HUD: Federal Financial Monitor Appointed to Oversee Puerto Rico Disaster Funds
Today, U.S. Department of Housing and Urban Development (HUD) announced its plan to appoint a Federal Financial Monitor to oversee the disbursement of disaster recovery dollars to Puerto Rico. “Given the Puerto Rico government’s alleged corruption, fiscal irregularities and mismanagement, we will appoint a Federal Financial Monitor to oversee the disbursement of all HUD disaster…
HUD: Agency Announces Efforts to Reduce Risk from Cash-Out Refinance Lending
FHA and Ginnie Mae seek to preserve homeowner equity and, boost investor confidence The U.S. Department of Housing and Urban Development (HUD) today announced joint policy actions designed to reduce risk associated with cash-out refinance lending. The changes preserve homeowners’ ability to convert home equity to cash via a government-sponsored mortgage but also improves the…
HUD: Initiative Launches to Prevent and End Homelessness Among Young People Aging Out of Foster Care
‘FYI’ Initiative to offer housing vouchers to at-risk young people facing homelessness U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced a new initiative to target housing assistance to young people aging out of foster care and who are at extreme risk of experiencing homelessness. HUD’s new Foster Youth to Independence (FYI) Initiative will offer…
HUD and Census Bureau: New Residential Sales Report for June 2019
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 2019: New Home Sales Sales of new single-family houses in June 2019 were at a seasonally adjusted annual rate of 646,000. This is 7.0 percent (±15.2 percent)* above the revised May…
HUD: $4.8 Million Awarded to Help Low-Income Veterans Rehabilitate Their Homes
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) today announced $4.8 million in funding through the Veterans Housing Rehabilitation and Modification Pilot (VHRMP) Program to assist disabled veterans with modifying or rehabilitating their homes, making them more accessible. Through the VHRMP program, grantees will make necessary physical modifications…
HUD and Census Bureau: Residential Construction Activity Report for June 2019
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for June 2019. Building Permits Privately owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1,220,000. This is 6.1 percent (±1.2 percent) below the revised…
HUD: Secretary Carson Applauds the SEC’s Efforts to Encourage Main Street Investment in Opportunity Zones
SEC is also explaining how state and federal laws apply to Opportunity Zone fundraising U.S. Housing and Urban Development (HUD) Secretary Ben Carson today applauded the Securities and Exchange Commission’s (SEC) recent efforts to encourage Main Street capital investment in Opportunity Zones. In addition to providing guidance about participating in Qualified Opportunity Fund offerings, the…
HUD: 2019 Winners of Healthy Homes Award Announced
Model programs in Rochester, New York and South Carolina earn HUD Secretary’s Award The U.S. Department of Housing and Urban Development (HUD) and the National Environmental Health Association (NEHA) today announced that two model programs are recipients of the HUD Secretary’s Award for Healthy Homes, an award recognizing excellence in making indoor environments healthier for residents….
HUD: John Marshall Law School and HUD Team Up to Launch National Fair Housing Training Academy
Partnership to cultivate next generation of civil rights professional The U.S. Department of Housing and Urban Development (HUD) announced today that it is partnering with the John Marshall Law School in Chicago and Cloudburst Consulting Group, Inc., to develop the National Fair Housing Training Academy (NFHTA). The Academy will prepare fair housing advocates, lawyers, investigators,…
HUD: Record $2.3 Billion Available to Support Thousands of Local Homeless Programs
In a continuing effort to prevent and end homelessness, the U.S. Department of Housing and Urban Development (HUD) today is making a record $2.3 billion available to support thousands of local homeless assistance programs nationwide. Read HUD’s Notice of Funding Availability (NOFA). HUD’s Continuum of Care homeless assistance grants support a wide variety of local programs…