HUD: FHA Proposes to Adjust Title I Manufactured Home Loan Program Loan Limits Annually
Consistent with the Biden-Harris Administration’s Housing Supply Action Plan, today’s proposed rule sets forth a methodology for regularly adjusting the limits on loans that finance manufactured homes titled as personal property. The Federal Housing Administration (FHA) is announcing today the publication of a proposed rule in the Federal Register to increase and index the loan limits for its Title…
HUD: $12.4 Million Loan Guarantee Announced for Baltimore, MD
Renovation and Expansion of a Historic Recreation Center Supported by Loan Guarantee The U.S. Department of Housing and Urban Development (HUD) today announced a $12.4 million loan guarantee for the renovation and expansion of the Chick Webb Recreation Center in East Baltimore, Maryland. The loan guarantee, offered through the Section 108 Loan Guarantee Program (Section 108),…
HUD: Important New Milestone Reached in American Rescue Plan’s Emergency Housing Voucher Program
“At HUD we are pleased that over 35,000 households have been averted from homelessness and have successfully leased their own rental housing thanks to our Emergency Housing Voucher Program. This marks a major step forward in our efforts to realize the ambitious goals we set when the program was established through the President’s American Rescue…
HUD: $5.7 Million in Research Grants Awarded to Reduce Housing-Related Health Hazards
Funding to improve methods to identify and control key residential hazards The U.S. Department of Housing and Urban Development (HUD) today awarded $5.7 million to seven universities and public health organizations to improve our understanding of the longer-term impact of housing interventions targeting lead and other residential hazards, such as from pests, injury hazards, and…
HUD: Rental Assitance Demonstration Conversion Closed in Cookeville, TN to Support 48 New Affordable Rental Homes
Transaction with Highlands Residential Services is first phase of redevelopment effort to preserve almost 500 deeply affordable homes within growing area. The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing is announcing today that it recently closed a Rental Assistance Demonstration (RAD) transaction with Highlands Residential Services (HRS), the Housing Authority in…
HUD: Unprecedented $379 Million in Choice Neighborhoods Funding Announced
HUD’s Signature Place-Based Program Available to Cities of All Sizes The U.S. Department of Housing and Urban Development (HUD) today announced the availability of an historically-high $379 million in Choice Neighborhoods Implementation (CNI) Grants to communities across the country. The CNI Grants will transform public and other HUD-assisted housing, as well as surrounding neighborhoods. Public housing authorities,…
HUD: $5 Million Funding Opportunity Announced to Support Housing and Infrastructure Investments in Disadvantaged Communities
The U.S. Department of Housing and Urban Development (HUD) today announced the availability of $5 million through the Thriving Communities Technical Assistance program. The Thriving Communities program will help strengthen local capacity to align transformational infrastructure projects funded by the Bipartisan Infrastructure Law with other crucial investments, such as affordable housing. “Affordable housing investments must…
HUD: Campus Compact & HUD Partner to Strengthen Higher Education Community Action
New HUD + Higher Ed Engagement Network will build opportunities for campuses to partner with HUD Field Offices & initiatives The U.S. Department of Housing and Urban Development and Campus Compact today announced a new higher education-focused collaboration, the HUD + Higher Ed Engagement Network. The Network, which will be led by Campus Compact in partnership…
HUD: FHA Insures $46.9 Million Mortgage to Preserve Affordable Housing in Chicago, IL
Insurance endorsement provided by FHA preserves 272 affordable rental homes at Barbara Jean Wright Court Apartments The Federal Housing Administration (FHA) announced today that it has recently closed on a $46.9 million loan insured under FHA’s 221(d)(4) Substantial Rehabilitation Insurance program for Barbara Jean Wright Court Apartments in Chicago, Illinois. Through FHA-insured affordable mortgage financing…
HUD: Waivers Announced to Help Florida Communities Recover from Hurricane Ian
Announcement Represents One of the Largest Collections of Regulatory and Administrative Waivers Issued by HUD at One Time; Secretary Fudge: Waivers “Build on HUD’s Continued Post-Disaster Efforts and Unprecedented Aid from the Biden-Harris Administration” The U.S. Department of Housing and Urban Development (HUD) today announced a package of 29 regulatory and administrative waivers aimed at helping communities…