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…
HUD and Census Bureau: Residential Construction Activity in July 2019 Report Issued
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 2019. Building Permits Privately owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 1,336,000. This is 8.4 percent (±1.1 percent) above the revised…
HUD: FHA Issues New Condominium Approval Rule
Comprehensive policy revisions include ability to approve individual units in nonapproved condo projects In an effort to promote affordable and sustainable homeownership, especially among credit-worthy first-time buyers, the Federal Housing Administration (FHA) today published a long-awaited final regulation, and policy implementation guidance, which establish a new condominium approval process. Designed to be flexible and responsive…
HUD: $6 Million Awarded to Provide Technical Assistance to Distressed Communities
LISC to help smaller communities experiencing economic distress, recovering from disaster The U.S. Department of Housing and Urban Development (HUD) today announced that it is awarding $6 million to the Local Initiatives Support Corporation (LISC) to provide critically needed technical assistance to distressed communities with populations under 40,000, including those located in Opportunity Zones and…
HUD: FHA to Promote Greater Residential and Commercial Development in Opportunity Zones
To stimulate greater multifamily residential and commercial development in Opportunity Zones, U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced the Federal Housing Administration (FHA) will insure mortgages on mixed-use development under the agency’s Section 220 Program in thousands of lower income communities across the country. In a speech before an Opportunity Zone…
HUD: $25 Million Awarded to 25 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 nearly $25 million to assist more than 2,054 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…