DEI

Reductions in the Section 184 Indian Home Loan will make homeownership more affordable and accessible for Native American families by saving an average of $500 in the first year on mortgage payments through fee reductions.

The Department kicks off the month of June by focusing its attention on the importance of creating and maintaining a healthy home by addressing home-based hazards, including reducing moisture and mold, and maintaining indoor air quality.

HUD has planned a number of events throughout the month, including the launch of the Housing Counseling Awareness Campaign and House Party 2.0, highlighting the benefits of housing counseling and efforts to close the racial homeownership gap.

The Five Star Institute is set to present a webinar discussing the landscape of the mortgage industry over the next 12 months, including a possible rise in home equity loans, a decrease in savings, increased credit card usage, and overall consumer weariness, among other topics.

New capabilities will assist lenders in calculating income more quickly and precisely, thus reducing risk and helping serve more qualified borrowers.

HUD’s Affirmatively Furthering Fair Housing Rule seeks to provide for more robust community engagement, streamline processes for funding recipients, and provide greater transparency.

HUD will introduce rulemaking, establish a process for individualized assessments, and outline guidelines for public housing authorities to remove barriers to safe, affordable housing for people with criminal records.

To further the Biden Administration’s commitment to addressing the nation’s homelessness crisis, HUD has issued $2.8 billion in Continuum of Care Competition Awards for thousands of local homeless service and housing programs across the U.S.

The Department’s Choice Neighborhoods Implementation Grants will assist in the redevelopment of severely distressed HUD-assisted properties into mixed-income communities nationwide.

Dean Kelker of SingleSource Property Solutions discusses appraisal modernization, and what lies ahead for the valuation industry.