HUD: Record $2 Billion Awarded to Thousands of Local Homeless Assistance Programs Across U.S.
The U.S. Department of Housing and Urban Development today awarded a record $2 billion to support more than 7,300 local homeless assistance programs across the nation. HUD’s Continuum of Care grants provide critically needed support to local programs on the front lines of serving individuals and families experiencing homelessness. View a complete list of all…
FHFA: Index Shows Mortgage Rates Increased in November 2017
Nationally, interest rates on conventional purchase-money mortgages increased from October to November, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 4.05 percent for loans closed in late November, up 7 basis points from 3.98 percent in October….
Federal Reserve: Assessing the Severity of Rent Burden on Low-Income Families
Jeff Larrimore, Board of Governors of the Federal Reserve System,1 and Jenny Schuetz, Brookings Institution Housing costs are a severe financial burden to many low-income families. The typical renter in the bottom quintile of the income distribution spends more than half of monthly income on rent and has less than $500 dollars left after paying…
FHFA: House Price Index Up 0.5 Percent in October 2017
U.S. house prices rose in October, up 0.5 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 in September was revised upward to 0.5 percent. The FHFA monthly HPI is calculated using home sales price information from mortgages…
FHFA: Third Quarter 2017 Foreclosure Prevention Report Shows Foreclosure Preventions Top 3.9 Million
Hurricanes Impact Delinquency Rate The Federal Housing Finance Agency (FHFA) today released its third quarter Foreclosure Prevention Report, which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 41,465 foreclosure prevention actions in the third quarter of 2017, bringing the total number of troubled homeowners helped to 3,972,689 since the start of the conservatorships…
FEMA: Disaster Assistance in Puerto Rico 90 Days After Hurricane Maria
GUAYNABO, Puerto Rico– More than $870 million in federal funds has been provided to Puerto Rico survivors of Hurricanes Irma and Maria. This includes money paid out in FEMA grants, U.S. Small Business Administration low-interest loans and National Flood Insurance Policy claims. These funds help make it possible to begin rebuilding homes and restoring communities….
HUD: Guide Released to Help Struggling Homeowners Avoid Foreclosure
Guide helps borrowers and disaster victims to understand mortgage options and avoid scams The U.S. Department of Housing and Urban Development today released the Homeowners Guide to Success as part of a public-private partnership between federal agencies and industry partners. The guide provides homeowners with information on the critical first steps to take if they…
FEMA: Direct Assistance for Limited Home Repair Fact Sheet
The Direct Assistance for Limited Home Repair (DALHR) program may be available for Texans recovering from Hurricane Harvey. The program provides repairs to homes with moderate damages so applicants who lack available resources can live in their home again. The DALHR program is one of several housing solutions for Texans. FEMA determines if applicants are…
FEMA: Manufactured Housing Options Fact Sheet
Temporary housing options including Manufactured Housing Units (MHUs), Travel Trailers and non-motorized Recreational Vehicles (RVs) may be available for Texans recovering from Hurricane Harvey. The use of manufactured housing units, travel trailers or non-motorized RVs are some housing solutions available for Texans after Hurricane Harvey. FEMA determines if applicants are eligible and pairs them with…
FEMA: Direct Leasing Options Fact Sheet
The Texas General Land Office (GLO) is asking for your help in providing housing solutions for eligible Texans displaced from their permanent residences by Hurricane Harvey. The GLO is administering temporary housing leasing through the Direct Leasing and Multi-Family Lease and Repair (MLR) programs for eligible Texans unable to return to their homes until they…