Tag Archives: Julia Gordon

Taking a look back at the significant milestones it has achieved, HUD continues to focus on expanding access to homeownership, supporting home retention, and addressing racial bias nationwide.

Proposed changes to the 203(k) Rehabilitation Mortgage Insurance Program have been drafted to expand FHA-insured mortgage financing for the purchase or refinance of single-family homes in need of repair or rehabilitation.

In its Annual Report to Congress for fiscal year 2023, the FHA detailed the work of its single-family mortgage insurance programs in fiscal year 2023, including updates on credit access, capital in the MMI Fund, and delinquency rates of mortgages in its portfolio.

New proposal seeks stakeholder feedback to ensure long-term viability for the HECM program and expanded availability for senior homeowners.

HUD Secretary Marcia L. Fudge said, “The Green and Resilient Retrofit Program continues to improve our nation’s climate resilience by making sure low-income families and individuals have access to affordable housing that is strong, healthy, and energy efficient.” Click through to learn more.

Three new appointees and three return to the committee that advises HUD on manufactured housing production, regulations, and administration of the Manufactured Housing Construction and Safety Standards Act.

The Department of Housing and Urban Development has funded an initial $18 million in grants to support energy efficiency and climate resilience in multifamily assisted housing properties as part of the Administration’s “Investing in America” agenda.

Change by the FHA facilitates greater flexibility for lenders when underwriting multifamily transactions up to $120 million, marking the first increase in the threshold since 2014.

The Supplemental Consumer Information Form is used during the mortgage application process, allowing borrowers to voluntarily identify language preferences and provide information on housing counseling and homeownership education they may have received.

HUD’s new office will administer the Department’s Manufactured Home Construction and Safety Standards, a code that establishes standards for the design and construction of manufactured homes to assure quality, durability, safety, and affordability.