HUD: $225 Million Awarded to Preserve and Revitalize Housing
Funds will support manufactured housing communities through repairs, infrastructure upgrades, homeowner assistance and creation of new homes. Today, the U.S. Department of Housing and Urban Development (HUD) announced the award of $225 million in competitive grant funding for 17 awardees with proposed projects across 26 states through the Preservation and Reinvestment Initiative for Community Enhancement…
FHFA: 2025-2027 Housing Goals Finalized for Fannie Mae and Freddie Mac
The Agency’s final rule sets benchmarks for the Enterprises’ mortgage acquisitions, and updates the process for determining whether an Enterprise would submit an action plan when an Enterprise misses certain goals The Federal Housing Finance Agency (FHFA) issued a final rule today that establishes new affordable housing goals for the loan purchases of Fannie Mae…
HUD: $12 Million Invested to Strengthen Rural Communities
With nearly $550 million invested, grants empower non-profits to expand affordable housing and boost community development for families in rural America. The U.S. Department of Housing and Urban Development (HUD) today awarded $12 million in capacity-building grants to five national non-profit organizations through the FY 23-24 Rural Capacity Building program which will fund rural housing…
CFPB: Report Finds Significant Drop in Annual Mortgage Applications and Originations in 2023
High interest rates have contributed to a significant drop in homebuying volume Today, the Consumer Financial Protection Bureau (CFPB) released its annual report on trends in the residential mortgage lending market. 2023 showed a significant decline in mortgage lending activities, with loan applications and originations dropping by about a third from 2022. The decline was…
HUD: $400,000 Awarded to West Virginia University for Research on Innovative Housing Construction
The project will test and standardize innovative construction practices for greener housing systems. Today, the U.S. Department of Housing and Urban Development’s (HUD) Office of Policy Development and Research awarded a grant of $400,000 to West Virginia University (WVU) to support research on innovative housing construction methods. “There are not enough quality affordable homes in…
HUD: More Than $72 Million Awarded to Empower Native American Communities Across the Nation
Funds support community development, affordable housing, infrastructure, and community facilities. Today, the U.S. Department of Housing and Urban Development (HUD) awarded $72.6 million to 38 communities through the Indian Community Development Block Grant (ICDBG) program. These grant funds may be used for infrastructure, community buildings, housing rehabilitation, land acquisition, economic development, and more to support…
HUD: FEMA & HUD Partner to Increase Post-Disaster Housing Capabilities
On November 19th and 20th, the U.S. Department of Housing and Urban Development (HUD) and the Federal Emergency Management Agency (FEMA) held a summit to launch the Pre-Disaster Housing Initiative, which helps states develop plans to boost their post-disaster housing capabilities. During an eight-month period, both agencies will provide technical assistance and guidance to Kentucky,…
HUD: Foreclosure Moratoriums Extended in Areas Devastated by Hurricanes Helene and Milton
Moratoriums on foreclosures will remain in effect through April 11, 2025, to provide more relief to affected borrowers with Federal Housing Administration-insured Single Family mortgages. Today, the U.S. Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA) announced it is extending through April 11, 2025, its foreclosure moratoriums for FHA-insured Single Family Title II forward…
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….