HUD and Census Bureau: Residential Construction Activity Report for April 2020
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for April 2020. Building Permits Privately owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,074,000. This is 20.8 percent (±0.9 percent) below the revised…
CFPB: CSBS and CFPB Issue Consumer Guide on Mortgage Relief Options
To guide homeowners with federally backed loans through the process of obtaining mortgage relief, the Consumer Financial Protection Bureau (Bureau) and the Conference of State Bank Supervisors today released a Consumer Relief Guide with borrowers’ rights to mortgage payment forbearance and foreclosure protection under the federal CARES Act. Kathleen L. Kraninger, CFPB Director: “CFPB is working hand-in…
FHFA: Foreclosure and Eviction Moratorium Extended
Today, to help borrowers and renters who are at risk of losing their home due to the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) are extending their moratorium on foreclosures and evictions until at least June 30, 2020. The foreclosure moratorium applies to Enterprise-backed,…
CFPB, FHFA & HUD Launch Joint Mortgage and Housing Assistance Website for Americans Impacted by COVID-19
To ensure homeowners and renters have the most up to date and accurate housing assistance information during the COVID-19 national emergency, today the Consumer Financial Protection Bureau (CFPB), Federal Housing Finance Agency (FHFA), and the Department of Housing and Urban Development (HUD) launched the new mortgage and housing assistance website https://www.cfpb.gov/housing. CFPB, FHFA and HUD are…
HUD: Third Wave of CAREs Act Funding Provides $1 Billion for Communities
Third wave of relief funding targeted for states and insular areas The U.S. Department of Housing and Urban Development Secretary Ben Carson today announced the allocation of a third wave in CARES Act coronavirus relief funding. This wave totaling $1 billion is through the Community Development Block Grant (CDBG) program. To date, HUD has provided over $3…
HUD: More Than $12 Million Awarded to Help Public Housing Authority Tenants to Relocate
Today, U.S. Department of Housing and Urban Development (HUD) awarded $12,841,788 to seven Public Housing Authorities to provide tenant protection vouchers to Public Housing (Low-Rent) Program assisted residents. These vouchers will help households with relocation or replacement housing when their Public Housing units are slated under a HUD-approved plan for demolition and disposition actions or…
HUD: Pandemic Underscores Need for HUD’s Foster Youth Housing Program; Department Allocates New Funding to Six States
Foster Youth to Independence Initiative has now issued over $1.1 million in funding U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced $100,000 in the latest installation of grants for HUD’s new Foster Youth to Independence (FYI) Initiative. Six housing authorities will receive this funding, continuing HUD’s efforts to assist young adults…
FHFA: New Tools Announced to Help Renters Find Out if They Are Protected from Eviction
To help renters find out if they are protected from evictions during the COVID-19 national health emergency, the Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) have created online multifamily property lookup tools. The property lookup tools allow renters to find out if the multifamily property where they…
HUD: Second Wave of Relief Funds, Over Half a Billion Dollars, Allocated to Protect Low-Income Americans
Funds can be used for personal protective equipment, childcare costs, travel costs to receive testing, among other actions U.S. Department of Housing and Urban Development Secretary Ben Carson today announced his Department will allocate $685 million in COVID-19 relief funding to help low-income Americans residing in public housing. The funding, made available by the CARES Act legislation…
HUD: $130 Million Awarded to Revitalize Four Neighborhoods
Federal investments expected to attract more than a $1.5 billion in additional funding for neighborhood reinvestment Today, the U.S. Department of Housing and Urban Development (HUD) announced four communities across the country will receive a combined $130 million to redevelop severely distressed public housing and to revitalize surrounding neighborhoods. Provided through HUD’s Choice Neighborhoods Initiative,…