They leave the door open for future rate hikes. The Federal Reserve determined to keep its benchmark interest rate at about 5.4 percent this past week, the highest…
Read MoreHousing
Senators Seek to Strengthen AI Federal Guidance
New bipartisan legislation would codify safety standards for federal agencies. Senator Mark Warner of Virginia and Senator Jerry Moran of Kansas introduced a bill this week that would…
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Commerce Department Reports Boost in New Home Sales
Home builders work to fill the demand created by the housing shortage. The Commerce Department released its housing report last week, documenting heightened sales of newly built houses…
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White House Plans Conversion of Commercial Buildings to Housing
High vacancy rates in large downtown buildings offer affordable residential opportunities. President Biden’s administration has proposed that commercial buildings with high vacancy rates in urban areas be converted…
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Treasury Secretary Speaks at Annual Freedman’s Bank Forum
Attendees seek solutions to eliminate discrimination in banking, housing, and lending. The Department of the Treasury hosted the 2023 Freedman’s Bank Forum last week. The gathering included state…
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HUD and VA Award $16 Million for Permanent Veteran Housing
The department will distribute housing vouchers to homeless veterans. The Department of Housing and Urban Development (HUD) announced with the Department of Veterans Affairs that they have awarded…
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FTC Joins Consumer Financial Protection Bureau in Credit Information Appeal
The case involves how disputed credit information should be handled under the Fair Credit Reporting Act. The Consumer Financial Protection Bureau (CFPB) was joined by the Federal Trade…
Read MoreFTC Permanently Bars Roomster Over Fake Reviews
Consumers were defrauded by the company offering fictitious listings. The Federal Trade Commission (FTC) has reached a settlement permanently prohibiting Roomster Corp. and its owners from purchasing or…
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HUD Invests in Lead Hazard Reduction
The funding goes toward the removal of lead paints and lead pipes from older homes. The Department of Housing and Urban Development (HUD) has released $140 million to…
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HUD Announces Waivers for Hawai’i Wildfire Recovery
The funding allows new construction, renter flexibility, and housing for displaced people. The Department of Housing and Urban Development (HUD) announced a number of housing waivers they are…
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