HUD: House Party in Chicago Spotlights “Make Home the Goal Campaign” to Empower Pathways to Homeownership
Chicago hosts inaugural regional House Party: promoting homeownership, dispelling myths, amplifying federal programs. To close out June’s National Homeownership Month, Chicago-area residents are invited to the House Party, an in-person event to amplify the U.S. Department of Housing and Urban Development’s (HUD) commitment to helping more Americans realize their dream of homeownership. HUD representatives will…
ABA: Foundation Announces Partnership with AMBA to Improve Financial Health of America’s Veterans
The ABA Foundation today announced the signing of a formal agreement with the Association of Military Banks of America (AMBA) to support the Veterans Benefits Banking Program (VBBP) and its goal of ensuring that America’s veterans have safe and easy access to their monetary benefits. The ABA Foundation will serve as AMBA’s 501(c)(3) non-profit fiscal sponsor for…
HUD: FHA Increases Dollar Amount Threshold for Large Multifamily Loans to Be Eligible for Standard Underwriting
Change facilitates greater flexibility for lenders when underwriting Multifamily transactions up to $120 million. The Federal Housing Administration (FHA) today published a Mortgagee Letter that increases the threshold at which a Multifamily loan is considered a Large Loan from $75 million to $120 million. This is the first increase in the threshold since 2014 and will enable…
HUD: Secretary’s Award for Excellence in Healthy Homes Launched During National Healthy Homes Month
Seeking nominations best exemplifying programs and practices in health equity and maximizing healthy homes community impacts The U.S. Department of Housing and Urban Development (HUD) is accepting nominations for the 2023 HUD Secretary’s Award for Excellence in Healthy Homes in honor of National Healthy Homes Month (NHHM). Healthy housing is the foundation for strong, vibrant communities…
HUD: FHA to Require Use of Supplemental Consumer Information Form
Information will support a greater understanding of borrower language preferences and use of housing counseling or homebuyer education offerings. Today, the Federal Housing Administration (FHA) is announcing that it will require lenders to use the Supplemental Consumer Information Form (SCIF) when originating mortgages for FHA insurance. The SCIF (Fannie Mae/Freddie Mac Form 1103) is an industry-recognized form…
Agencies Release List of Distressed and Underserved Nonmetropolitan Middle-Income Geographies for 2023
Federal bank regulatory agencies today made available the 2023 list of distressed or underserved nonmetropolitan middle-income geographies. The Community Reinvestment Act (CRA) encourages banks to help meet the credit needs of their local communities, including low- and moderate- income communities, in a safe and sound manner. Distressed or underserved nonmetropolitan middle-income geographies are census tracts…
HUD: Office of Manufactured Housing Programs Announced as New, Independent Office Within Housing
Office now reports directly to the Assistant Secretary for Housing Today, the U.S. Department of Housing and Urban Development’s (HUD) Office of Housing is announcing that it has created a new Office of Manufactured Housing Programs as an independent office reporting directly to Assistant Secretary for Housing and Federal Housing Commissioner Julia Gordon. The Office…
CDFI Fund: New CDFI Certification Subcommittee Established
Recognizing the importance of Certification as a Community Development Financial Institution (CDFI) and the Community Development Financial Institutions Fund’s (CDFI Fund’s) efforts to revise the CDFI Certification Application, the Chair of the Community Development Advisory Board recently established a subcommittee to provide current members of the Advisory Board an opportunity to remark on these efforts….
HUD: First-of-its-Kind Housing Counseling Advisory Committee Meeting Announced at Japanese American National Museum
Committee meeting in Los Angeles will focus on strategies for reaching Asian American, Native Hawaiian, and Pacific Islander Households The U.S. Department of Housing and Urban Development’s (HUD) Office of Housing Counseling is hosting its next Housing Counseling Federal Advisory Committee (HCFAC) meeting at the Japanese American National Museum in Los Angeles, CA on Thursday,…
HUD: African American CEO Roundtable Discussion Convened with Leaders from the Nation’s Leading Organizations
With a mission to close the racial wealth gap and increase access to homeownership, African American industry leaders answered Secretary Fudge’s call to action. In honor of National Homeownership Month, U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge met with prominent African American Leaders from across the country to discuss closing…