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HUD

HUD

U.S. Department of Housing and Urban Development (HUD) is the nation’s housing agency committed to increasing homeownership, particularly among minorities; creating affordable housing opportunities for low-income Americans; and supporting the homeless, elderly, people with disabilities and people living with AIDS. The Department also promotes economic and community development, and enforces the nation’s fair housing laws.

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Brian Sullivan
(202) 708-0685

HUD

Administration Proposes 2018 HUD Budget

The Administration proposed a Fiscal Year 2018 spending blueprint for discretionary programs in several agencies across the Federal Government, including the U.S. Department of Housing and Urban Development. The blueprint reflects the President’s commitment to support HUD’s critical functions that provide rental assistance to low-income and vulnerable households and to help work-eligible families achieve self-sufficiency. It also recognizes a greater role for State and local governments, and the private sector to address community and economic development nee
HUD

HUD AND CENSUS BUREAU ANNOUNCE NEW RESIDENTIAL CONSTRUCTION ACTIVITY IN FEBRUARY

The U.S. Department of Housing and Urban Development (HUD) and the Census Bureau jointly announced the following new residential construction statistics for February 2017
HUD

DR. BEN CARSON SWORN IN AS HUD SECRETARY

Dr. Ben S. Carson, Sr. was sworn in today as the 17th Secretary of the U.S. Department of Housing and Urban Development (HUD). Vice President Mike Pence administered the oath of office with Secretary Carson's wife Candy and granddaughter Tesora holding the bible. Secretary Carson will now lead a cabinet agency with approximately 8,000 employees and an annual budget totaling more than $40 billion
HUD

HUD AND CENSUS BUREAU ANNOUNCE NEW RESIDENTIAL SALES IN JANUARY 2017

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau today jointly announced the following new residential sales statistics for January 2017
HUD

HUD AND CENSUS BUREAU ANNOUNCE NEW RESIDENTIAL CONSTRUCTION ACTIVITY IN JANUARY

The U.S. Department of Housing and Urban Development (HUD) and the Census Bureau jointly announced the following new residential construction statistics for January 2017
HUD

HUD OFFERS GRANTS TO CLEAN UP LEAD-BASED PAINT HAZARDS

The U.S. Department of Housing and Urban Development has announced that it is making grants available to help eliminate dangerous lead-based paint hazards from lower income homes in order to protect young children. Additionally, this funding will provide an opportunity for local communities to establish and support programs to control other housing-related health and safety hazards
HUD

HUD AND CENSUS BUREAU REPORT NEW RESIDENTIAL SALES IN DECEMBER 2016

Sales of new single-family houses in December 2016 were at a seasonally adjusted annual rate of 536,000, according to estimates released jointly today by the Department of Housing and Urban Development and the U.S. Census Bureau. This is 10.4 percent (±12.2%)* below the revised November rate of 598,000 and is 0.4 percent (±11.7%)* below the December 2015 estimate of 538,000
HUD

HUD RELEASES COMPREHENSIVE ASSESSMENT OF HOUSING NEEDS OF AMERICAN INDIANS AND ALASKA NATIVES

American Indian tribes are building more housing units after enactment of the Native American Housing Assistance and Self-Determination Act of 1996 (NAHASDA) but housing conditions are substantially worse among American Indian households than other U.S. households.  These are some of the findings of three new comprehensive reports of tribal housing needs released today by the U.S. Department of Housing and Urban Development (HUD) and the Urban Institute.
HUD

HUD AND CENSUS BUREAU ANNOUNCE NEW RESIDENTIAL CONSTRUCTION ACTIVITY IN DECEMBER

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for December 2016
HUD

HUD ANNOUNCES $10 MILLION IN “SWEAT EQUITY” GRANTS

U.S. Department of Housing and Urban Development (HUD) Secretary Julián Castro today awarded $10 million in “sweat equity” grants to four non-profit self-help housing organizations through HUD’s Self-Help Homeownership Opportunity Program (SHOP). This funding will create at least 539 affordable homes and significantly lower their purchase price for low-income buyers, who will contribute their own labor toward the construction or rehabilitation of these units.
HUD

HUD AWARDS $33 MILLION TO HELP END YOUTH HOMELESSNESS

The U.S. Department of Housing and Urban Development (HUD) is awarding $33 million to build systems intended to end youth homelessness in ten local communities, including four rural areas. HUD's Youth Homelessness Demonstration Program (YHDP) will support a wide range of housing programs including rapid re-housing, permanent supportive housing, transitional housing, and host homes.
HUD

HUD ISSUES FINAL RULE TO HELP CHILDREN EXPOSED TO LEAD PAINT HAZARDS

In an effort to respond quickly when young children living in federally housing experience elevated levels of lead in their blood, the U.S. Department of Housing and Urban Development (HUD) today published a new rule lowering the Department's threshold of lead in the child's blood to match the more protective guidance of the Centers for Disease Control and Prevention (CDC).
HUD

HUD ANNOUNCES $15 MILLION TO TEST A NEW APPROACH TO HELP LOW-INCOME SENIORS AGE...

The U.S. Department of Housing and Urban Development (HUD) today awarded approximately $15 million to select owners of HUD-assisted senior housing developments to help their low-income senior tenants to age in their own homes and delay or avoid the need for nursing home care.  HUD will cover costs related to hiring a full-time Enhanced Service Coordinator and a part-time Wellness Nurse to connect the elderly with
HUD

HUD AND VA SECRETARIES JOIN DC MAYOR AND ADVOCATES TO OPEN NEW HOUSING FOR...

U.S. Housing and Urban Development (HUD) Secretary Julián Castro, U.S. Secretary of Veterans Affairs (VA) Robert A. McDonald and District of Columbia Mayor Muriel Bowser joined advocates and housing professionals today to open the John and Jill Ker Conway Residence, an architecturally striking apartment building with 60 units of permanent supportive housing for veterans exiting homelessness and 64 affordable and low-income units. The 124-unit mixed income building is among the first of its kind in the country to have full-time, onsite VA case managers.
HUD

FHA TO REDUCE ANNUAL INSURANCE PREMIUMS ON MOST MORTGAGES

As the nation’s housing market continues to improve, U.S. Housing and Urban Development Secretary Julián Castro today announced the Federal Housing Administration (FHA) will reduce the annual premiums most borrowers will pay by a quarter of a percent.  FHA’s new premium rates are projected to save new FHA-insured homeowners an average of $500 this year
HUD

HUD AND CENSUS BUREAU RELEASE AMERICAN HOUSING SURVEY RESULTS FOR 25 METRO AREAS

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau released the results of the 2015 American Housing Survey focusing on 25 metropolitan areas across the country. The data released today includes detailed information on everything from monthly housing costs, hunger, and neighborhood characteristics including crime and the prevalence of rodents and cockroaches. Read the 2015 American Housing Survey data by metro area.
HUD

U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, DEPARTMENT OF EDUCATION AND NONPROFIT PARTNERS LAUNCH...

In an effort to promote literacy and boost educational outcomes for kids in public housing across the country, the U.S. Departments of Housing and Urban Development (HUD) and Education (ED) are joining forces with the Campaign for Grade-Level Reading (GLR), the National Book Foundation (NBF) and the Urban Libraries Council (ULC) to launch the Book-Rich Environment (BRE) Initiative
HUD

HUD AWARDS $32 MILLION TO PROMOTE JOBS, SELF-SUFFICIENCY FOR PUBLIC HOUSING RESIDENTS

The U.S. Department of Housing and Urban Development (HUD) today awarded $32 million to public housing authorities, public housing resident associations, Native American tribes, and non-profit organizations across the nation to hire or retain service coordinators to help residents find jobs, educational opportunities, and achieve economic and housing independence (see list below)
HUD

HUD AND CENSUS BUREAU REPORT NEW RESIDENTIAL SALES IN NOVEMBER

Sales of new single-family houses in in November 2016 were at a seasonally adjusted annual rate of 592,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 5.2 percent (±14.1%)* above the revised October rate of 563,000 and is 16.5 percent (±19.3%)* above the November 2015 estimate of 508,000.
HUD

HUD AWARDS ADDITIONAL $1.8 BILLION TO HELP SIX STATES TO RECOVER FROM 2016 DISASTERS

U.S. Housing and Urban Development (HUD) Secretary Julián Castro today awarded an additional $1.8 billion to help Louisiana, West Virginia, Texas, North Carolina, South Carolina and Florida to recover after severe flooding events that occurred earlier this year. Provided through HUD’s Community Development Block Grant – Disaster Recovery (CDBG-DR) Program, these recovery funds will assist the most impacted communities that experienced the most serious damage to their housing stock.
HUD

HUD APPROVES FAIR HOUSING AGREEMENTS BETWEEN WYOMING LANDLORDS AND FAMILIES CLAIMING DISCRIMINATION

The U.S. Department of Housing and Urban Development (HUD) announced today two agreements between the owners and managers of Plainview Mobile Home Park in Casper, Wyoming, and two families who complained they were unlawfully denied the reasonable modifications they needed.
HUD

HUD AND VA ANNOUNCE ADDITIONAL FUNDING TO HELP MORE HOMELESS VETERANS IN RURAL AREAS...

In a continuing effort to help end veteran homelessness, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) today announce $2.9 million to local public housing agencies across the country to provide a permanent home to 529 veterans and their families who are experiencing homelessness in rural areas (see attached list below).
HUD

HUD AWARDS NEARLY $2 BILLION FOR LOCAL HOMELESS PROGRAMS

As part of the Obama Administration’s effort to prevent and end homelessness, the U.S. Department of Housing and Urban Development today awarded a record $1.95 billion in grants to nearly 7,600 homeless assistance programs across throughout the nation, including Puerto Rico, Guam, and the U.S. Virgin Islands. HUD’s Continuum of Care grants provide critically needed support to local programs on the front lines of serving individuals and families experiencing

HUD SECRETARY CASTRO, MAYOR DE BLASIO, AND T-MOBILE ANNOUNCE 5,000 FAMILIES IN BRONX PUBLIC...

Mayor Bill de Blasio and U.S. Department of Housing and Urban Development (HUD) Secretary Julián Castro today announced in partnership with T-Mobile that families living in public housing in the Bronx will receive 5,000 new tablet computers connected to T-Mobile’s high-speed data network. As part of this commitment, T-Mobile will also become a national stakeholder in the Obama Administration’s ConnectHome initiative. Beginning in January, the New York City Housing Authority (NYCHA) will distribute the tablets – valued at $159 each – to qualifying families with children under 19 years old.

HUD AND CENSUS BUREAU ANNOUNCE NEW RESIDENTIAL CONSTRUCTION ACTIVITY IN NOVEMBER

The U.S. Department of Housing and Urban Development (HUD) and the Census Bureau jointly announced the following new residential construction statistics for November 2016: Privately owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,201,000. This is 4.7 percent (±1.1%) below the revised October rate of 1,260,000 and is 6.6 percent (±2.6%) below the November 2015 estimate of 1,286,000.

HUD ANNOUNCES NEW HOUSING COUNSELING CERTIFICATION REQUIREMENTS

The U.S. Department of Housing and Urban Development (HUD) today announced it will require that housing counselors participating in HUD programs to be certified to offer counseling services to consumers. In order to become certified, housing counselors must pass a standardized written examination and work for a HUD-approved housing counseling agency (HCA).

HUD CHARGES UTAH LANDLORDS WITH DISCRIMINATING AGAINST RESIDENTS WITH DISABILITIES

The U.S. Department of Housing and Urban Development (HUD) announced today that it is charging the owner and manager of a Salt Lake City apartment complex with housing discrimination for allegedly violating the Fair Housing Act by denying the reasonable accommodation requests of residents with disabilities.

HUD AWARDS $132 MILLION TO FIVE COMMUNITIES TO REVITALIZE HOUSING, SURROUNDING NEIGHBORHOODS

U.S. Housing and Urban Development (HUD) Secretary Julián Castro today announced that five communities across the U.S. will receive more than a combined $132 million to redevelop severely distressed public or assisted housing and revitalize surrounding neighborhoods.

HUD AWARDS $2.5 MILLION TO HELP YOUTH LIVING IN PUBLIC HOUSING AFFORD COLLEGE AND...

To help low-income youthand their families apply for federal student aid for college and other post-secondary educational opportunities, the U.S. Department of Housing and Urban Development (HUD) today awarded approximately $2.5 million to nine Public Housing Authorities (PHAs) to hire "Education Navigators" to guide them through the application process.

HUD LAUNCHES NEW COMMUNITY INVESTMENT TOOL

The U.S. Department of Housing and Urban Development (HUD) today unveiled the Community Assessment Reporting Tool (CART) – an innovative reference and mapping tool created to help answer the question, "How is HUD investing in my community?" CART provides a snapshot of HUD investments across a community, cutting the time it takes to generate this information from several business days to minutes.

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MBA

Commercial/Multifamily Mortgage Debt Ends Year Strong, Despite CMBS Decline

The level of commercial/multifamily mortgage debt outstanding increased by $46.0 billion in the fourth quarter of 2016, as three of the four major investor groups increased their holdings.  That is a 1.6 percent increase over the third quarter of 2016.    On a year-over-year basis, the amount of mortgage debt outstanding at the end of 2016 was $162.0 billion higher than at the end of 2015, an increase of 5.8 percent.

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AGC

CONSTRUCTION EMPLOYMENT INCREASES IN 43 STATES IN LAST 12 MONTHS; FIVE...

Forty-three states added construction jobs between February 2016 and February 2017 while 39 states added construction jobs between January and February, according to an analysis by the Associated General Contractors of America of Labor Department data released today. Association officials noted that the despite the relatively widespread increase in construction employment, most states are still significantly below peak construction employment levels