President Trump unveiled his fiscal 2018 budget plan today that proposes sharp increases to defense spending along with corresponding cuts to scores of non-defense discretionary programs. Notably, the administration puts HUD’s funding at $40.7 billion, down $6.2 billion or 13.2% from the $46.9 billion in 2017.
NAHB sent a letter to HUD Secretary Ben Carson on March 9 urging the secretary to reinstate previously announced premium reductions on FHA-insured mortgages that were due to go into effect on Jan. 27, 2017 but suspended by the Trump administration.
The Senate today voted to confirm Dr. Ben Carson to lead the U.S. Department of Housing and Urban Development. NAHB has been a strong proponent of Dr. Carson, and immediately following the vote NAHB Chairman Granger MacDonald issued the following statement: “NAHB congratulates Dr. Ben Carson on becoming the nation’s 17th HUD secretary. Dr. Carson […]
At his Senate confirmation hearing Jan. 12 to be secretary of the Department of Housing and Urban Development (HUD), Dr. Ben Carson laid out his vision for housing. NAHB was among the first groups to come out in support of Carson when he was nominated for the post by President-elect Trump last month. 2016 NAHB […]
NAHB is urging members and HBAs to voice your concerns with a new HUD floodplains management proposal that fundamentally threatens access to FHA mortgage insurance programs for single-family home buyers and multifamily builders.
HUD today published a final rule to use Small Area Fair Market Rents (Small Area FMRs) in place of the current 50th percentile rent for certain metropolitan areas. Small Area FMRs are based on U.S. Postal Service ZIP codes rather than an entire metropolitan area.
HUD has proposed new floodplain development rules that threaten access to FHA financing for single- and multifamily builders and rely on floodplain maps that haven’t been drawn yet.
HUD today published its final rule, “Retrospective Review– Improving the Previous Participation Reviews of Prospective Multifamily Housing and Healthcare Programs Participants.” HUD requires applicants who wish to participate in the multifamily and healthcare programs administered by its Office of Housing to be subject to a review of their previous participation in HUD and certain other multifamily programs.