Census Bureau: Housing Vacancy Annual Statistics Released for 2018
These statistics provide vacancy rates, homeownership rates and characteristics of units available for occupancy for the United States, regions, states and the 75 largest metropolitan statistical areas. Data for all geographies are available both quarterly and annually. Homeownership rates are also tabulated by age of householder for the United States and regions, and by race/ethnicity…
HUD: Proposed Rule Issued to Make Section 3 More Efficient and Effective
Section 3 is a HUD statute that requires recipients of HUD funding to the greatest extent feasible employ low- and very-low income persons and businesses in the communities HUD serves The U.S. Department of Housing and Urban Development (HUD) today published a proposed rule to improve the effectiveness and efficiency of Section 3 of the…
HUD: Fair Housing Month Kicks Off with Launch of Anti-Sexual Harassment Campaign and Training Initiative
HUD unveils “Call HUD: Because Sexual Harassment in Housing is Illegal” Campaign The U.S. Department of Housing and Urban Development (HUD) today launched a special campaign and training initiative to help protect people from harassment by landlords, property managers, and maintenance workers in HUD-assisted housing. “The Call HUD: Because Sexual Harassment in Housing is Illegal”…
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…
OCC: Office of the Comptroller of the Currency Fines Citibank, N.A. $25 Million for Violating the Fair Housing Act
The Office of the Comptroller of the Currency (OCC) today assessed a $25 million civil money penalty against Citibank, N.A., for violations of the Fair Housing Act. The OCC found that the bank had certain control weaknesses related to its Relationship Loan Pricing (RLP) program designed to provide eligible mortgage loan customers either a credit…
HUD: Plan Approved to Support Southern Georgia Counties in their Recovery from 2017 Disasters
$38 million in federal recovery funds to rebuild damaged homes, businesses and infrastructure The U.S. Department of Housing and Urban Development (HUD) today announced its approval of the State of Georgia’s disaster action plan, which will invest $38 million to support the state in its recovery from the effects of deadly tornados in January of…
HUD: Plan Approved to Support Missouri in its Recovery from 2017 Storms and Flooding
$58.5 million in federal recovery funds to rebuild damaged homes, businesses and infrastructure The U.S. Department of Housing and Urban Development (HUD) today announced its approval of the State of Missouri’s disaster action plan, which will invest $58.5 million to support the state in its recovery from the effects of severe storms, tornadoes, high winds…
HUD: Plan Approved to Support California in its Recovery from 2017 Wildfires and Mudslides
$124 million in federal recovery funds to rebuild damaged homes, businesses and infrastructure The U.S. Department of Housing and Urban Development (HUD) today announced its approval of the State of California’s disaster action plan, which will invest $124 million to support the state in its recovery from the effects of deadly wildfires and mudslides that…
HUD and Census Bureau: New Residential Sales Report for January 2019
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 January 2019: New Home Sales Sales of new single-family houses in January 2019 were at a seasonally adjusted annual rate of 607,000. This is 6.9 percent (±16.3 percent)* below the revised December…
HUD: Trump Administration Proposes 2020 HUD Budget
Spending plan preserves rental subsidies; increases homeless assistance and healthy housing The Trump Administration today announced its proposed Fiscal Year 2020 Budget for the U.S. Department of Housing and Urban Development (HUD), a $44.1 billion spending plan that expands resources to prevent/end homelessness; invests record funding to reduce lead and other home health and safety…