Housing News
Housing
Harvard University Wins HUD’s 2024 Innovation in Affordable Housing Student Design and Planning Competition
Housing
HUD Invests $750,000 to Boost Energy Efficiency and Climate Resilience for Low-Income Senior Housing in Tennessee
The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing Programs has completed a $750,000 grant transaction with Wesley Living of Tennessee to enhance the Woodland Homes apartment community in Lexington, Tennessee. The Green and Resilient Retrofit Program (GRRP) funding will support energy efficiency and climate resilience renovations at the property.
Housing
HUD Implements Rule to Enhance Affordable Housing Voucher Programs
The U.S. Department of Housing and Urban Development (HUD) has announced a new rule implementing parts of the Housing Opportunity Through Modernization Act of 2016 (HOTMA). The announcement was made by Principal Deputy Assistant Secretary for Public and Indian Housing Richard J. Monocchio in DeKalb County, Georgia.
Housing
Biden-Harris Administration Allocates $5.5 Billion for Housing and Community Development
The U.S. Department of Housing and Urban Development (HUD) revealed $5.5 billion in grants for affordable housing, community development, and homeless assistance. The funds will reach 1,200 communities across the U.S., with HUD Acting Secretary Adrianne Todman emphasizing the importance of local needs and community development investments. Vice President Kamala Harris stated that the grants aim to increase access to affordable housing, drive economic growth, and tackle homelessness.
Housing
HUD Extends Additional Relief to Borrowers in Maui, HI
WASHINGTON - Today, the U.S. Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), has announced an extension of the foreclosure moratorium for borrowers with FHA-insured mortgages in Maui County, HI, through January 1, 2025. The decision comes in response to the wildfires' devastation, limited access to resources, and unique challenges faced by Maui residents.HUD Acting Secretary Adrianne Todman expressed, "This past September, I visited Maui and saw the damage that wildfires inflicted on homes, communities, and families. I...
Housing
HUD Announces New Critical Investments in our Nation’s Public Housing
WASHINGTON - Today, the U.S. Department of Housing and Urban Development (HUD) awarded $3.17 billion in Public Housing Repair funding to 2,756 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 capital investments to their public housing stock.HUD Acting Secretary Adrianne Todman expressed the importance of the grants, stating, “At HUD, our mission is to create strong, sustainable, inclusive communities and quality homes for all.” Todman emphasized that the grant funding is a...
Housing
HUD Announces Disaster Assistance for Oklahoma Survivors
The U.S. Department of Housing and Urban Development (HUD) has announced disaster assistance for Oklahoma survivors following severe storms, straight-line winds, tornadoes, and flooding that began on April 25, 2024. President Biden issued a major disaster declaration for the counties of Hughes, Love, and Murray.HUD's efforts include providing a 90-day moratorium on foreclosures of mortgages insured by the Federal Housing Administration (FHA) and offering mortgage insurance through programs like Section 203(h) for disaster victims. Homeowners affected by the disaster are...
Housing
HUD Delivers First Deal to Promote Energy Efficiency and Climate Resiliency for Massachusetts Families
HUD Acting Secretary Adrianne Todman celebrated the completion of a $750,000 grant transaction under the Green and Resilient Retrofit Program (GRRP) with Wollaston Lutheran Church, aimed at improving energy efficiency and climate resilience at the Bauer House apartment community in Quincy, Massachusetts. Todman stated, “Today’s news is a milestone of HUD’s Green and Resilient Retrofit Program, marking the closure of our first grant transaction supporting climate resiliency and restoration projects in affordable housing.”Deputy Assistant Secretary for Multifamily Housing...
Housing
HUD Issues Fair Housing Act Guidance on Applications of Artificial Intelligence
Washington, May 2, 2024 - The U.S. Department of Housing and Urban Development (HUD) has released two guidance documents aimed at addressing potential discriminatory uses of artificial intelligence in tenant screening and housing-related advertising.HUD Acting Secretary Adrianne Todman stated, "Under this Administration, HUD is committed to fully enforcing the Fair Housing Act and rooting out all forms of discrimination in housing." The guidance documents are in line with President Joe Biden's Executive Order, which called for actions to combat discrimination enabled by...
Housing
HUD Announces Nearly $90 Million to Make Low-income Families’ Homes Safer and Healthier
The U.S. Department of Housing and Urban Development (HUD) has announced an allocation of almost $90 million to enhance the safety and health of low-income families' homes, targeting various hazards such as lead-based paint, carbon monoxide, mold, radon, fire safety, and asbestos. This initiative aligns with President Biden's Lead Pipe and Paint Action Plan, which aims to protect vulnerable communities from exposure to harmful substances in their living environments.HUD Acting Secretary Adrianne Todman emphasized the importance of providing all families with a healthy...
Housing
HUD Announces Disaster Assistance for Kansas Survivors
The U.S. Department of Housing and Urban Development (HUD) has announced disaster assistance for Kansas survivors affected by a severe winter storm earlier this year. According to President Biden's major disaster declaration, assistance will be provided to counties including Butler, Chase, Cloud, Edwards, and more.In a recent statement, HUD outlined various forms of assistance available to those impacted by the disaster. Homeowners are encouraged to reach out to their mortgage or loan servicers for support, with a 90-day moratorium on foreclosures in place for certain...
Housing
HUD Announces Disaster Assistance for Washington Survivors
The U.S. Department of Housing and Urban Development (HUD) has declared federal disaster assistance for the State of Washington in response to severe winter storms, straight-line winds, flooding, landslides, and mudslides that occurred from January 5 to January 29, 2024. President Biden issued a major disaster declaration for several counties and the Confederated Tribes of the Colville Reservation.HUD is taking immediate action to support survivors of the disaster. According to a statement from the department, "Homeowners affected by the disaster should contact their...
Housing
HUD Issues New Guidance to Protect Borrowers from Appraisal Bias
The U.S. Department of Housing and Urban Development (HUD) has taken a significant step towards protecting borrowers from racial or ethnic bias in home appraisals. The Federal Housing Administration (FHA) announced a new Reconsideration of Value policy, requiring lenders to offer borrowers a pathway to request reviews of home appraisal valuations if they believe bias or inaccuracies are present.HUD Acting Secretary Adrianne Todman emphasized the importance of addressing biased home appraisals, stating, "We know that biased home appraisals not only disproportionately harm...
Housing
HUD Approves Settlement with Pennsylvania Housing Providers Resolving Claim of Housing Discrimination
The U.S. Department of Housing and Urban Development (HUD) has approved a Conciliation Agreement under the Fair Housing Act between the Metropolitan Management Corporation and Lancaster Court Associates and a family of former tenants. The agreement resolves allegations of housing discrimination based on familial status.Demetria L. McCain, Principal Deputy Secretary for Fair Housing and Equal Opportunity, emphasized the importance of fair treatment for all tenants, stating, "No tenant should be subjected to housing discrimination based on their familial status or family...
Housing
Acquisition Excellence: HUD Receives an “A+” Grade on SBA’s Annual Small Business Procurement Scorecard
WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) has been awarded an annual procurement scorecard rating of “A+” by the Small Business Administration (SBA) for Fiscal Year (FY) 2023. This prestigious recognition reflects HUD's exceptional performance in reaching small business and socio-economic prime contracting and subcontracting goals.HUD Acting Secretary Adrianne Todman expressed pride in the achievement, stating, "This achievement underscores our unwavering commitment to fostering economic growth and empowering small businesses." She further...
Housing
HUD Prioritizes Resilient, Efficient, and Green Homes and Community Development
WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) is making significant strides in prioritizing resilient, efficient, and green homes and community development under the Biden-Harris Administration.HUD's commitment to improving the lives of families and communities by reducing energy and insurance costs while enhancing resilience has led to various initiatives and partnerships aimed at combating climate change and advancing environmental justice.Efforts to enhance climate resilience in vulnerable communities have been highlighted, with HUD...
Housing
New Update: HUD and USDA Announce Adoption of Minimum Energy Standards that will Lower Monthly Costs for Homeowners and Renters
WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Agriculture (USDA) have revealed the adoption of new Minimum Energy Standards for single and multifamily homes, aiming to reduce monthly costs for homeowners and renters across the nation.Marion McFadden, Principal Deputy Assistant Secretary for Community Planning and Development, emphasized the importance of these updated standards, stating, "Families should never have to find themselves making hard choices about whether to heat their home in winter or use cooling during a...
Housing
HUD Acting Secretary Celebrates Sustainable Housing Investments in Philadelphia
PHILADELPHIA - Today, Adrianne Todman, the Acting Secretary of the U.S. Department of Housing and Urban Development (HUD), traveled to Philadelphia, PA, to celebrate the Philadelphia Housing Authority and Biden-Harris Administration’s work to support housing that is both affordable and sustainable. This Earth Week, HUD and the entire Biden-Harris Administration are marking achievements in supporting energy efficiency, climate resilience, and sustainability across the country.“We know that as our country invests in sustainable housing, low-income and disadvantaged...
Housing
HUD Takes Steps to Help Communities Combat Extreme Heat
WASHINGTON – Today, the U.S. Department of Housing and Urban Development (HUD) unveiled new measures aimed at assisting communities in combating extreme heat as part of the Biden-Harris Administration's Earth Week initiatives.In a statement, HUD Acting Secretary Adrianne Todman emphasized the importance of the initiative, stating, "Extreme heat affects all of us. Historically underserved communities are even more vulnerable."The initiatives include the publication of a webpage on Extreme Heat by HUD, serving as a central platform for actions communities can take to...
Housing
HUD AND CENSUS BUREAU REPORT NEW RESIDENTIAL SALES IN MARCH 2024
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau have released new residential sales statistics for March 2024. According to the joint announcement, sales of new single‐family houses in March 2024 were at a seasonally adjusted annual rate of 693,000.The median sales price of new houses sold in March 2024 was $430,700, with the average sales price reported at $524,800. Additionally, the seasonally‐adjusted estimate of new houses for sale at the end of March was 477,000.These figures show positive trends in the housing...
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