HUD: Immediate Relief Provided for Homeowners Amid Nationwide Coronavirus Response
Suspends all foreclosure and evictions for the next 60 days U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson, in consultation with the Trump Administration and the Coronavirus Task Force, today authorized the Federal Housing Administration (FHA) to implement an immediate foreclosure and eviction moratorium for single family homeowners with FHA-insured mortgages for the next…
CFPB: Director Kraninger Statement on Joint HUD-FHFA Announcement on Foreclosure and Eviction Moratorium
Consumer Financial Protection Bureau Director Kathleen L. Kraninger made the following statement today after the U.S. Department of Housing and Urban Development and the Federal Housing Finance Agency announced a moratorium on foreclosures and evictions: “The actions taken today by HUD and FHFA are timely and an important step in providing assurance to consumers. I…
HUD: Over $118 Million Awarded to Local Homeless Programs
Funding will support service providers and non-profits across the Nation Today, the U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson announced over $118 million in grants to support local homeless assistance programs across the country. This round of HUD’s Continuum of Care grants will provide critically needed support to approximately 630 local programs on…
HUD: Additional $1.1 Million Announced to Public Housing Authorities to Assist Young People Aging Out of Foster Care
Funding supports youth aging out of foster care to avoid homelessness Today, U.S. Housing and Urban Development (HUD) Secretary Ben Carson announced an additional $1.1 million in funding for HUD’s new Foster Youth to Independence (FYI) Initiative. Ten housing authorities will receive this funding, continuing HUD’s efforts to assist young adults transitioning out of foster care…
HUD: $36 Million Awarded to Promote Employment and Self-Sufficiency for Public Housing Residents
The U.S. Department of Housing and Urban Development (HUD) today awarded $36 million to public housing agencies, non-profit organizations, resident associations, and tribal grantees across the nation to hire or retain service coordinators who help connect all public housing residents with employment training, financial literacy services, educational opportunities, and health and wellness programs. Watch Secretary…
HUD and Census Bureau: New Residential Sales Report for January 2020
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 2020: New Home Sales Sales of new single-family houses in January 2020 were at a seasonally adjusted annual rate of 764,000. This is 7.9 percent (±17.8 percent)* above the revised December…
HUD: $655 Million Announced to Help Tribes Support More Affordable Housing
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced more than $655 million in Indian Housing Block Grants (IHBG) to Native American Tribes in 38 States. Funding is distributed to eligible Tribes and their tribally designated housing entities (TDHEs) to carry out a range of affordable housing activities in their communities….
HUD: $20 Million Awarded to Help Public Housing Residents Secure Higher Paying Jobs
Housing Authorities in nine communities will receive funding under Jobs Plus U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today visited Carmelitos Public Housing Development and announced a $20 million investment to nine public housing agencies (PHA) to help public housing families increase their earned income and become self-sufficient. See chart below…
HUD: New Report Explores Problem of “Credit Invisibility” Among HUD-Assisted Households
First-of-its-kind study examines reporting rent payments to credit reporting agencies Landlords and property management groups regularly use credit checks to make determinations about renting to potential tenants and many employers incorporate credit checks in hiring decisions. A low credit score or credit invisibility can thusly limit housing choice and employment opportunity for low-income families. A…
HUD: $2.7 Billion Awarded to Improve, Preserve Public Housing
Housing authorities will use funding to modernize housing for families, seniors The U.S. Department of Housing and Urban Development (HUD) today awarded more than $2.7 billion to public housing authorities (PHA) in all 50 states, as well as the District of Columbia, Guam, Puerto Rico and the U.S. Virgin Islands. The funding will allow agencies…