HUD on Monday submitted a $73.3 billion fiscal 2024 budget, an increase of $1.1 billion from the current fiscal 2023 enacted funding level, including $104 billion for new mandatory affordable housing investments.
Tag: HUD
Commercial/Multifamily News Briefs Nov. 10, 2022
News in brief from HUD, Strawberry Fields REIT, Aeon Investments.
HUD Requests Public Input About its Green and Resilient Retrofit Program
On Monday, HUD released a Request for Information in public inspection form to obtain input regarding its Green and Resilient Retrofit Program.
HUD Publishes Fiscal Year 2023 Fair Market Rents
HUD on Thursday published Fair Market Rents for fiscal year 2023.
Multifamily Gives Positive Edge to March Housing Starts
Housing starts improved slightly in March, thanks to a bump in multifamily starts, HUD and the Census Bureau reported Tuesday.
Personnel News From HUD, Arbor Realty Trust, CBRE, Berkadia
HUD Deputy Assistant Secretary Ethan Handelman announced Willie Fobbs joined HUD as Director of HUD’s Multifamily Office of Production.
HUD: Without New Housing Supply, Cost Burdens to Increase
HUD released its latest research on innovative strategies being pursued by state and local governments to remove regulatory barriers to affordable housing and increase housing supply, while cautioning that without “significant” news housing, cost burdens are likely to increase.
MBA, Trade Groups Urge HUD to Address FHA Affordable Housing Delays
The Mortgage Bankers Association and a dozen industry trade groups urged HUD to address “severe processing delays” that are impeding financing of affordable housing in the Federal Housing Administration multifamily and healthcare programs.
CMF News Briefs From HUD, Freddie Mac
HUD on Tuesday announced it is allocating $689,565,492 through the nation’s Housing Trust Fund for affordable housing.
Dealmaker: Walker & Dunlop Arranges $67 Million Construction Loan
Walker & Dunlop, Bethesda, Md., structured $67.2 million in financing to construct Shoma Village Apartments, a Class A mixed-use property with 304 apartment units and 11,625 square feet of retail in Hialeah, Fla.