HUD News in Review: June 3, 2022

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Here are the latest announcements by the U.S. Department of Housing and Urban Development:

HUD housing supply initiative launched

Date Posted: June 1, 2022

HUD’s Our Way Home initiative was launched earlier this week by Secretary Marcia L. Fudge.

According to HUD’s press release, “Our Way Home is a national initiative that uplifts the unique housing supply successes in local communities and connects cities, counties, Tribal communities, states, and U.S. Territories to the tools and resources needed to help preserve and produce affordable housing in their area.”

Secretary Fudge said about this initiative:

“For too long and in too many communities, housing supply has not kept up with the growing demand. It’s going to take government working at all levels to help close the housing supply gap. I am excited to launch Our Way Home, an initiative that will not only build on the momentum that’s already begun at the federal level, but will also put into focus the unique challenges and successes in communities when it comes to making sure we all find our way home.”

More information about the Our Way Home initiative can be found here.

20th Anniversary of National Homeownership Month Celebrated

Date Posted: May 31, 2022

The 20th anniversary of National Homeownership Month was celebrated by HUD and the Federal Housing Administration (FHA) last week.

HUD Secretary Marcia L. Fudge said about National Homeownership Month:

“Homeownership is a key source of wealth building and is often the foundation for one’s life. Unfortunately, the lack of affordable housing supply has placed homeownership out of reach for many people with low and moderate incomes, first-time homebuyers, and communities that have been historically and systemically locked out of homeownership. The Biden-Harris Administration has put forth the most comprehensive effort to close the housing supply shortfall in history, and we will continue to take action to address the barriers families are facing in today’s housing market.”

More information about National Homeownership Month can be found here.

Federal disaster assistance announced for KS

Date Posted: May 26, 2022

Federal disaster assistance has been announced for “the areas of Kansas affected by severe winter storms and straight-line winds from March 17 to March 22, 2022,” according to HUD’s press release.

State and local recovery efforts will be carried out in the Counties of Barton, Clark, Comanche, Edwards, Ellis, Ford, Graham, Gray, Hodgeman, Kiowa, Lane, Meade, Ness, Pawnee, Phillips, Rooks, Rush, Stafford, Trego, and Wallace, Kansas.

More information about disaster assistance for Kansas survivors can be found here.

Awards totaling $147M announced for American Indian and Alaska Native communities

Date Posted: May 26, 2022

A total of 83 awards were announced by HUD last week, which will altogether provide $147 million for affordable housing and community development projects in American Indian and Alaska Native communities.

“These funds are an important investment in Tribal communities that need it most,” HUD Secretary Marcia L. Fudge said.

More information about these awards for American Indian and Alaska Native communities can be found here.

Agreement announced resolving discrimination allegations

Date Posted: June 2, 2022

An agreement resolving allegations of discriminatory lending practices was announced yesterday by HUD.

The agreement between the National Community Reinvestment Coalition (NCRC) and Movement Mortgage LLC concerned discriminatory practices “based on race and national origin, in violation of the Fair Housing Act,” according to HUD’s press release.

HUD’s Principal Deputy Assistant Secretary for Fair Housing and Equal Opportunity Demetria L. McCain said about the agreement:

“This agreement reflects HUD’s commitment to ensuring that everyone has equal access to credit regardless of their race or national origin…It is imperative that lenders comply with fair housing laws. HUD will continue working to ensure that all applicants are treated equally.”

More information about the fair lending agreement can be found here.

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