FHFA: House Price Index Up 1.6 Percent in January 2022; Up 18.2 Percent from Last Year
House prices rose nationwide in January, up 1.6 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices rose 18.2 percent from January 2021 to January 2022. The previously reported 1.2 percent price change for December 2021 was revised upward to a 1.3 percent price change. For the…
HUD: Rental Assistance Demonstration Conversion Transaction Closed with the Housing Authority of Duluth, MN to Preserve 387 Homes for Low-Income Families
Transaction will allow for King Manor and Tri-Towers rental homes to remain permanently affordable to low-income Duluth residents on the Project-Based Rental Assistance platform The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing on March 24 closed a Rental Assistance Demonstration (RAD) transaction with the Housing and Redevelopment Authority (HRA) of Duluth,…
HUD: $72 Million Announced for Funding Opportunity to Help Youth Experiencing Homelessness
Funding will support up to 25 communities in developing and implementing a coordinated community approach to preventing and ending youth homelessness. The U.S. Department of Housing and Urban Development (HUD) is making $72 million in Youth Homelessness Demonstration Program (YHDP) funding available to up to 25 communities nationwide. Funding will be utilized for developing and…
FHFA: Fourth Quarter 2021 Foreclosure Prevention and Refinance Report Released
More than 6.3 million homeowners helped since conservatorship The Federal Housing Finance Agency (FHFA) today released its fourth quarter 2021 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 153,793 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped to 6,364,278…
HUD and Census Bureau: New Residental Sales Report for February 2022 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 February 2022: New Home SalesSales of new single‐family houses in February 2022 were at a seasonally adjusted annual rate of 772,000, according to estimates released jointly today by the U.S. Census Bureau…
HUD: PAVE Task Force Action Plan Unveiled with Wide-Ranging Set of Reforms to Advance Equity in Appraisals
Vice President Kamala Harris Announces Release of Plan During White House Event with Secretary Marcia L. Fudge, White House Domestic Policy Advisor Susan Rice, and Americans Impacted by Bias in the Appraisal Process FACT SHEET: PAVE Task Force Action Plan Key Findings WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today announced…
HUD: Disaster Assistance Announced for Maine Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance to supplement state, tribal, and local recovery efforts in the areas of Maine affected by a severe storm and flooding from October 30 to October 31, 2021. On March 15, President Biden issued a major disaster declaration for the counties…
Census Bureau: New Statistics Available from the 2016-2020 American Community Survey
Today the U.S. Census Bureau released new statistics from the 2016–2020 American Community Survey (ACS) 5-year estimates. Following pandemic-related data collection disruptions, the Census Bureau revised its methodology to reduce nonresponse bias in data collected in 2020. After evaluating the effectiveness of this methodology, the Census Bureau determined the standard, full suite of 2016–2020 ACS 5-year data are fit for public release, government…
HUD: FHA Insures $12 Million Mortgage for Urban Redevelopment of Affordable Multifamily Housing in Baltimore
Insurance endorsement provided by FHA supports affordable financing to create 87 rental homes throughout several lots The Federal Housing Administration (FHA) announced on March 17 the final endorsement and completed construction of a $12 million loan insured under FHA’s 221(d)(4) mortgage insurance program for Marshall Gardens in Baltimore, Maryland. The property was named after Thurgood…
HUD: Disaster Assistance Announced for Tennessee Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance to supplement state and local recovery efforts in the areas of Tennessee affected by a severe winter storm on February 3 to February 4, 2022. On March 11, President Biden issued a major disaster declaration for the counties of Crockett,…