HUD: Multifamily Insurance Deductibles Updated to Address Rising Costs of Wind and Storm Coverage
Revisions will reduce costs for owners while continuing to ensure that properties have adequate insurance coverage – a key element of HUD’s work to address insurance costs and ensure communities recover from disaster Today, the U.S. Department of Housing and Urban Development, through the Federal Housing Administration (FHA), updated its policies for wind and named storm insurance…
HUD: $173 Million Announced to Make Homes More Energy Efficient and Climate Resilient for Low-Income Americans
Over half of Green and Resilient Retrofit Program funding has now been awarded to combat the climate crisis, advance environmental justice, and improve lives for residents in HUD-supported housing. The U.S. Department of Housing and Urban Development (HUD) today announced $173.8 million in new grant and loan awards under its Green and Resilient Retrofit Program (GRRP), bringing…
HUD: HUD Cares Tour Launches to Highlight Key Agency Milestones
This campaign will be comprised of a multi-city tour to showcase the agency’s accomplishments. Today, the Department of Housing and Urban Development officially launched the HUD Cares Tour, a multi-city tour that will highlight the agency’s key milestones and accomplishments since the beginning of the Biden-Harris administration as well as priorities for 2024. “Over the…
HUD: Treasury & HUD Extend Initiatives to Finance the Construction and Rehabilitation of Affordable Rental Homes for Low-Income Families
Extension of risk-sharing initiative will create or rehabilitate more than 38,000 new rental homes over the next 10 years for low-income families, seniors, and persons with disabilities. Today, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury (Treasury) announced that they will indefinitely extend the Section 542(c) Housing Finance…
HUD: $73.5 Million Awarded to Make Housing Safe, More Efficient and Climate Resilient for Low-Income Americans
Grants and Loans from the Inflation Reduction Act Support Clean Energy and Climate Resilience Upgrades for Nearly 1,400 Low-Income Families Today, the U.S. Department of Housing and Urban Development (HUD) announced it is awarding $73.5 million in new loans and grants under the Green and Resilient Retrofit Program (GRRP) to support extensive energy efficiency and climate resilience…
FHFA: Multifamily Property Insurance Symposium Scheduled for March 13th
As a part of its continued efforts to foster meaningful dialogue on the growing challenges related to the availability and affordability of property insurance, the Federal Housing Finance Agency (FHFA) today announced it will host the next session in its series of property insurance symposiums on March 13, 2024. “The availability and affordability of insurance…
FHFA: 2024 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions Released
Today, the Federal Housing Finance Agency (FHFA) released the 2024 Scorecard for Fannie Mae and Freddie Mac (together, the Enterprises) and their joint venture, Common Securitization Solutions, LLC (CSS). Annually, FHFA releases a Scorecard to communicate and provide public awareness of its priorities and expectations for the Enterprises and CSS. “The annual Scorecard requires that…
Agencies Sign Joint Letter Asking Utility Companies to Make Energy and Water Usage Data Available for Multifamily Properties
Leaders at HUD, the DOE, and the EPA join forces to seek data that will facilitate green upgrades to the nation’s housing stock Today, the leaders of the U.S. Department of Housing and Urban Development (HUD), U.S. Department of Energy (DOE), and U.S. Environmental Protection Agency (EPA) announced a joint letter asking for the nation’s…
HUD: ConnectHomeUSA Initiative Expanded, Closing the Digital Gap for Families
ConnectHomeUSA seeks to support additional HUD assisted communities in getting affordable internet access The U.S. Department of Housing and Urban Development (HUD) is announcing the opening of a new round of applications for the expansion of the ConnectHomeUSA (CHUSA) initiative so that more HUD-assisted families have access to affordable internet. CHUSA is HUD’s signature digital…
HUD: $40 Million Funding Opportunity Announced to Expand Support Services for Seniors and Persons with Disabilities
Funding provides service coordinator staff that connect residents in affordable multifamily homes with vital resources The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced today that $40 million in funding is available to expand the supply of service coordinators who support seniors and persons with disabilities living in affordable…