HUD: Ginnie Mae Extends Assistance to Harvey-Impacted Issuers
Today Ginnie Mae is highlighting its assistance program to help its Mortgage Backed Security (MBS) Issuers impacted by Hurricane Harvey. “We’ll work with our partners to ensure we get through this together,” said Michael Bright, Ginnie Mae Executive Vice President, Chief Operating Officer and Acting President. “Any Ginnie Mae Issuer in need of assistance should…
HUD: Disaster Assistance for Victims of Hurricane Harvey
Foreclosure protection offered to displaced families U.S. Housing and Urban Development Secretary Ben Carson today announced HUD will speed federal disaster assistance to the State of Texas and provide support to homeowners and low-income renters forced from their homes due to Hurricane Harvey. To date, President Trump issued a disaster declaration for the following counties…
HUD: $5 Million Awarded to Support Safety and Security in Public Housing
25 Public Housing Authorities in 15 states to address increases in crime In an effort to address emergency, safety and security needs and fight crime at public housing properties, the U.S. Department of Housing and Urban Development (HUD) today awarded $5 million to 25 local agencies in 15 states. Funded through HUD’s Capital Fund Emergency…
HUD and Census Bureau: New Residential Home Sales July 2017
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau today jointly announced the following new residential sales statistics for July 2017: NEW HOME SALES Sales of new single-family houses in July 2017 were at a seasonally adjusted annual rate of 571,000, according to estimates released jointly today by…
HUD & Census Bureau: Residential Construction Activity in July 2017
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 July 2017. Building Permits: Privately owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 1,223,000. This is 4.1 percent (±0.9 percent) below the revised…
HUD: Anna Maria Farias Sworn in as Assistant Secretary for Fair Housing & Equal Opportunity
WASHINGTON – Texas native Anna Maria Farías is the new Assistant Secretary for Fair Housing and Equal Opportunity at the U.S. Department of Housing and Urban Development (HUD). Following her confirmation last week by the U.S. Senate, HUD Secretary Ben Carson today administered the oath of office to Farías who will now lead the Department’s…
HUD: “Worst Case Housing Needs” Increased in 2015
8.3 million households paid more than half their income for rent or lived in substandard housing WASHINGTON – The number of very poor unsubsidized families struggling to pay their monthly rent and who may also be living in substandard housing increased between 2013 and 2015, according to a new report released today by the U.S….
HUD: $38 Million Available to Fight Housing Discrimination
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) announced today it is making $38 million available to fight housing discrimination through the Department’s Fair Housing Initiatives Program (FHIP). The grants offered through three FHIP funding notices will support a variety of critical fair housing activities, including fair housing testing in the rental and…
HUD: Additional $179 Million to Help States Recover from 2015 & 2016 Disasters
WASHINGTON – U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced an additional $178.5 million to help hard-hit areas in several states recover from severe flooding that occurred in 2015 and 2016. The grants announced today are provided through HUD’s Community Development Block Grant – Disaster Recovery (CDBG-DR) Program. Combined with CDBG-DR grants…
HUD: East Baltimore Redevelopment Earns 2017 HUD Secretary’s Award for Historic Preservation
WASHINGTON – For years, dozens of historic rowhouses in an East Baltimore neighborhood sat vacant, boarded up and crumbling from neglect while nearby families were in need of affordable housing. Then, a $9.3 million redevelopment project rehabilitated 32 vacant rowhouses into beautiful affordable housing homes complete witha coffee shop and a workforce development center inside…