HUD: FHA to Require Second Appraisal for Certain Reverse Mortgages
New policy designed to reduce ‘appraisal inflation’ WASHINGTON – The Federal Housing Administration (FHA) today announced that it will begin requiring lenders originating new Home Equity Conversion Mortgages (HECMs), commonly referred to as reverse mortgages, to provide a second property appraisal under certain circumstances. FHA is instructing lenders to provide a second independent property appraisal…
HUD: Department and U.S. Virgin Islands Sign $243 Million Disaster Recovery Grant Agreement
Action paves the path to repair housing, businesses and infrastructure WASHINGTON – U.S. Department of Housing and Urban Development (HUD) Deputy Secretary Pamela Hughes Patenaude and the U.S. Virgin Island’s Governor Kenneth Mapp today announced the formal execution of a $243 million grant agreement to help citizens in the U.S. Virgin Islands to recover from…
HUD and Census Bureau: New Residential Sales Report for August 2018
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 August 2018: New Home Sales Sales of new single-family houses in August 2018 were at a seasonally adjusted annual rate of 629,000. This is 3.5 percent (±13.7 percent)* above the revised July…
HUD: $1.5 Billion Disaster Recovery Grant Agreement for Puerto Rico Signed
Action paves the path to repair housing, businesses and infrastructure WASHINGTON – U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson and Puerto Rico’s Governor Ricardo Rosselló today announced the formal execution of a $1.5 billion grant agreement to help citizens in Puerto Rico to recover from Hurricanes Irma and Maria. The signing…
HUD: $8 Million Awarded to Public Housing Authorities for Emergency and Security Improvements
The U.S. Department of Housing and Urban Development (HUD) today awarded $8 million in grant funding to eight public housing authorities to keep residents safe and secure. The funding announced today is offered through the following HUD programs: HUD’s Capital Fund Emergency Safety and Security Program, which supports security and emergency alarm system improvements to…
HUD: Rental Assistance Demonstration Reaches 100,000 Units of Affordable Public Housing Milestone
Secretary Ben Carson attends groundbreaking ceremony in Austin, TX U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced that 100,000 units of affordable public housing have been preserved through the Department’s Rental Assistance Demonstration (RAD), an innovative approach to confronting the dwindling and aging supply of public housing. In a groundbreaking ceremony today…
Census Bureau: New 2017 American Housing Survey
Today the U.S. Census Bureau and Department of Housing and Urban Development released new housing data from the 2017 American Housing Survey (AHS). The biennial AHS is the nation’s most comprehensive housing survey, providing current data on a wide range of housing subjects. Topics unique to the AHS include characteristics and physical condition of the…
HUD: $12 Million Awarded to Assist Tribal Communities with Making Housing Safer
Funding to make low-income tribal housing safer and healthier WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today awarded more than $12 million in Healthy Homes Production grants to 13 Tribes and Tribal agencies to protect children and families from home health and safety hazards (see chart below). The grant funding announced…
HUD: New 2017 American Housing Survey Released
2017 AHS provides insight on disaster preparedness, housing and neighborhoods WASHINGTON – Renters are three times more likely to need financial assistance to evacuate during a major disaster than those who own their own homes. That’s according to the new 2017 American Housing Survey released today by the U.S. Department of Housing and Urban Development…
HUD: $18 Million Awarded to Clean Up Dangerous Lead in Public Housing
Funding to protect children in 20 Public Housing Authorities WASHINGTON – In an effort to identify and eliminate lead-based paint hazards in public housing, the U.S. Department of Housing and Urban Development (HUD) today announced it is awarding $18 million to 20 public housing agencies across the country. These funds are offered through HUD’s Lead-Based…