Housing

HUD: $1.3 Million Announced to Prevent Homelessness

Funding will support housing assistance for young adults transition out of foster care. Today, the U.S. Department of Housing and Urban Development (HUD) announced $1.3 million in funding for 21 Public Housing Agencies (PHAs) across 15 states for young adults under 25 years old who left foster care or are transitioning out of foster care….

HUD: Aid Offered to Kentucky Disaster Victims

The U.S. Department of Housing and Urban Development (HUD) today announced the availability of federal disaster assistance for Kentucky and ordered federal aid to supplement commonwealth and local recovery efforts in the areas affected by the remnants of Hurricane Helene from September 27 to September 30, 2024. President Biden issued a major disaster declaration in the Kentucky….

HUD: FHA 2025 Loan Limits Announced

New Federal Housing Administration loan limits for Single Family Title II forward and Home Equity Conversion Mortgages go up for calendar year 2025. Today, the U.S. Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA) is announcing new loan limits for calendar year 2025 for its Single Family Title II forward and Home Equity Conversion Mortgage (HECM)…

HUD and Census Bureau: New Residential Sales Report Released for October 2024

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for October 2024: New Home SalesSales of new single-family houses in October 2024 were at a seasonally adjusted annual rate of 610,000, according to estimates released jointly today by the U.S. Census Bureau and the…

FHFA: Conforming Loan Limit Values for 2025 Announced for Fannie Mae and Freddie Mac

The baseline CLL value of $806,500 for one-unit mortgages purchased by the Enterprises represents a 5.2 percent increase from 2024 The Federal Housing Finance Agency (FHFA) today announced the conforming loan limit values (CLLs) for mortgages acquired by Fannie Mae and Freddie Mac (the Enterprises) in 2025.  In most of the United States, the 2025…

FHFA: U.S. House Prices Rise 4.3 Percent over the Prior Year; Up 0.7 Percent from the Second Quarter of 2024

U.S. house prices rose 4.3 percent between the third quarter of 2023 and the third quarter of 2024, according to the Federal Housing Finance Agency (FHFA) House Price Index (FHFA HPI®). House prices were up 0.7 percent compared to the second quarter of 2024. FHFA’s seasonally adjusted monthly index for September was up 0.7 percent from August. “U.S. house price growth…

HUD: More Than $6.5 Million Invested to Modernize Rental Homes for Families in Wisconsin, Maryland, and New Hampshire

Newly closed Green and Resilient Retrofit Program transactions will fund crucial repairs and energy efficiency and climate resilience improvements. Today, the U.S. Department of Housing and Urban Development (HUD) announced the recent closing of three Green and Resilient Retrofit Program (GRRP) transactions to help finance energy efficiency and climate resilience improvements for affordable rental homes…

FHFA: Enterprises’ Three-Year Plans Unveiled to Improve Housing Opportunities for the Underserved

Fannie Mae and Freddie Mac will expand their focus on rural communities among other activities outlined in blueprints aimed at advancing equitable housing access in markets and communities facing persistent challenges. Fannie Mae and Freddie Mac (the Enterprises) will seek to extend housing access in rural underserved markets, enhance their support for manufactured housing, and…

HUD: $1.3 Million Announced to Prevent Homelessness

Funding will support housing assistance for young adults transition out of foster care. Today, the U.S. Department of Housing and Urban Development (HUD) announced $1.3 million in funding for 21 Public Housing Agencies (PHAs) across 15 states for young adults under 25 years old who left foster care or are transitioning out of foster care….

HUD: Nearly $4 Million Invested to Improve Housing for New Brunswick Families

New award will make significant climate resilience and energy efficiency renovations. Today, the U.S. Department of Housing and Urban Development (HUD) highlighted a $3,920,000 award to Lord Stirling Senior Housing in New Brunswick, New Jersey, under its Green and Resilient Retrofit Program (GRRP) to support significant energy efficiency and climate resilience renovations for 38 HUD-subsidized homes. This Comprehensive loan…