HUD and Census Bureau: New Residential Sales Report for October 2023 Released
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 October 2023: New Home Sales Sales of new single‐family houses in October 2023 were at a seasonally adjusted annual rate of 679,000, according to estimates released jointly today by the U.S. Census…
HUD: Agency Reiterates Role of Housing as a Social Determinant of Health and Critical to Advance Health Equity
Biden-Harris Administration takes new actions to address the root causes of health disparities and foster interagency collaboration to ensure that all Americans can live a healthier life The Biden-Harris Administration announced today the U.S. Playbook to Address Social Determinants of Health, a comprehensive set of actions to better social determinants of health (SDOH), which affect the…
HUD: Affordable Rental Homes in Newport News, VA Preserved and Rehabilitated
$6 million transaction supports revitalization and preservation of 40 affordable housing units for low-income residents The U.S. Department of Housing and Urban Development (HUD) announced today that it has closed a Rental Assistance Demonstration (RAD) transaction with the Newport News Redevelopment and Housing Authority (NNRHA) at Orcutt Townhomes. This transaction allows NNRHA to substantially rehabilitate…
HUD: FHA Helps Over 765,000 Families Buy Homes and Maintains a Strong Insurance Fund
Annual Report to Congress for fiscal year 2023 highlights impact of insurance premium reduction, assistance for approximately two million struggling homeowners, and a well-capitalized Mutual Mortgage Insurance Fund. The Federal Housing Administration (FHA) published today its annual report to Congress describing the work of its Single Family mortgage insurance programs in fiscal year 2023 and the performance…
HUD: FHA Increases Allowable Fees for Inspections of Vacant Single Family Homes
Newly updated allowable inspection fees increase compensation for inspections that determine a property’s occupancy status. The Federal Housing Administration (FHA) today announced it has increased the allowable property inspection fee limits for property inspections of single-family homes associated with defaulted FHA-insured mortgages. These inspections are a crucial component of servicers’ preservation and protection of properties. They also…
HUD: Deputy Secretary Announces New Streamlined Enrollment Process for Afforable Connectivity Program in Albany, Georgia
Deputy Secretary Adrianne Todman met with the Mayor of the City of Albany, Georgia, local leaders, housing providers, and community members to discuss rural housing needs and access to quality broadband connections. As part of the Biden-Harris Administration’s Investing in Rural America Tour, the U.S. Department of Housing and Urban Development (HUD) Deputy Secretary Adrianne…
HUD: FHA Proposes Update to Home Equity Conversion Mortgage Assignment Claims Eligiblity to Strengthen Market Liquidity
Proposal posted for feedback will ensure long-term program viability and expanded availability for senior homeowners. The Federal Housing Administration (FHA) today announced it has posted for industry feedback a proposed update to its Home Equity Conversion Mortgage (HECM) assignment claims eligibility policy. The proposal enables certain categories of due and payable HECMs that were previously ineligible for…
HUD: $50 Million Released to Address Youth Homelessness & New Assistance to Improve Housing Placements for People Experiencing Homelessness and Resolve Encampments
New Funding will support approximately 35 communities to improve response systems for youth homelessness; technical assistance and regulatory flexibilities available to help communities transition people from homelessness to housing. Today, the U.S. Department of Housing and Urban Development (HUD) is announcing new resources, technical assistance, and regulatory flexibilities to support their efforts to address homelessness,…
HUD: City of Madison Community Development Authority Selected as Partner for the Annual Innovation in Affordable Housing Student Design and Planning Competition
HUD hopes to inspire and support students of fields such as architecture, planning, policy, and finance in advancing affordable and sustainable housing for low- and moderate-income Americans. The U.S. Department of Housing and Urban Development (HUD) has announced the City of Madison Community Development Authority (CDA) in Madison, Wisconsin will be the partnering public housing…
FHFA: Report on FHLBank System at 100 Released
The Federal Housing Finance Agency (FHFA) today released its report on the FHLBank System at 100: Focusing on the Future initiative, the Agency’s comprehensive review of the Federal Home Loan Bank (FHLBank) System in anticipation of the System’s centennial in 2032. “The Federal Home Loan Bank System is a critical component of the nation’s broader housing finance…