Tag: HUD

FHA Capital Reserves Above Statutory Minimum for Third Straight Year

Filed in Housing Finance by on November 15, 2017 0 Comments
FHA Capital Reserves Above Statutory Minimum for Third Straight Year

The Federal Housing Administration (FHA) today released its annual report to Congress that shows the agency’s capital reserve ratio fell by $1.9 billion to a total economic net worth of $25.6 billion.

However, for the third straight year FHA’s reserve ratio has exceeded the congressionally mandated 2% threshold. FHA’s Mutual Mortgage insurance Fund now stands at 2.09% of the loans back stopped by the agency, vs. the 2.35% level from a year ago.

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HUD Issues Timeline for FHA Multifamily Applications in Harvey-Impacted Areas

Filed in Disaster Response, Multifamily by on September 29, 2017 0 Comments

HUD will begin accepting new multifamily mortgage insurance applications in Harvey-impacted areas in October.

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NAHB Commends Pamela Patenaude’s Confirmation as HUD Deputy Secretary

Filed in Housing Finance by on September 14, 2017 0 Comments

NAHB commends the Senate confirmation of Pamela Patenaude as the new HUD deputy secretary. This is an especially important time to have the HUD leadership at full strength as the government and private sector work together to meet the critical housing needs of the millions of households impacted by Hurricanes Harvey and Irma.

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HUD Proposes 2018 Difficult Development Areas, Qualified Census Tracts

Filed in Housing Finance, Multifamily by on September 12, 2017 0 Comments

HUD published a Federal Register notice Monday that designates Difficult Development Areas (DDA) and Qualified Census Tracts (QCT) for 2018.

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New FHA Multifamily Mortgage Insurance Applications Halted in Texas Disaster Areas

Filed in Multifamily by on September 8, 2017 0 Comments
New FHA Multifamily Mortgage Insurance Applications Halted in Texas Disaster Areas

NAHB has learned that HUD has sent a directive to all of its multifamily regional center directors stating that effective immediately the agency will not accept new applications for FHA multifamily mortgage insurance in the counties impacted by Hurricane Harvey and designated as Presidentially Declared Disaster (PDD) areas.

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HUD Announces 2-Year Suspension of Small Area Fair Market Rents

Filed in Codes and Regulations, Multifamily by on August 11, 2017 1 Comment
HUD Announces 2-Year Suspension of Small Area Fair Market Rents

In a move that should be beneficial to multifamily builders, HUD has announced a two-year-suspension in the use of Small Area Fair Market Rents as a guideline for public housing agencies in determining their subsidy payment standards in the Housing Choice Voucher program.

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HUD Report Shows Housing Affordability Crisis is Worsening

Filed in Multifamily by on August 10, 2017 0 Comments
HUD Report Shows Housing Affordability Crisis is Worsening

HUD released a report to Congress on Aug. 9 entitled Worst Case Housing Needs 2017 which found that 8.3 million households had “worst-case housing needs” in 2015, meaning they are very low-income renters who do not receive government housing assistance and paid more than half their income for rent, lived in severely inadequate conditions, or both.

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Rackleff Confirmed as HUD Assistant Secretary for Community Planning and Development

Filed in Uncategorized by on August 4, 2017 0 Comments

The Senate has confirmed Neal Rackleff as HUD assistant secretary for Community Planning and Development. He will administer several key HUD programs in his new position.

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New Home Sales Slip in April

Filed in Economics by on May 23, 2017 0 Comments
New Home Sales Slip in April

After a strong start to the year, sales of newly built, single-family homes dropped for the first time in 2017, falling 11.4%. Sales numbers for the first three months of the year were all upwardly revised, and the March sales pace was the highest since October 2007.

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HUD Task Force to Tackle Excessive Regulation

Filed in Codes and Regulations, Multifamily by on May 15, 2017 3 Comments

Following up on President Trump’s recent directives designed to ease the burden of onerous and conflicting federal regulations, HUD today announced it is forming a task force to identify agency regulations that should repealed, replaced or modified – and get a better handle on the price tags, including recordkeeping costs, associated with each one.

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