HUD: $85 Million Awarded to Revitalize Three Low-Income Neighborhoods
Federal investments expected to generate more than $620 million in neighborhood reinvestment U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced three communities across the country will receive a combined $85 million to redevelop severely distressed public or assisted housing and to revitalize surrounding neighborhoods. Provided through HUD’s Choice Neighborhoods Initiative, these grants, and the…
HUD: FHA Proposes New Lender Certification Requirements
Effort designed to improve clarity and certainty of compliance rules, expand financing options for borrowers The Federal Housing Administration (FHA) today proposed several revisions to its lender certification requirements with the goal of providing lenders and servicers greater certainty in how to satisfy the agency’s compliance requirements. In providing greater certainty to the process, FHA…
HUD: FHA Offers Incentives for Property Owners Who Invest in Opportunity Zones
Lower costs and dedicated underwriters to stimulate housing investment in distressed neighborhoods The Federal Housing Administration (FHA) today announced a package of incentives to encourage multi-family property owners to invest in thousands of neighborhoods located in Opportunity Zones across the nation. Read today’s Housing Notice. FHA is introducing reduced application fees paid by property owners applying…
HUD: Council on Foundations and HUD Announce Winners of Secretary’s Award for Public-Philanthropic Partnerships
Today, the U.S. Department of Housing and Urban Development (HUD) and the Council on Foundations announced the 2019 winners of the Secretary’s Award for Public-Philanthropic Partnerships. The awards recognize innovative partnerships between foundations and government that have been critical in transforming communities and improving the quality of life for low-and moderate-income residents across the country….
HUD: National Association of Home Builders to Co-Host HUD Innovative Housing Showcase
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced the National Association of Home Builders (NAHB) will co-host the Department’s inaugural “Innovative Housing Showcase.” The Innovative Housing Showcase will be held on the National Mall June 1-5, 2019, to educate policy makers and the broader public on the new housing innovations…
FHFA: New Report Details Progress on the 2018 Scorecard for Fannie Mae and Freddie Mac
The Federal Housing Finance Agency (FHFA) issued a Scorecard Progress Report today summarizing the 2018 activities of Fannie Mae and Freddie Mac (the Enterprises) to further FHFA’s three strategic objectives as conservator: Maintain, Reduce, and Build. Interested parties are invited to provide input on this Report. Feedback can be submitted via FHFA.gov, or to the…
HUD and Census: New Residential Sales Report for March 2019
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 March 2019: New Home Sales Sales of new single-family houses in March 2019 were at a seasonally adjusted annual rate of 692,000. This is 4.5 percent (±17.6 percent)* above the revised February…
FHFA: House Price Index Up 0.3 Percent in February 2019, Up 4.9 Percent from Last Year
U.S. house prices rose in February, up 0.3 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.6 percent increase for January 2019 remained unchanged. The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or guaranteed by,…
HUD: Additional $15 Million Awarded to Fight Housing Discrimination
Grants to support and promote fair housing nationwide To help end housing discrimination, the U.S. Department of Housing and Urban Development (HUD) today awarded an additional $15 million to support dozens of fair housing organizations working to confront violations of the nation’s landmark Fair Housing Act (see grant chart below). HUD’s grants are provided through…
FHFA: Dr. Mark Calabria Sworn in as Director of the Federal Housing Finance Agency
In an Agency ceremony, Dr. Mark A. Calabria was sworn in today to a five-year term as the second Senate-confirmed Director of the Federal Housing Finance Agency (FHFA). Dr. Calabria was appointed to head the Agency by President Donald J. Trump. FHFA was created by the Housing and Economic Recovery Act (HERA) of 2008 to…