The U.S. Department of Housing and Urban Development and Zillow are teaming up to expand homeownership for a new generation of buyers. Alongside a series of new actions expanding housing counseling services, HUD tapped Zillow to display ads for its “Let’s Make Home the Goal” campaign on its digital platforms. The campaign is a multi-year…
The White House allocated new funding for local homebuilding and announced new opportunities to win grants. HUD’s Pathways to Removing Obstacles to Housing program has received $100 million in grant funding to be distributed nationwide. Communities will use the grants to identify and remove barriers to affordable housing production and preservation, including developing, evaluating, and…
By KIMBERLEY HAAS The number of down payment assistance programs is growing nationally and industry leaders say more work needs to be done to make homeownership accessible in today’s tough market. In July, Down Payment Resource published its Q2 2024 Homeownership Program Index Report, which shows that there are now 2,415 programs being tracked by…
Leaders at Rocket Companies are speaking out after being charged with discrimination by the U.S. Department of Housing and Urban Development. According to officials at HUD, a Black homeowner in Denver who was refinancing her property alleges that appraiser Maksym Mykhailyna with Maverick Appraisal Group and the appraisal management company Solidifi undervalued her property due…
The Department of Housing and Urban Development, through the Federal Housing Administration, updated policies for its 203(k) Rehabilitation Mortgage Insurance Program. Officials say the updates modernize and enhance the program for homeowners looking to affordably finance home renovations and rehabilitations when purchasing or refinancing. Assistant Secretary for Housing and Federal Housing Commissioner Julia Gordon and…
The Federal Housing Administration is celebrating its 90th birthday, and its impact on U.S. housing and finances has been widespread. The FHA was created in 1934 by the National Housing Act as a way to help restructure the financial system during the Great Depression. Its goal was to improve housing standards, provide a method of…
New home sales tanked last month, falling to their slowest pace since November. That’s according to data from the U.S. Census Bureau and the Department of Housing and Urban Development, which reported sales plunging by 11.3% to a seasonally adjusted annual rate of 619,000 in May, down from the month priors’ revised rate of 698,000….
The Department of Housing and Urban Development’s (HUD) Office of Housing Counseling is expanding services for Tribal communities. A new final rule outlines the requirements for gaining a housing counselor certification related to the Indian Housing Block Grant (IHBG) and Indian Community Development Block Grant (ICDBG). The new rule creates a new category of certified…
By KIMBERLEY HAAS Officials at the U.S. Department of Housing and Urban Development have reached an agreement with Rocket Mortgage after the company allegedly denied a loan to a couple hoping to buy a home on tribal land. According to a press release, the single-family home was located within the boundaries of the Flathead Indian…
The White House and HUD announced funding for urgently needed affordable housing and community development. More than 1,000 communities will receive $5.5 billion in grants. The money will go toward various housing-related areas, including resources for homebuilding, supporting renters and homeowners, and assistance for the homeless. “Homeownership is an essential part of the American Dream…
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