HUD: $30 Million Awarded to Help Low-Income Elderly Homeowners Age in Place
The U.S. Department of Housing and Urban Development (HUD) today awarded $30 million to 32 nonprofit organizations, state and local governments, and public housing authorities to assist in undertaking comprehensive programs that make safety and functional home modifications and limited repairs to meet the needs of low-income elderly homeowners that allow them to age in…
HUD: FHA Extends Single Family Eviction Moratorium
Today’s announcement extends the eviction moratorium through September 30 for foreclosed borrowers and other occupants and notes expiration of the foreclosure moratorium on July 31. The Federal Housing Administration (FHA) on July 30, 2021, announced an extension of its moratorium on evictions for foreclosed borrowers and their occupants through September 30, 2021, and noted the expiration of the foreclosure moratorium on…
HUD and Census Bureau: New Residential Sales Report in June 2021 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 June 2021: New Home Sales Sales of new single-family houses in June 2021 were at a seasonally adjusted annual rate of 676,000. This is 6.6 percent (±16.5 percent)* below the revised May…
HUD: FHA Additional COVID-19 Recovery Options for Homeowners Announced
Streamlined COVID-19 Recovery “waterfall” includes broader payment reductions for those most in danger of losing their homes due to COVID-19 financial hardships The Federal Housing Administration (FHA) on July 23, 2021 announced streamlined COVID-19 Recovery options to help homeowners with FHA-insured mortgages who have been financially impacted by the COVID-19 pandemic bring their mortgage current and remain…
HUD: More than $27 Million Awarded to Local HIV/AIDS Housing Programs
Funding offers stable housing for individuals and families at risk of homelessness The U.S. Department of Housing and Urban Development (HUD) today announced more than $27 million to assist thousands of low-income persons living with HIV/AIDS and their families over a three-year period. The funding announced today is offered through HUD’s Housing Opportunities for Persons with…
HUD: $19 Million Made Available to Fight Housing Discrimination
Grants will support COVID-19 related fair housing enforcement activities The U.S. Department of Housing and Urban Development (HUD) announced today that it is making $19.4 million available to help HUD Fair Housing Initiatives Program (FHIP) agencies conduct activities that will address discriminatory housing practices related to the COVID-19 pandemic. The funds, which are provided through…
HUD: FHA Introduces More Measures to Help Homeowners Struggling Due to COVID-19
One-month extension of foreclosure and eviction moratoria, expanded initial forbearance request timeframes, and new outreach to struggling homeowners provide expanded recovery help. The Federal Housing Administration (FHA) on Friday announced more measures to help homeowners with FHA-insured mortgages who are struggling financially due to the COVID-19 pandemic. These measures will provide additional, immediate relief while also expanding…
HUD: Additional Steps Taken to Free Up Long-Awaited Disaster Recovery Funds for Puerto Rico and U.S. Virgin Islands
Department publishes Federal Register notice governing the use of $2 billion in CDBG-DR for a more resilient, efficient, reliable, and sustainable electric power system in Puerto Rico and USVI The U.S. Department of Housing and Urban Development (HUD) today published a Federal Register notice governing the use of $2 billion in Community Development Block Grant…
HUD: FHA Takes Steps to Remove Barriers to Homeownership for Those with Student Loan Debt
Updates to Single Family student loan monthly payment calculation expand access to FHA-insured mortgage financing for creditworthy individuals, particularly in communities of color The Federal Housing Administration (FHA) on Friday announced updates to its student loan monthly payment calculations to take steps to remove barriers and provide more access to affordable single family FHA-insured mortgage financing for…
FFIEC: 2020 Data on Mortgage Lending Availability Announced
The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on 2020 mortgage lending transactions at 4,475 U.S. financial institutions reported under the Home Mortgage Disclosure Act (HMDA). Covered institutions include banks, savings associations, credit unions, and mortgage companies. The HMDA data are the most comprehensive publicly available information on mortgage market…