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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$1.4 Billion for Disaster Recovery Announced by HUD
13 state governments and 10 local governments still recovering from events in 2021. The Department of Housing and Urban Development (HUD) allocated $1.4 billion to their Community Development…
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VA Opens Homelessness Grants for Fiscal Year 2024
Three programs provide critical services to homeless veterans. The Department of Veterans Affairs (VA) has published three grant opportunities for the 2024 Fiscal Year. The Supportive Services for…
Read MoreHUD to Hold Young Adult Homeownership Meeting
Secretary Fudge will hold a virtual “house party” on November 1. Secretary of Housing and Urban Development (HUD) Marcia Fudge announced that she will be holding a virtual…
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HUD Awards $84 Million to Address Youth Homelessness
Programs include rehousing, transitional housing, and host homes. The U.S. Department of Housing and Urban Development (HUD) has awarded $84 million to create systems that end youth homelessness…
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