HUD: FHA Extends Current Foreclosure Protections for Borrowers in Maui County, HI
To assist borrowers impacted by the August wildfires, mortgage servicers will be prohibited from initiating or completing foreclosure actions through May 6, 2024. The Federal Housing Administration (FHA) today announced it is extending its existing disaster-related foreclosure moratorium in Maui County, HI, through May 6, 2024, for borrowers with FHA-insured single-family mortgages, including seniors with Home Equity…
HUD: FHA Changes Appraisal Requirements for Certain Manufactured Homes to Enhance Financing Flexibility for Borrowers
Updated requirements for valuation of manufactured homes contribute to FHA’s efforts to increase the availability and affordability of manufactured housing as part of the Biden-Harris Administration’s Housing Supply Action Plan. The Federal Housing Administration (FHA) today announced the publication of updated appraisal requirements for the valuation of manufactured homes certified under Fannie Mae’s MH AdvantageTM and Freddie Mac’s…
FHFA: House Price Index Up 0.6 Percent in August 2023; Up 5.6 Percent from Last Year
U.S. house prices rose in August, up 0.6 percent from July, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 5.6 percent from August 2022 to August 2023. The previously reported 0.8 percent price increase in July remained unchanged. For the nine census divisions, seasonally adjusted monthly price changes from…
HUD: Communities and Developers Encouraged to Explore More Commercial to Residential Housing Conversions
New White House Guidebook and Updated HUD Notice would provide new tools to help expand housing supply affordability Today, the U.S. Department of Housing and Urban Development (HUD) and the Biden-Harris Administration announced important updates that will help bolster our nation’s housing supply and improve housing affordability. The White House released a guidebook, developed in partnership with…
HUD: Agency Celebrates Opening of 76 New Affordable Senior Homes in Columbus, OH
HUD Assistant Secretary Julia Gordon highlights Biden-Harris Administration’s commitment to affordable rental housing at ribbon-cutting ceremony at Salem Village The U.S. Department of Housing and Urban Development’s (HUD) Assistant Secretary for Housing Julia R. Gordon today joined the leadership of National Church Residences, the largest nationwide non-profit organization providing affordable senior housing, and state and…
HUD and Census Bureau: New Residential Sales Report Released for September 2023
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 September 2023: New Home Sales Sales of new single‐family houses in September 2023 were at a seasonally adjusted annual rate of 795,000, according to estimates released jointly today by the U.S. Census…
HUD: More Housing Choices Expanded to a Total of 800,000 Households with Rental Assistance
Today’s action expands rule to provide housing choices and neighborhood opportunities for additional 440,000 households who use Housing Choice Vouchers Today, the U.S. Department of Housing and Urban Development (HUD) announced action that will cover expanded housing and neighborhood choices for more than 800,000 total households using Housing Choice Vouchers to find and secure affordable…
HUD: ConnectHomeUSA Virtual Summit Announced to Bridge the Digital Divide for HUD-Assisted Families
A 3-day virtual summit for interested parties to promote digital inclusion for American families and ensure all HUD-Assisted families enroll in the Affordable Connectivity Program Today, the U.S. Department of Housing and Urban Development (HUD) announced that Secretary Marcia L. Fudge will provide remarks at the 2023 ConnectHomeUSA (CHUSA) Virtual Summit for CHUSA communities, Public…
HUD: $40 Million Announced to Hire New and Maintain Existing Service Coordinators for Residents of Public and Indian Housing
Notice of Funding Opportunity available for eligible entities to hire a program coordinator who links residents with training opportunities, job placement organizations, and local employers The U.S. Department of Housing and Urban Development (HUD) announced today that $40 million in funding is available through the Resident Opportunity and Self-Sufficiency (ROSS) Service Coordinator Program for Public…
HUD: More Than $100 Million Announced for Energy Efficiency and Climate Resilience Upgrades in 1,500 Low-Income Households
Funded by President Biden’s Investing in America agenda, this historic investment will expand clean energy in low-income communities, boost housing resilience and sustainability, and help tackle the climate crisis The U.S. Department of Housing and Urban Development (HUD) announced today it is awarding $103.4 million in new loans and grants to significantly renovate the homes…