Tag: HUD

NAHB Applauds Confirmation of Marcia Fudge as HUD Secretary

Filed in Advocacy by on March 10, 2021 1 Comment
NAHB Applauds Confirmation of Marcia Fudge as HUD Secretary

NAHB looks forward to working with the new HUD secretary to to address the urgent needs associated with the current COVID-19 pandemic while continuing to advance HUD’s mission of promoting affordable homeownership and rental housing opportunities for all Americans.

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Spending Bill Lays Out Funding Levels for Key HUD and USDA Programs

Filed in Advocacy, Housing Finance by on December 22, 2020 0 Comments
Spending Bill Lays Out Funding Levels for Key HUD and USDA Programs

The massive spending bill approved by Congress last night will fund the federal government through Sept. 30, 2021, and includes spending targets for key HUD and USDA programs.

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HUD Deputy Secretary: Expect Announcements Soon on Impending COVID Deadlines

Filed in Advocacy, Housing Affordability by on December 16, 2020 0 Comments
HUD Deputy Secretary: Expect Announcements Soon on Impending COVID Deadlines

HUD Deputy Secretary Brian Montgomery spoke with The Hill this week on housing affordability challenges and the impact of COVID as part of NAHB’s “Building the Dream” series.

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HUD Secretary Carson Terminates Affirmatively Furthering Fair Housing Rule

Filed in Codes and Standards by on July 23, 2020 7 Comments
HUD Secretary Carson Terminates Affirmatively Furthering Fair Housing Rule

U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced that HUD will terminate the Obama-era Affirmatively Furthering Fair Housing (AFFH) regulation issued in 2015.

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Senate Confirms Brian Montgomery as Deputy Secretary of HUD

Filed in Advocacy by on May 12, 2020 0 Comments
Senate Confirms Brian Montgomery as Deputy Secretary of HUD

Brian Montgomery has been confirmed as deputy secretary of the Department of Housing and Urban Development. As the second most senior official at HUD, Montgomery will manage the day-to-day operations of the agency and will advise and assist HUD Secretary Ben Carson in leading the department’s nearly 8,000 employees.

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HUD Allocates $1 Billion for Community COVID-19 Relief Efforts

Filed in Disaster Response by on May 12, 2020 0 Comments
HUD Allocates $1 Billion for Community COVID-19 Relief Efforts

The Department of Housing and Urban Development has announced the allocation of a third wave in CARES Act coronavirus relief funding totaling $1 billion through the Community Development Block Grant (CDBG) program.

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HUD Secretary Carson Updates NAHB Members on COVID-19 Housing Response

Filed in Disaster Response, Membership, Multifamily by on April 28, 2020 1 Comment
HUD Secretary Carson Updates NAHB Members on COVID-19 Housing Response

In an exclusive webinar for NAHB members, U.S. Housing and Urban Development Secretary Ben Carson and Federal Housing Commissioner Brian Montgomery today outlined specific measures the agency has implemented to battle the COVID-19 pandemic and lauded the efforts of NAHB during this outbreak.

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HUD Issues Guidance on Multifamily Mortgage Forbearance Under the CARES Act

Filed in Codes and Standards, Housing Finance, Multifamily by on April 14, 2020 0 Comments
HUD Issues Guidance on Multifamily Mortgage Forbearance Under the CARES Act

HUD has released two letters to provide guidance to borrowers and lenders during the COVID-19 pandemic. The first letter provides guidance for implementing the CARES Act multifamily mortgage forbearance provisions for FHA-insured multifamily loans. The second letter is a separate guidance to mitigate risks for FHA insured Section 223(f) refinancing loans.

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HUD Issues Mortgage Relief for FHA Single-Family Home Owners

HUD Issues Mortgage Relief for FHA Single-Family Home Owners

Effective April 1 for borrowers with a financial hardship that makes them unable to pay their mortgage due to the outbreak, mortgage servicers must extend deferred or reduced mortgage payment options — called forbearance — for up to six months, and must provide an additional six months of forbearance if requested by the borrower.

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HUD, Fannie Mae and Freddie Mac Suspend Foreclosures and Evictions

Filed in Housing Finance by on March 18, 2020 0 Comments
HUD, Fannie Mae and Freddie Mac Suspend Foreclosures and Evictions

President Trump announced today that he has directed the Department of Housing and Urban Development to suspend foreclosures and evictions for mortgages insured by the Federal Housing Administration through the end of April. Fannie Mae and Freddie Mac will also follow suit and suspend foreclosures and evictions for at least 60 days.

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