HUD: New Uses for Communities’ Coronavirus Relief Funds Approved
New flexibilities allow communities to effectively use over 3 billion in HUD relief funds U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced new flexibilities states and local government can use in order to best utilize Community Development Block Grant (CDBG-CV) funds appropriated by the CARES Act, as well as other…
HUD: $472 Million Awarded to Public Housing Authorities to Help Keep Residents Housed
CARES Act Funding provides additional funding to public housing authorities The U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced $472 million in CARES Act funding to help low income families during the coronavirus pandemic. This funding can be used by Public Housing Authorities to help families assisted by Housing Choice…
HUD: Physical Real Estate Assessment Center Inspections will Resume
Inspections previously paused during COVID-19 outbreak due to health concerns U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson announced today the Department will resume Real Estate Assessment Center (REAC) inspections of HUD multifamily and public housing properties and units under strict safety protocols during the national recovery from the COVID-19 pandemic. REAC…
HUD: Over $74 Million in Grants Awarded to Support Affordable Rental Housing for Extremely Low-Income Persons with Disabilities
The U.S. Department of Housing and Urban Development today announced the award of over $74 million in grants to 12 state housing finance agencies to support affordable rental housing for extremely low-income persons with disabilities. The awards will support up to five years of rental assistance for approximately 2,400 units of housing in buildings participating…
HUD: Secretary Carson Meets with Foster Youth to Independence Voucher Recipients in Ohio
U.S. Housing and Urban Development (HUD) Secretary Ben Carson today visited with recipients of HUD’s Foster Youth to Independence (FYI) Initiative and held a roundtable with local leaders to discuss the program, which is in its first year. Secretary Ben Carson meets with Foster Youth to Independence voucher recipients in Ohio before hosting a roundtable…
HUD: Dana Wade Confirmed as New FHA Commissioner
Wade’s housing expertise includes her previous role as Acting Federal Housing Commissioner and Assistant Secretary for Housing U.S. Department of Housing and Urban Development Secretary Ben Carson today applauded the confirmation of Dana Wade to serve as the Federal Housing Administration’s (FHA) Commissioner. FHA currently insures more than 8 million single family mortgages, almost 12,000…
HUD and Census Bureau: New Residential Sales Report for June 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 June 2020: New Home Sales Sales of new single-family houses in June 2020 were at a seasonally adjusted annual rate of 776,000. This is 13.8 percent (±17.8 percent)* above the revised May…
HUD: Housing Choice Voucher Mobility Demonstration Announced
New pilot program aims to break generational cycles of poverty Today Secretary Ben Carson announced HUD’s new “Housing Choice Voucher Mobility Demonstration,” which aims to measure the impact of housing choice upon the economic condition of low-income families. Secretary Carson made the announcement at a news conference alongside Senator Todd Young, Former Congressman Sean Duffy,…
HUD: Secretary Carson Terminates 2015 Affirmatively Furthering Fair Housing Rule
Removal of rule returns power to localities in effort to advance fair housing nationwide U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced the Department will ultimately terminate the Obama Administration’s Affirmatively Furthering Fair Housing (AFFH) regulation issued in 2015, which proved to be complicated, costly, and ineffective— so much so…
HUD: FHA Proposes Streamlined Single Family Servicing Policies
Proposed overhaul focuses on expediting homeowner assistance and achieving operational efficiencies that reduce the cost of servicing The Federal Housing Administration (FHA) today published proposed revisions to its Single Family servicing policies that are designed to remove unnecessary barriers for homeowners seeking mortgage payment relief, achieve operational consistency with industry standard best practices, and reduce…