U.S. Department of Housing and Urban Development

Amidst rising insurance and property management costs in America, HUD announced the latest change to help housing providers maintain affordable rents while keeping up with rising expenses. Read more: https://lnkd.in/ep-2MrQM

Today, we proudly announced the award of $225 million in competitive grant funding for 17 awardees with proposed projects across 26 states through the Preservation and Reinvestment Initiative for Community Enhancement (PRICE) program. PRICE is a first-of-its kind grant program – providing funding to preserve and revitalize manufactured housing and manufactured housing communities (MHCs) across the country, including rural, suburban, urban, tribal, and disaster impacted areas. Funding announced today will support low- and-moderate income homeowners and residents in manufactured units and MHCs with critical investments such as repairs and rehabilitation of existing homes, accessibility upgrades, infrastructure improvements, mitigation strategies to increase resilience, resident services including eviction prevention and housing counseling, and support with transitioning existing MHCs to resident-managed communities. Click through to learn more!

The funding announced today will support communities through repairs, infrastructure upgrades, homeowner assistance and creation of new homes. Read more about these awards: https://lnkd.in/dP7MVdHf

💫 News Release: Today, Ginnie Mae released its Fiscal Year 2024 Annual Financial Report, highlighting its financial results and demonstrating extraordinary performance in strengthening the U.S. housing finance market and ensuring more Americans have meaningful opportunities to achieve homeownership. Key Highlights: 📊 Maintained five consecutive years of unmodified audit opinion, reflecting our dedication to strong financial management and transparency. 📈 Achieved $423.4 billion in mortgage-backed securities gross annual issuance, growing our outstanding portfolio to $2.64 trillion—all with fewer than 300 employees, exemplifying exceptional operational efficiency. 📊 Generated $3.1 billion in results of operations, including $1.3 billion in contributions to the U.S. Government 🏡 Supported 1.2 million households, including servicemembers, veterans, and first-time homebuyers, spanning urban centers, rural areas, and Tribal communities. Discover how Ginnie Mae provides consistent access to affordable credit throughout all market cycles and delivers value to the taxpayers while expanding opportunities for homeownership. Read the full FY24 Annual Financial Report: https://ow.ly/h9lB50UsT2i.   #GinnieMae #HousingFinance #Homeownership 🏡🌟

Today, HUD awarded $12 million in grants to carry out affordable housing and community development activities for hard-working, low-income families in rural America.

HUD is hosting the 2024 ConnectHomeUSA Summit from December 10-12! ConnectHomeUSA is a vital resource in advancing digital access for HUD-assisted communities, and this hybrid event will bring together leaders from across America to discuss solutions for narrowing the digital divide. More info ➡️ https://lnkd.in/epjC-kjD

HUD has extended foreclosure moratoriums on Federal Housing Administration and HUD Office of Housing-insured single family mortgages for areas devastated by Hurricanes Helene and Milton. The moratoriums on foreclosures will remain in effect through April 11, 2025.

This funding will support community development, affordable housing, infrastructure, and community facilities for American Indian and Alaskan Native families living on Indian lands in the United States.

This week, HUD Agency Head Adrianne Todman and all of us at HUD are commemorating #WorldAIDSDay. We remember those who have lost their lives to this disease and renew our commitment to addressing the housing needs of those living with HID/AIDS across America.

TOMORROW: HUD’s Office of Small and Disadvantaged Business Utilization will host HUD’s 8th Annual IT Industry Day! Join virtually to hear from HUD’s leadership on their organization’s IT vision and acquisition needs: https://lnkd.in/edizYAs9