FHA Extends Help for Maui County Homeowners Affected by Wildfires

If you live in Maui County, Hawaii, and you have a home loan insured by the Federal Housing Administration (FHA), there’s good news. The FHA is giving you more time to deal with your mortgage if your home was affected by the wildfires. You won’t have to worry about losing your home to foreclosure until […]

FHA Makes It Easier for Borrowers to Get Loans for Manufactured Homes

The Federal Housing Administration (FHA) recently changed some of its rules for appraisals of manufactured homes. These homes are certified under programs called Fannie Mae’s MH AdvantageTM and Freddie Mac’s CHOICEHome®. This means it’s easier for people to get FHA-insured mortgages for these homes. The FHA made these changes to help more people buy affordable […]

Owning a Home Becomes Tougher as Prices and Mortgage Rates Soar

According to the latest CNN news “Housing Market Records Lowest Affordability Levels Since 1984”. It’s becoming increasingly hard for people to buy homes due to high prices and rising mortgage rates.  Studies reveal that the cost of a median-priced home currently requires around 41% of the monthly income of the average household. At the moment […]

HUD Offers $212M for Disability Housing Expansion

The U.S. Department of Housing and Urban Development is giving $212 million to help people with disabilities find affordable homes. This money goes to a program called Section 811 Supportive Housing for Persons with Disabilities. It helps create, pay for, and offer support for rental housing that people with disabilities can use. HUD Secretary Marcia […]

HUD’s $75M Loan Guarantees for Community Projects

The U.S. Department of Housing and Urban Development (HUD) is giving a total of $75 million to some cities to help them with important projects. This money comes through a program called Section 108 Loan Guarantee. It will be used for projects that make communities better and give opportunities to people with low or moderate […]

HUD announced to give $16 million for the permanent housing of homeless veterans.

71 Public Housing Agencies (PHAs) around the country have received $16.1 million in HUD-Veterans Affairs Supportive Housing (HUD-VASH) vouchers from the U.S. Departments of Housing and Urban Development (HUD) and Veterans Affairs (VA). With the aid of these vouchers, homeless Veterans and their families can find long-term housing. HUD Secretary Marcia L. Fudge said, ‘We’re […]

New HUD Housing Counseling Program Handbook Aids Renters, Homebuyers, and Homeowners

For the first time since 2010, HUD has updated its Housing Counseling Program Handbook. As a result of this update, HUD’s housing counseling program can provide vital information to people seeking to buy, rent, or keep their homes, especially those living in low- to moderate-income communities and communities of color. It is the role of […]

HUD Grants $800K to Public Housing for Foster Youth Initiative

The U.S. Department of Housing and Urban Development (HUD) gave $800,000 to 18 public housing authorities (PHAs) in 12 states. They are providing 84 vouchers as part of the Foster Youth to Independence (FYI) program. This program helps young people aged 18-24 who are leaving foster care within 90 days or have recently left. The […]

HUD Backs $25M Loan Guarantee for Birmingham’s BIPOC Fund

HUD granted Birmingham, Alabama, $25.2 million through its loan guarantee program for the Community Development Block Grant Program, Section 108. Birmingham will use these funds to create a $25 million Loan Pool, offering affordable financing to businesses, nonprofits, and city departments. This initiative aims to bridge financing gaps, boost job creation, enhance affordable housing, and […]

FInd the Latest

Affordable Housing Updates

In Your Inbox

confirm your email

Your signup is almost complete! Please check your email for a confirmation message.