HUD: FHA Expands Access to Homeownership for First-Time Homebuyers Who Have Positive Rental History
Addition of positive rental payment history in TOTAL Mortgage Scorecard assessment criteria supports greater opportunity for first-time homebuyers to qualify for affordable FHA-insured mortgage financing. The Federal Housing Administration (FHA) is announcing today that it will begin to permit inclusion of a first-time homebuyer’s positive rental payment history as an additional factor in the credit assessment performed…
HUD: Eighteen Public Housing Authorities Selected for New Asset Building Moving to Work Demonstration Cohort
Asset Building Cohort a Key Component of Secretary Fudge’s Economic Justice Agenda The U.S. Department of Housing and Urban Development (HUD) on September 27, 2022 announced the Asset Building cohort of the expansion of the Moving to Work (MTW) Demonstration Program. Through this cohort, HUD will evaluate asset building activities that encourage the creation and…
HUD: Public Input Sought on Design of New Green and Resilient Retrofit Program for Multifamily Assisted Housing Properties
Part of President Biden’s landmark Inflation Reduction Act, the Green and Resilient Retrofit Program will provide funding to enhance energy efficiency and climate resiliency in HUD Multifamily assisted housing properties. The U.S. Department of Housing and Urban Development (HUD) today released a Request for Information in public inspection form in the Federal Register to obtain public input regarding the…
HUD: More Than 19,000 New Housing Choice Vouchers Announced in Most Expansive Allocation of Flexible Rental Assistance in 20 Years
U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge traveled to Falls Church, Virginia today to announce the awarding of more than 19,000 new Housing Choice Vouchers (HCVs) to almost 2,000 Public Housing Agencies (PHAs) in nearly every community across the country. This is the most expansive allocation of flexible new rental…
HUD: $180 Million in Choice Neighborhoods Implementation Grants Announced
Awardees can use grant funds to transform public and/or other HUD-assisted housing, as well as the surrounding neighborhood U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge today announced the awarding of Choice Neighborhood Implementation (CNI) Grants totaling $180 million. Secretary Fudge made the announcement in Tulsa, Oklahoma, where she presented a…
HUD: $176.4 Million in Grant Funding Made Available for Construction and Ongoing Project-Based Rental Assistance for Low-Income Seniors
Section 202 Capital Advance and Ongoing Project Rental Assistance Notice of Funding Opportunity supports development of new, deeply affordable rental homes for very low-income seniors. The U.S. Department of Housing and Urban Development (HUD) today announced the availability of up to $174.6 million in grant funding opportunities through a Notice of Funding Opportunity (NOFO) to support the…
HUD: Nearly $1 Million Awarded to Keep Foster Youth Housed
17 Public Housing Agencies in 11 States Will Use Funding to Prevent Homelessness Among Youth Transitioning Out of Foster Care The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $1 million to 17 Public Housing Agencies (PHAs) in 11 states to provide housing assistance to youth who are transitioning out of foster…
HUD: $1.4 Million Awarded for Research on Renter Outcomes During Disaster Recovery
The U.S. Department of Housing and Urban Development (HUD) today announced the awarding of $1.4 million in funding for research on outcomes of renter households during various phases of disaster recovery. Two awardees, The Urban Institute and Horne, LLP, will receive the funds under the (FY2022) Notice of Funding Opportunity (NOFO). “Disasters often result in…
HUD: Updated Public Housing Agency Disaster Readiness, Response and Recovery Guidebook Released
HUD Deputy Secretary Todman Announces Release of Updated Guidebook During Visit to Mixed-Income Housing Site in Miami, FL: It’s Critical that Public Housing Agencies Have the “Resources and Tools to Take a Proactive Approach to Protect Their Properties and the Safety and Well-Being of Residents” Release of Updated Guidebook Coincides with National Preparedness Month Today,…
HUD: $9 Million Awarded to Provide Rental Assistance to Native American Veterans Experiencing Homelessness
The U.S. Department of Housing and Urban Development (HUD) today awarded 28 Tribal HUD-Veterans Affairs Supportive Housing (Tribal HUD-VASH) renewal awards, totaling more than $9 million, to provide rental assistance and supportive services to Native American Veterans experiencing or at risk of homelessness. “HUD is committed to serving Native American Veterans by ensuring that they…