HUD: Deputy Secretary Announces New Streamlined Enrollment Process for Afforable Connectivity Program in Albany, Georgia
Deputy Secretary Adrianne Todman met with the Mayor of the City of Albany, Georgia, local leaders, housing providers, and community members to discuss rural housing needs and access to quality broadband connections. As part of the Biden-Harris Administration’s Investing in Rural America Tour, the U.S. Department of Housing and Urban Development (HUD) Deputy Secretary Adrianne…
HUD: FHA Proposes Update to Home Equity Conversion Mortgage Assignment Claims Eligiblity to Strengthen Market Liquidity
Proposal posted for feedback will ensure long-term program viability and expanded availability for senior homeowners. The Federal Housing Administration (FHA) today announced it has posted for industry feedback a proposed update to its Home Equity Conversion Mortgage (HECM) assignment claims eligibility policy. The proposal enables certain categories of due and payable HECMs that were previously ineligible for…
HUD: $50 Million Released to Address Youth Homelessness & New Assistance to Improve Housing Placements for People Experiencing Homelessness and Resolve Encampments
New Funding will support approximately 35 communities to improve response systems for youth homelessness; technical assistance and regulatory flexibilities available to help communities transition people from homelessness to housing. Today, the U.S. Department of Housing and Urban Development (HUD) is announcing new resources, technical assistance, and regulatory flexibilities to support their efforts to address homelessness,…
HUD: City of Madison Community Development Authority Selected as Partner for the Annual Innovation in Affordable Housing Student Design and Planning Competition
HUD hopes to inspire and support students of fields such as architecture, planning, policy, and finance in advancing affordable and sustainable housing for low- and moderate-income Americans. The U.S. Department of Housing and Urban Development (HUD) has announced the City of Madison Community Development Authority (CDA) in Madison, Wisconsin will be the partnering public housing…
HUD: FHA Extends Current Foreclosure Protections for Borrowers in Maui County, HI
To assist borrowers impacted by the August wildfires, mortgage servicers will be prohibited from initiating or completing foreclosure actions through May 6, 2024. The Federal Housing Administration (FHA) today announced it is extending its existing disaster-related foreclosure moratorium in Maui County, HI, through May 6, 2024, for borrowers with FHA-insured single-family mortgages, including seniors with Home Equity…
HUD: FHA Changes Appraisal Requirements for Certain Manufactured Homes to Enhance Financing Flexibility for Borrowers
Updated requirements for valuation of manufactured homes contribute to FHA’s efforts to increase the availability and affordability of manufactured housing as part of the Biden-Harris Administration’s Housing Supply Action Plan. The Federal Housing Administration (FHA) today announced the publication of updated appraisal requirements for the valuation of manufactured homes certified under Fannie Mae’s MH AdvantageTM and Freddie Mac’s…
HUD: FHA Proposes New Enhancements to Home Equity Conversion Mortgage Program
HUD is seeking public feedback on proposals to improve program’s stability for senior homeowners. The Federal Housing Administration (FHA) today announced it has posted for industry feedback a set of proposed policy updates to its Home Equity Conversion Mortgage (HECM) program designed to improve program stability and to respond to changing market conditions. These measures reaffirm FHA’s…
HUD: FHA Publishes Comprehensive Guidance for the Home Equity Conversion Mortgage Program
Newly published chapters of the Single Family Housing Policy Handbook provide a central source of information to enhance program delivery for seniors choosing to age in place in their own homes The Federal Housing Administration (FHA) today announced the publication of consolidated and comprehensive policies for its Home Equity Conversion Mortgage (HECM) program, and the inclusion of…
HUD: Rule Proposed to Remove Criminal Conviction Restrictions for Fair Housing Testers
New rule would eliminate restrictions on those with prior felony or certain other criminal convictions in FHIP- and FHAP-Funded Testing Programs. Today, the U.S. Department of Housing and Urban Development (HUD) published a Notice of Proposed Rulemaking in the Federal Register that would eliminate the agency’s restrictions on the use of fair housing testers with prior felony…
HUD: Communities and Developers Encouraged to Explore More Commercial to Residential Housing Conversions
New White House Guidebook and Updated HUD Notice would provide new tools to help expand housing supply affordability Today, the U.S. Department of Housing and Urban Development (HUD) and the Biden-Harris Administration announced important updates that will help bolster our nation’s housing supply and improve housing affordability. The White House released a guidebook, developed in partnership with…