HUD and Census Bureau: Residential Construction Activity Report for August 2019
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for August 2019. Building Permits Privately owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,419,000. This is 7.7 percent (±1.2 percent) above the revised…
CFPB: Policies Issued to Facilitate Compliance and Promote Innovation
First No-Action Letter Issued to HUD Housing Counseling Agencies The Consumer Financial Protection Bureau (Bureau) today issued three new policies to promote innovation and facilitate compliance: the No-Action Letter (NAL) Policy, Trial Disclosure Program (TDP) Policy, and Compliance Assistance Sandbox (CAS) Policy. The Bureau proposed the policies in 2018 and received public comments on each…
HUD: Agency Submits Housing Reform Plan to the President
Today, the Department of Housing and Urban Development (HUD) presented President Donald Trump with a plan for reforming the Nation’s housing finance system. Read HUD’s housing finance reform plan. On March 27, 2019, President Trump issued a Memorandum on Federal Housing Finance Reform, directing HUD and the Department of Treasury to craft the housing finance reform…
HUD: Housing Preservation Program Expanded to Include Senior Housing
Rental assistance demonstration will help house low-income seniors In an effort to preserve and improve critically needed affordable housing for low-income seniors, the U.S. Department of Housing and Urban Development (HUD) today announced a significant expansion of its Rental Assistance Demonstration (RAD) to facilitate capital investment in senior housing developments assisted through HUD’s Section 202 Supportive Housing…
HUD: FHA Strengthens Mortgage Relief Options to Help Homeowners Impacted by Major Disasters
When disasters strike, homeowners can fall behind in their mortgage payments as they struggle to recover from a major disaster. To help homeowners impacted by major disasters, the Federal Housing Administration (FHA) today announced it is expanding its foreclosure prevention options to allow borrowers in Presidentially Declared Major Disaster Areas (PDMDAs) with delinquent FHA-insured mortgages…
HUD: $75 Million Awarded to Help End Youth Homelessness
Nearly double the funding to support innovative youth housing programs in 23 communities The U.S. Department of Housing and Urban Development (HUD) is awarding $75 million to end youth homelessness in 23 local communities across the country, including eight rural areas. HUD’s Youth Homelessness Demonstration Program (YHDP) will help these communities to build local systems and will…
HUD: Program Requirements Released for CDBG-Mitigation Program
Mitigation rules to support nine states and five local communities The U.S. Department of Housing and Urban Development (HUD) today published the program requirements for the Department’s new Community Development Block Grant –Mitigation (CDBG-Mitigation) Program to nine states and five local communities. Read HUD’s notice. CDBG-Mitigation funds represent a unique and significant opportunity for grantees to use this…
HUD and Census Bureau: New Residential Sales Report in July 2019 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 July 2019: New Home Sales Sales of new single-family houses in July 2019 were at a seasonally adjusted annual rate of 635,000. This is 12.8 percent (±16.2 percent)* below the revised June…
HUD: $5.2 Million Awarded to 23 Public Housing Agencies for Emergency Safety and Security Improvements
The U.S. Department of Housing and Urban Development (HUD) today announced it is awarding $5.2 million to 23 Public Housing Authorities (PHAs) in 15 states to make needed improvements to their safety and security systems. HUD’s Capital Fund Emergency Safety and Security Program supports public housing authorities as they address the safety of public housing residents. These…
HUD: Agency Takes Major Step to Improve Health and Safety Inspections
HUD set to test overhaul of 20-year-old inspection protocols Today the U.S. Department of Housing and Urban Development (HUD) announced another step to overhaul the Department’s 20-year-old inspection process to ensure taxpayer-supported housing is healthy and safe. HUD is launching a new demonstration to test innovative new approaches for making certain thousands of public housing…