HUD and Census Bureau: New Residential Sales Report for June 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 June 2023: New Home Sales Sales of new single‐family houses in June 2023 were at a seasonally adjusted annual rate of 697,000, according to estimates released jointly today by the U.S. Census…
HUD: $370 Million in Choice Neighborhoods Implementation Grants Awarded
Awardees will redevelop their public and/or HUD-assisted housing, surrounding neighborhoods U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge announced today the awarding of Choice Neighborhoods Implementation (CNI) Grants totaling $370 million to eight communities throughout the country. These awards support communities that have undergone a comprehensive local planning process and are…
HUD: Research Grant Opportunity and Event Announced Focused on Office-to-Residential Conversions Announced
The U.S. Department of Housing and Urban Development (HUD) released a notice of funding opportunity (NOFO) to study office-to-residential conversions. Later today, HUD’s Office of Policy Development and Research (PD&R) will host a virtual event featuring developers, researchers, and local officials to discuss the challenges of executing these conversions and how policies can help overcome those challenges. The NOFO…
FHFA: House Price Index Up 0.7 Percent in May 2023; Up 2.8 Percent from Last Year
U.S. house prices rose in May, up 0.7 percent from April, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 2.8 percent from May 2022 to May 2023. The previously reported 0.7 percent increase in April remained unchanged. For the nine census divisions, seasonally adjusted monthly price changes from April…
HUD: Action Taken on Junk Fees in Rental Housing
Major online rental search platforms agree to provide tens of millions of consumers with better information about fees. Today, President Biden and U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge announced new commitments by several of the biggest rental housing search platforms to increase transparency of housing fees, and released new…
HUD: Initial Recipients for Thriving Communities Technical Assistance Announced
The U.S. Department of Housing and Urban Development (HUD) is pleased to announce initial recipients of technical assistance offered through its Thriving Communities Technical Assistance (TCTA) program: Syracuse, NY; Rockford, IL; Redmond, WA; and Sun Prairie, WI. TCTA is designed to help local governments ensure housing needs are addressed as part of their infrastructure investment…
HUD: Public Input Sought to Enhance Accessibility and Usability of Programs to Pave the Way for Improved Housing Solutions
HUD publishes a Request for Information asking the public how the agency can make programs easier to access and use Today, the U.S. Department of Housing and Urban Development (HUD) published a Request for Information asking the public how the agency can make its programs easier to access and use. HUD has taken a number…
HUD: $30 Million Available to State and Local Fair Housing Enforcement Partners
Funding to support and promote fair housing nationwide The U.S. Department of Housing and Urban Development (HUD) announced today that it made $29.5 million in noncompetitive funding available on June 14 to HUD’s state and local fair housing enforcement agencies across the country under its Fair Housing Assistance Program (FHAP). The FHAP is an intergovernmental partnership…
HUD: Public Housing Inspections to Begin Under New Rule to Strengthen Inspection Standards in HUD-Assisted and Insured Housing
NSPIRE Final Rule Effective July 1 for Public Housing, October 1 for remaining HUD Rental Assistance Programs As of July 1, the U.S. Department of Housing and Urban Development (HUD) has the authority to begin inspecting public housing under the Final Rule for the National Standards for the Physical Inspection of Real Estate (NSPIRE) after…
HUD: $3.1 Billion Announced to Help People Experiencing Homelessness
In response to a growing homelessness crisis, HUD makes largest-ever single-year investment in communities’ homelessness response systems. The U.S. Department of Housing and Urban Development (HUD) today announced that it will provide more than $3.1 billion in competitive funding to homeless services organizations across the country for supportive services and housing programs for people experiencing…