HUD on Friday submitted to the Federal Register a Final Rule, Restoring HUD’s Discriminatory Effects Standard, rescinding the Department’s 2020 rule governing Fair Housing Act disparate impact claims and restoring its 2013 discriminatory effects rule.
Tag: Marcia Fudge
HUD Restores ‘Discriminatory Effects’ Rule
HUD on Friday submitted to the Federal Register a Final Rule, Restoring HUD’s Discriminatory Effects Standard, rescinding the Department’s 2020 rule governing Fair Housing Act disparate impact claims and restoring its 2013 discriminatory effects rule.
HUD Proposes $73.3 billion Fiscal 2024 Budget
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.
HUD Proposes New Affirmatively Furthering Fair Housing Rule
HUD published a Notice of Proposed Rulemaking in the Federal Register to implement the Fair Housing Act’s affirmatively furthering fair housing mandate, which directs the government to promote fair housing choice, eliminate disparities in housing and foster inclusive communities. It replaces a previous policy discontinued by the Trump Administration.
HUD Increase Flood Insurance Options for FHA Mortgage Holders in Special Flood Areas
HUD on Monday announced it will allow homeowners with FHA-insured mortgage financing to obtain flood insurance policies that conform to FHA requirements from private insurance providers.
HUD Increase Flood Insurance Options for FHA Mortgage Holders in Special Flood Areas
HUD on Monday announced it will allow homeowners with FHA-insured mortgage financing to obtain flood insurance policies that conform to FHA requirements from private insurance providers.
MBA, Black Homeownership Collaborative Urge HUD to Reduce FHA Mortgage Insurance Premiums
The Mortgage Bankers Association and several trade associations representing the Black Homeownership Collaborative sent a letter to HUD Secretary Marcia Fudge this week urging the Department to make meaningful reductions to the annual Mortgage Insurance Premium and suspend life-of-loan requirements for borrowers with FHA-insured loans.
HUD Publishes Fiscal Year 2023 Fair Market Rents
HUD on Thursday published Fair Market Rents for fiscal year 2023.
Biden Administration Proposes $5.8T Fiscal 2023 Budget: Tax Hikes; Spending Increases; $72B for HUD
The Biden Administration on Monday submitted a record $5.8 trillion budge proposal for fiscal year 2023 to Congress, including a nearly $12 billion increase for HUD over fiscal 2022.
Administration Launches Reforms on Equity in Appraisals
The Biden Administration on Wednesday released an action plan targeting racial bias in the home lending and appraisal process and promoting wealth creation through homeownership.