HUD: Agency Submits Housing Reform Plan to the President
Today, the Department of Housing and Urban Development (HUD) presented President Donald Trump with a plan for reforming the Nation’s housing finance system. Read HUD’s housing finance reform plan. On March 27, 2019, President Trump issued a Memorandum on Federal Housing Finance Reform, directing HUD and the Department of Treasury to craft the housing finance reform…
HUD: Housing Preservation Program Expanded to Include Senior Housing
Rental assistance demonstration will help house low-income seniors In an effort to preserve and improve critically needed affordable housing for low-income seniors, the U.S. Department of Housing and Urban Development (HUD) today announced a significant expansion of its Rental Assistance Demonstration (RAD) to facilitate capital investment in senior housing developments assisted through HUD’s Section 202 Supportive Housing…
HUD: FHA Strengthens Mortgage Relief Options to Help Homeowners Impacted by Major Disasters
When disasters strike, homeowners can fall behind in their mortgage payments as they struggle to recover from a major disaster. To help homeowners impacted by major disasters, the Federal Housing Administration (FHA) today announced it is expanding its foreclosure prevention options to allow borrowers in Presidentially Declared Major Disaster Areas (PDMDAs) with delinquent FHA-insured mortgages…
HUD: $75 Million Awarded to Help End Youth Homelessness
Nearly double the funding to support innovative youth housing programs in 23 communities The U.S. Department of Housing and Urban Development (HUD) is awarding $75 million to end youth homelessness in 23 local communities across the country, including eight rural areas. HUD’s Youth Homelessness Demonstration Program (YHDP) will help these communities to build local systems and will…
HUD: Program Requirements Released for CDBG-Mitigation Program
Mitigation rules to support nine states and five local communities The U.S. Department of Housing and Urban Development (HUD) today published the program requirements for the Department’s new Community Development Block Grant –Mitigation (CDBG-Mitigation) Program to nine states and five local communities. Read HUD’s notice. CDBG-Mitigation funds represent a unique and significant opportunity for grantees to use this…
HUD and Census Bureau: New Residential Sales Report in July 2019 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 July 2019: New Home Sales Sales of new single-family houses in July 2019 were at a seasonally adjusted annual rate of 635,000. This is 12.8 percent (±16.2 percent)* below the revised June…
HUD: $5.2 Million Awarded to 23 Public Housing Agencies for Emergency Safety and Security Improvements
The U.S. Department of Housing and Urban Development (HUD) today announced it is awarding $5.2 million to 23 Public Housing Authorities (PHAs) in 15 states to make needed improvements to their safety and security systems. HUD’s Capital Fund Emergency Safety and Security Program supports public housing authorities as they address the safety of public housing residents. These…
HUD: Agency Takes Major Step to Improve Health and Safety Inspections
HUD set to test overhaul of 20-year-old inspection protocols Today the U.S. Department of Housing and Urban Development (HUD) announced another step to overhaul the Department’s 20-year-old inspection process to ensure taxpayer-supported housing is healthy and safe. HUD is launching a new demonstration to test innovative new approaches for making certain thousands of public housing…
HUD: $28 Million Awarded to Clean Up Lead Hazards in Public Housing
Funding to identify and control potentially dangerous lead in thousands of homes with young children The U.S. Department of Housing and Urban Development (HUD) today awarded $27.8 million to 38 Public Housing Agencies (PHAs) in 25 states to identify and reduce lead-based paint hazards in thousands of older public housing units. Provided through HUD’s Public…
HUD: Revised “Disparate Impact” Rule Proposed
New proposed disparate impact rule more appropriately reflects 2015 Supreme Court ruling The U.S. Department of Housing and Urban Development (HUD) today published a proposed rule to amend the HUD interpretation of the Fair Housing Act’s disparate impact standard. The proposed rule as amended would provide more appropriate guidance on what constitutes unlawful disparate impact…