Tag: HUD

Executive Order on Reducing Poverty Could Impact Housing Programs

Filed in Codes and Regulations, Multifamily by on April 13, 2018 0 Comments
Executive Order on Reducing Poverty Could Impact Housing Programs

On April 10, President Trump released an executive order, “Reducing Poverty in America by Promoting Opportunity and Economic Mobility,” that is designed to guide agencies that administer public assistance programs to effectively reform the welfare system.

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HUD Allots $28 Billion for Disaster Recovery in U.S. and Puerto Rico

Filed in Disaster Response, Multifamily by on April 10, 2018 0 Comments
HUD Allots $28 Billion for Disaster Recovery in U.S. and Puerto Rico

HUD announced that nearly $28 billion will go to support long-term disaster recovery efforts in nine U.S. states, Puerto Rico and the U.S. Virgin Islands. The funds represent the largest single amount of disaster recovery assistance in HUD’s history.

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Congress Approves $1.3 Trillion Spending Package

Filed in Capitol Hill by on March 22, 2018 1 Comment
Congress Approves $1.3 Trillion Spending Package

Congress has approved a $1.3 trillion spending bill that will fund the federal government through the end of the current fiscal year, which expires Sept. 30. The sweeping appropriations legislation includes several areas of interest to the housing community.

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HUD Allocates Disaster Recovery Funds

Filed in Disaster Response, Multifamily by on February 16, 2018 0 Comments
HUD Allocates Disaster Recovery Funds

The Department of Housing and Urban Development has released its policies regarding how it will allocate $7.39 billion in Community Development Block Grant disaster recovery funds provided by the 2017 Supplemental Appropriations for Disaster Relief.

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Trump’s Fiscal 2019 Budget Seeks 14% Cut to HUD

Filed in Capitol Hill, Labor, Safety and Health by on February 12, 2018 2 Comments
Trump’s Fiscal 2019 Budget Seeks 14% Cut to HUD

President Trump’s proposed fiscal 2019 budget, which runs from Oct. 1, 2018 through Sept. 30 2019, would cut the HUD budget 18.3%, or $8.8 billion, to $39.2 billion.

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HUD Delays Enforcement of Assessment of Fair Housing Plans Until 2020

Filed in Codes and Regulations by on January 5, 2018 0 Comments

HUD published a notice in the Federal Register today extending the deadline for local governments to submit an Assessment of Fair Housing until Oct. 31, 2020. Under HUD’s Affirmatively Furthering Fair Housing rule, local governments must submit these plans to proactively identify barriers to fair housing choice and to ensure that their practices and policies do not promote racial segregation.

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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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