HUD: $63 Million Awarded to Support Affordable Housing and Community Development in 85 Tribal Communities
The U.S. Department of Housing and Urban Development (HUD) today awarded $63 million to 85 Native American communities throughout the country to improve housing conditions and stimulate community development for residents, including funding construction projects that generate local job opportunities. HUD’s Indian Community Development Block Grant (ICDBG) Program supports a wide range of community development and affordable…
HUD: 2019 HUD Secretary Design Award Winners Announced
South Carolina, California, Michigan & Illinois developments recognized as national models The U.S. Department of Housing and Urban Development (HUD) and the American Institute of Architects (AIA) today announced the winners of the 2019 HUD Secretary’s Housing and Community Design Awards. HUD and AIA selected winners in South Carolina, California, Michigan and Illinois based upon their overall…
ABA: New Infographic Outlines Affordable Housing Challenges and Possible Solutions
In recognition of American Housing Month, the American Bankers Association Foundation today released a new infographic that examines affordable housing challenges in the U.S. and what America’s banks are doing to help ease the burden on consumers. As the Foundation infographic shows, the rising cost of construction for new housing developments, as well as zoning and land-use…
ABA: Banks Urged to Submit Nominations for ABA Foundation’s Community Commitment Awards
Deadline for entries is July 12 WASHINGTON — Starting today, the American Bankers Association Foundation urges banks across the nation to submit nominations for its sixth annual Community Commitment Awards. The awards, one of the industry’s top honors for extraordinary bank commitment to communities, recognizes innovative, high-impact programs that improve the quality of life for the…
HUD: University of Maryland Wins HUD 2019 Innovation in Affordable Housing Student Design and Planning Competition
The U.S. Department of Housing and Urban Development (HUD) announced a graduate student team from University of Maryland as the winners of HUD’s sixth annual Innovation in Affordable Housing Student Design and Planning Competition. The University of Maryland team was one of four finalists to design a new mixed-use development for low- and moderate-income residents situated…
FHFA: House Price Index Up 0.6 Percent in January; Up 5.6 Percent from Last Year
U.S. house prices rose in January, up 0.6 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.3 percent increase for December 2018 remained unchanged. The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or…
HUD: New Monitor Announced to Help New York City Housing Authority Address Chronic Housing Problems
Bart M. Schwartz to ensure compliance with recent agreement with New York City and NYCHA U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced its intent to select Bart M. Schwartz to serve as the federal monitor to ensure the New York City Housing Authority (NYCHA) satisfies the conditions of a recently announced…
HUD: FHA Pilot Program Expanded to Accelerate Financing of Low-Income Housing Tax Credit Projects
Action designed to speed production of critically needed affordable housing U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced a significant expansion of a Federal Housing Administration (FHA) pilot program that streamlines FHA mortgage insurance applications for affordable housing developments that have equity from the sale of Low-Income Housing Tax Credit (LIHTC) Program,…