HUD: Overhaul of Disaster Recovery Program Announced to Better Deliver for Impacted Communities
Announcement includes the creation of a new HUD office focusing on disaster recovery and $3.3 billion to help communities across the country recover, build resilience Today, the U.S. Department of Housing and Urban Development (HUD) announced an overhaul of the agency’s disaster recovery efforts to better serve communities who face the direct impacts of weather-related…
HUD: Fiscal Year 2024 Budget in Brief Released
Proposed budget would significantly invest in building affordable housing, expanding access to homeownership, redressing housing discrimination, enhancing household mobility, and ending homelessness Today, the U.S. Department of Housing and Urban Development (HUD) released details about its fiscal year 2024 budget request. Find the HUD FY24 budget at hud.gov/budget. On Thursday, March 9, the Biden-Harris Administration released the…
HUD: 2023 Innovative Housing Showcase Featuring Affordable Housing Solutions Scheduled for June
HUD to host third showcase on National Mall from June 9-11, 2023 U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge today announces that HUD will host the 2023 Innovative Housing Showcase on the National Mall from June 9 to 11, 2023. The Showcase is a public event to raise awareness of…
HUD: $96.5 Million Rental Assistance Demonstration Conversion Transactions Closed to Preserve and Rehabilitate 500 Senior Homes in Chicago, IL
Chicago Housing Authority leverages RAD to support rehabilitation of affordable rental homes at two properties for seniors. The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing is announcing today it recently closed two Rental Assistance Demonstration (RAD) transactions with the Chicago Housing Authority (CHA) to finance the rehabilitation of affordable rental homes…
HUD: More than $794 Million Awarded for Affordable Housing Activities in Native American Communities
Funds support development and operation of low-income housing Today, the U.S. Department of Housing and Urban Development (HUD) announced more than $794 million in Indian Housing Block Grant (IHBG) formula funding for eligible Native American Tribes, Alaska Native Villages, and Tribally Designated Housing Entities (TDHEs) to carry out affordable housing activities in Tribal communities. Click here to…
HUD: $5.6 Billion Awarded in Annual Grants for Affordable Housing, Community Development and Homeless Assistance
Funding will go to 1,200 communities through 2,400 grants to support the needs of families and individuals The U.S. Department of Housing and Urban Development (HUD) today announced $5.6 billion in funding will go to 1,200 communities through more than 2,400 grants to States, urban counties, insular areas, DC, Puerto Rico, and local organizations across…
HUD and Census Bureau: New Residential Sales Report Issued for January 2023
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 January 2023: New Home SalesSales of new single‐family houses in January 2023 were at a seasonally adjusted annual rate of 670,000, according to estimates released jointly today by the U.S. Census Bureau…
HUD: $12.9 Million Awarded to Prevent Homelessness Among Youth Transitioning Out of Foster Care
16 Public Housing Agencies in 9 States will use funding to keep Foster Youth Housed In an effort to help youth in foster care find affordable housing, the U.S. Department of Housing and Urban Development (HUD) awarded $12.9 million to 16 Public Housing Agencies (PHAs) in 9 states to provide housing assistance to young adults…
HUD: FHA Annual Mortgage Insurance Premium Deducations To Save Homebuyers an Average of $800 Annually on Mortgage Payments
30 basis point reduction in FHA annual mortgage insurance premium supports Biden-Harris Administration goals to make homeownership more affordable and accessible for working families. Today, the Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), announced a 30 basis point reduction to the annual mortgage insurance premiums (annual MIP) charged to homebuyers who…
HUD: $3.16 Billion Awarded for Critical Investments in Nation’s Public Housing
Funding will allow housing authorities to modernize public housing for families, individuals, seniors Today, the U.S. Department of Housing and Urban Development awarded $3.16 billion in funding to nearly 2,770 public housing authorities (PHAs) in all 50 states, as well as the District of Columbia, Guam, Puerto Rico and the U.S. Virgin Islands to make…