The government is considering more restrictions on landlords. The White House announced that new measures to protect tenants are being prepared. The options being considered are intended to…
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HUD Awards Funding for 98 Public Housing Authorities
$24.7 million will provide affordable housing for thousands with disabilities. The Department of Housing and Urban Development (HUD) recently announced that $24.7 million in awards will be providing…
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HUD Seeks Feedback on Disaster Recovery Fund Usage
Secretary Fudge speaks about the update of the distribution process to increase equity and speed of recovery. The Department of Housing and Urban Development (HUD) recently announced it…
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November Home Sales Lower Than Expected
It is the sixth straight month of decline. The National Association of Realtors (NAR) reported that pending home sales fell 4 percent in November from the prior month.…
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Administration Establishes All-In Plan for Homelessness
Initiative to meet housing and basic needs. President Joe Biden’s administration announced a government-wide plan that intends to reduce homeless by 25 percent the 2025. The “All In”…
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FHA-insured Home Equity Conversion Mortgages Offer Flexibility
Grants homeowners relief on repaying reverse mortgage property charges. The Federal Housing Administration (FHA) has announced the implementation of the COVID-19 HECM Property Charge Repayment Plan. This plan…
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Federal Reserve Continues to Increase Interest Rates
Half a percent hike is the seventh this year. On Wednesday, the Federal Reserve again increased interest rates, by half a percentage point instead of the three-quarter percentage…
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U.S. Inflation Slowed in November
Dropped more than half a percent from October. The Consumer Price Index released this week shows inflation slowed in November, providing hope that interest rates and prices may…
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FHA Delivers Annual Report to Congress
COVID-19 funds were distributed to one million homeowners under mortgage insurance program. The Federal Housing Administration (FHA) recently released its annual report to Congress. Key to the report…
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HUD Preserves 113 Affordable Homes in Illinois
Designated as affordable rentals for low-income seniors. The Department of Housing and Urban Development made an agreement with the city of Joliet, Illinois, to preserve and renovate 113…
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