HUD: Process Begins to Strengthen Standards for Conditions in HUD Assisted and Insured Housing
Public comment on proposed scoring methodology for inspections now open for the first time in 20+ years as part of system-wide overhaul Today, the U.S. Department of Housing and Urban Development (HUD) published the proposed scoring notice for the National Standards for the Physical Inspection of Real Estate (NSPIRE) in the Federal Register. This updated scoring notice,…
HUD: $2.8 Billion in Annual Funding Announced to Help People Experiencing Homelessness
To help individuals and families experiencing homelessness move into permanent housing, the U.S. Department of Housing and Urban Development (HUD) today announced $2.8 billion in Continuum of Care (CoC) Competition Awards for thousands of local homeless service and housing programs across the United States. The awards, previewed by HUD Secretary Marcia L. Fudge at the…
FHFA: House Price Index Up 0.2 Percent in January 2023; Up 5.3 Percent from Last Year
U.S. house prices rose in January, up 0.2 percent from December, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 5.3 percent from January 2022 to January 2023. The previously reported 0.1 percent price decline in December 2022 remained unchanged. For the nine census divisions, seasonally adjusted monthly price changes…
HUD: Additional $3.4 Million in American Rescue Plan Funds Available for the Fair Housing Initiatives Program
Agencies can apply to grants opportunities to fight housing discrimination related to the COVID-19 Pandemic until May 11, 2023; Resources build on COVID-19 related loss mitigation efforts that kept nearly 2 million people in their homes during the COVID-19 National Emergency The U.S. Department of Housing and Urban Development (HUD) announced today that it is…
HUD: Updated Guidance Published for Section 8 Project-Based Rental Assistance Contract Renewals
Section 8 Renewal Guidebook provides updated policies and processes for rent comparability studies required as part of Section 8 Housing Assistance Payment Contract renewals. The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced today newly updated guidance for owners of properties participating in its Section 8 Project-Based Rental Assistance (PBRA) program….
HUD and Census Bureau: New Residential Sales Report Issued for February 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 February 2023: New Home Sales Sales of new single‐family houses in February 2023 were at a seasonally adjusted annual rate of 640,000, according to estimates released jointly today by the U.S. Census…
HUD: $30 Million in Funding Available for Public Housing Agencies to Help Youth Aging Out of Foster Care
Agencies are encouraged to apply for funding The U.S. Department of Housing and Urban Development (HUD) announced that it will make available $30 million to public housing authorities (PHAs) on a non-competitive basis through HUD’s Foster Youth to Independence (FYI) Initiative to provide housing assistance to young adults who are transitioning out of foster care…
FHFA: Fourth Quarter 2022 Foreclosure Prevention and Refinance Report Released
More than 6.7 million troubled homeowners helped during conservatorships The Federal Housing Finance Agency (FHFA) today released its fourth quarter 2022 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 52,469 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped…
HUD: $54 Million Awarded to 182 Grantees in 42 States to Fight Housing Discrimination
Ahead of anniversary of PAVE Action Plan, some grants empower organizations to test for appraisal bias and educate local communities The U.S. Department of Housing and Urban Development (HUD) today awarded $54 million to 182 fair housing organizations across the country under its Fair Housing Initiatives Program (FHIP). The grants will provide $28,200,000 to support the…
HUD: $6 Million Awarded to Improve the Safety and Health of Homes of Low-Income Families
Funds will reduce risks from radon and other hazards in homes The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $6 million to public housing agencies and a state housing authority to protect children and families from housing-related hazards, including radon exposure. HUD is awarding 10 grants to public housing agencies under…