Government

According to Ginnie Mae, August 2023’s new mortgage-backed securities issuance has supported the financing of more than 123,000 households, including 59,000 of that number comprised of first-time buyers.

The Senate Banking Committee will host a panel of experts who will share ideas on how to bolster the nation’s housing inventory, as buyers seek more options in an increasingly shrinking marketplace.

Michael J. DeVito will move on from the role of CEO in the first quarter of 2024, as the GSE is set to begin its search for a successor to the position.

Fannie Mae’s Home Purchase Sentiment Index revealed that home-selling and homebuying sentiments are up year-over-year, a welcome sign that raised the index as a whole by 4.9 points.

After Hurricane Idalia hit the southeastern U.S., President Biden declared that a major disaster exists in Florida, having ordered federal aid to supplement state, tribal, and local recovery efforts in areas impacted by the storm.

The Department’s latest round of Choice Neighborhoods Implementation Grants will be used to transform public and other HUD-assisted housing while investing in surrounding neighborhood and resident services.

Twenty-two awards, totaling approximately $128 million, have been awarded by HUD to Tribal communities nationwide for the construction of new housing units and increase affordable options for low-income Native American families.

The U.S. Department of Housing and Urban Development announced a 12% increase in Fair Market Rents across the U.S., in addition to making $113 million available in Housing Choice Vouchers to public housing agencies to help families meet rising housing costs.

HUD issues more than $24 million in resources to assist organizations with funding to fight housing discrimination and help build fair and inclusive communities nationwide.

Research from the Harvard Joint Center for Housing Studies suggests that local governments can contribute to assistance in funding home improvements as part of the response to the nationwide housing shortage.