HUD: Additional $58 Million Allocated to Help Texas Recover from Hurricane Harvey
U.S. Housing and Urban Development (HUD) Secretary Ben Carson today allocated an additional $57.8 million to help Texas recover from Hurricane Harvey. The grant announced today is provided through HUD’s Community Development Block Grant – Disaster Recovery (CDBG-DR) Program. Combined with CDBG-DR grants already allocated to the State of Texas from disasters that occurred in…
HUD and Census Bureau: Residential Construction Activity in August 2017
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for September 2017. Building Permits: Privately owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,215,000. This is 4.5 percent (±1.6 percent) below the revised…
HUD: Letter From HUD Secretary Ben Carson To The People Of Texas On Hurricane Harvey Relief
As Texas rebuilds in the wake of Hurricane Harvey, the U.S. Department of Housing and Urban Development (HUD) is committed to ensuring safe, affordable housing for all those affected by the disaster. HUD is tasked with comprehensive, long-term disaster relief and has been working on the front lines in Texas. We are your ear on…
Federal Reserve: FEDS Notes | Are Rising Home Values Restraining Homebuying For Lower-Income Families?
Neil Bhutta, Steven Laufer, and Daniel R. Ringo1 Since bottoming out in 2012, house prices in the U.S. have been recovering rapidly. According to Zillow, the median home value has been growing about 6 percent per year. While incomes have also been recovering, they have not quite kept pace with home prices. The median household…
FHFA: Input Requested On Draft Strategic Plan For Fiscal Years 2018-2022
The Federal Housing Finance Agency (FHFA) is requesting input on FHFA’s Strategic Plan: Fiscal Years 2018-2022. FHFA’s draft strategic plan reflects the Agency’s priorities as regulator of the Federal Home Loan Bank System and as regulator and conservator of Fannie Mae and Freddie Mac (the Enterprises). FHFA is requesting input from Members of Congress, the…
HUD: East St. Louis Housing Authority Returns to Local Control
Agreement Marks the End of First and Longest Federal Receivership of a Local Housing Agency U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced that HUD is returning the East St. Louis Housing Authority (ESLHA) to local control after more than 30 years of federal receivership. Secretary Carson traveled to East St. Louis…
FHFA: House Price Index Up 0.2 Percent in July 2017
U.S. house prices rose in July, up 0.2 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.1 percent increase in June remained the same. The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or…
HUD: $55 Million Awarded for Housing and Community Development Projects in 77 Native American Communities
Today, the U.S. Department of Housing and Urban Development (HUD) awarded $55.2 million to 77 Native American tribes throughout the country to improve housing conditions and to stimulate economic development in their communities. HUD’s Indian Community Development Block Grant (ICDBG) Program is a competitive program that supports a wide range of community development and affordable…
HUD: Survivor Housing a Priority for the Federal and State Recovery Effort after Hurricane Harvey
The federal government continues to focus on the lives and safety of those affected by Hurricane Harvey. While the coordinated response continues, the U.S. Department of Housing and Urban Development (HUD), Federal Emergency Management Agency (FEMA), and other federal, state, local, and tribal partners, are beginning to direct efforts toward recovery, including housing survivors displaced…
HUD: Report Finds People Living with Mental Disabilities Face Significant Rental Housing Discrimination
Persons living with mental illness, intellectual or other developmental disabilities continue to face significant housing discrimination in the rental housing market, according to a new pilot study released today by the U.S. Department of Housing and Urban Development (HUD). Rental Housing Discrimination on the Basis of Mental Disabilities: Results of Pilot Testing finds that when compared…