – Disaster Recovery (CDBG-DR) funds to provide additional help to communities recovering from 2021 disasters as well as support building inclusive resilience to climate change. “HUD continues to do the work to support recovery…
HUD: $2 Million Awarded to Assess the Impact of Emergency Rental Assistance on Housing Stability
The U.S. Department of Housing and Urban Development (HUD) today awarded $2 million in funding to assess the impact of the Emergency Rental Assistance (ERA) program. Three awardees, Abt Associates; Princeton University; and the University of Pennsylvania in collaboration with the University of California at Berkeley, will receive the funds under the FY2022 Impact Evaluation…
HUD: New Data Shows 11 Percent Decline in Veteran Homelessness Since 2020, Biggest Drop in More than Five Years
Today, the U.S Department of Housing and Urban Development (HUD), the U.S. Department of Veterans Affairs (VA), and the U.S. Interagency Council on Homelessness (USICH) announced preliminary results of the 2022 Point-in-Time Count showing an 11% decline in Veteran homelessness since early 2020, the last time a full count was conducted. This is the biggest drop in…