HUD: $3.1 Billion Announced to Help People Experiencing Homelessness
In response to a growing homelessness crisis, HUD makes largest-ever single-year investment in communities’ homelessness response systems. The U.S. Department of Housing and Urban Development (HUD) today announced that it will provide more than $3.1 billion in competitive funding to homeless services organizations across the country for supportive services and housing programs for people experiencing…
HUD: House Party in Chicago Spotlights “Make Home the Goal Campaign” to Empower Pathways to Homeownership
Chicago hosts inaugural regional House Party: promoting homeownership, dispelling myths, amplifying federal programs. To close out June’s National Homeownership Month, Chicago-area residents are invited to the House Party, an in-person event to amplify the U.S. Department of Housing and Urban Development’s (HUD) commitment to helping more Americans realize their dream of homeownership. HUD representatives will…
HUD: $75 Million in Funding Available for Tribal Communities for Community Development
Funds support development of infrastructure and community facilities in Tribal Communities The U.S. Department of Housing and Urban Development (HUD) announced that it will make available $75 million through the Indian Community Development Block Grant (ICDBG) Program. Grant funds may be used for infrastructure, community facilities, housing rehabilitation, public services, economic development, and more to support Native…
HUD: FHA Increases Dollar Amount Threshold for Large Multifamily Loans to Be Eligible for Standard Underwriting
Change facilitates greater flexibility for lenders when underwriting Multifamily transactions up to $120 million. The Federal Housing Administration (FHA) today published a Mortgagee Letter that increases the threshold at which a Multifamily loan is considered a Large Loan from $75 million to $120 million. This is the first increase in the threshold since 2014 and will enable…
HUD and Census Bureau: New Residential Sales Report for May 2023 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 May 2023: New Home Sales Sales of new single‐family houses in May 2023 were at a seasonally adjusted annual rate of 763,000, according to estimates released jointly today by the U.S. Census…
HUD: Secretary’s Award for Excellence in Healthy Homes Launched During National Healthy Homes Month
Seeking nominations best exemplifying programs and practices in health equity and maximizing healthy homes community impacts The U.S. Department of Housing and Urban Development (HUD) is accepting nominations for the 2023 HUD Secretary’s Award for Excellence in Healthy Homes in honor of National Healthy Homes Month (NHHM). Healthy housing is the foundation for strong, vibrant communities…
HUD: FHA to Require Use of Supplemental Consumer Information Form
Information will support a greater understanding of borrower language preferences and use of housing counseling or homebuyer education offerings. Today, the Federal Housing Administration (FHA) is announcing that it will require lenders to use the Supplemental Consumer Information Form (SCIF) when originating mortgages for FHA insurance. The SCIF (Fannie Mae/Freddie Mac Form 1103) is an industry-recognized form…
HUD: Office of Manufactured Housing Programs Announced as New, Independent Office Within Housing
Office now reports directly to the Assistant Secretary for Housing Today, the U.S. Department of Housing and Urban Development’s (HUD) Office of Housing is announcing that it has created a new Office of Manufactured Housing Programs as an independent office reporting directly to Assistant Secretary for Housing and Federal Housing Commissioner Julia Gordon. The Office…
HUD: Research Grant Opportunity Announced to Study Off-site Construction and Land Use Reforms
On June 15, the U.S. Department of Housing and Urban Development (HUD) released a notice of funding opportunity (NOFO) to build the evidence base to accelerate the adoption of innovative and effective practices and policies to increase the production and supply of quality, affordable housing. The NOFO provides up to $4 million to (1) assess the potential…
HUD: $14.4 Million in Housing Counseling Grants Awarded
Awards will support efforts to expand housing services and counseling into underserved communities The U.S. Department of Housing and Urban Development’s (HUD) Office of Housing Counseling (OHC) is announcing today that it has awarded more than $14.4 million in housing counseling grant funding to 180 housing counseling organizations. The awards will support the comprehensive housing counseling services…