HUD: Deal Finalized to Promote Energy Efficiency and Climate Resilience for New York Families
The transaction is funded by the Inflation Reduction Act as part of President Biden’s Investing in America agenda to provide more comfortable homes for families. Today, the U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs, announced it has completed a $192,000 loan transaction under the Green and Resilient Retrofit Program…
HUD: New FHA Loan Program Launched to Invest in Manufactured Home Communities
New program offers affordable financing for organizations to purchase or refinance and revitalize manufactured home communities to lower housing costs across the country. Today, the U.S. Department of Housing and Urban Development, through the Federal Housing Administration (FHA), announced the launch of its new Manufactured Home Community loan product, which will provide an FHA-insured financing option for…
HUD: Agency Celebrates Annual National Homeownership Month
The June celebration reinforces the Biden-Harris Administration’s commitment to supporting affordable homeownership and lowering housing costs for American families. Today, the U.S. Department of Housing and Urban Development (HUD) joined President Joe Biden to celebrate June as the 22nd Annual National Homeownership Month. During National Homeownership Month, HUD is proud to double down on its ongoing leadership and…
HUD: $78 Million Made Available to Help Homeless Veterans Find Permanent Housing
Today, The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) is making $78 million available in HUD-Veterans Affairs Supportive Housing (HUD-VASH) vouchers to Public Housing Agencies (PHAs) across the country, for over 7,000 vouchers. Through this program, HUD and VA’s mission is to end homelessness by assisting…
HUD: $44 Million Invested to Transform Residents’ Lives
HUD’s programs will be used to equip residents with the tools and resources they need to achieve financial stability, lower housing costs, and build generational wealth. The U.S. Department of Housing and Urban Development (HUD) today announced $44 million in Fiscal Year (FY) 2023 funding through the Family Self Sufficiency (FSS) Program and the Resident…
HUD: Disaster Assistance Announced for Nebraska Survivors
The U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for the state of Nebraska and ordered Federal assistance to State, tribal, and local recovery efforts in the areas affected by severe winter storms, and straight-line winds from April 6 to April 7, 2024. President Biden issued a major disaster declaration…
HUD: Disaster Assistance Announced for Maine Survivors
The U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for the state of Maine and ordered Federal assistance to State, tribal, and local recovery efforts in the areas affected by severe winter storms, from April 3 to April 5, 2024. President Biden issued a major disaster declaration in counties of…
HUD: $150 Million Made Available for Affordable Housing in Tribal Communities
Funding focuses on the construction of new homes, housing rehabilitation, and support for low-income families across Indian Country. Today, the U.S. Department of Housing and Urban Development (HUD) announced the availability of $150 million in funding. This funding is designated for affordable housing projects benefiting low-income families in American Indian and Alaska Native communities through…
FHFA: Enhancements Announced to Flex Modification for Borrowers Facing Financial Hardship
The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac (the Enterprises) will enhance their Flex Modification policies to allow more borrowers facing longer-term hardships to achieve meaningful payment reductions. The updated Flex Modification policies will promote sustainable homeownership and the safety and soundness of the Enterprises. “The Enterprises have completed over half a million modifications through their Flex Modification offerings since…
HUD: Disaster Assistance Announced for West Virginia Survivors
The U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for the state of West Virginia and ordered Federal assistance to State, tribal, and local recovery efforts in the areas affected by severe storms, straight-line winds, tornadoes, flooding, landslides, and mudslides from April 2 to April 6, 2024. President…