Community Development

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HUD Announces New Critical Investments in our Nation’s Public Housing

On May 6, 2024, the U.S. Department of Housing and Urban Development (HUD) awarded $3.17 billion in Public Housing Repair funding to 2,756 public housing authorities (PHAs) in all 50 states as well as the District of Columbia, Guam, Puerto Rico, and the U.S. Virgin Islands to make capital investments to their public housing stock. Specifically, PHAs can utilize this funding for the development, financing, modernization, and management improvements of public housing developments. All of the grants are announced by state in this list.  Click the title to learn more.

HUD Issues Fair Housing Act Guidance on Applications of Artificial Intelligence

On May 2, 2024, the U.S. Department of Housing and Urban Development (HUD) released two guidance documents addressing the application of the Fair Housing Act to two areas in which the use of artificial intelligence poses particular concerns: the tenant screening process and its application to the advertising of housing opportunities through online platforms that use targeted ads. Today’s announcement is in accordance with President Joe Biden’s Executive Order, which called on HUD to provide guidance to combat discrimination enabled by automated or algorithmic tools used to make decisions about access to housing and in other real estate-related transactions. Click the title to learn more.

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HUD Announces Nearly $90 Million to Make Low-income Families’ Homes Safer and Healthier

On May 2, 2024, the U.S. Department of Housing and Urban Development (HUD) announced nearly $90 million available to reduce residential health hazards for low-income families, including lead-based paint hazards, carbon monoxide, mold, radon, fire safety, and asbestos, advancing President Biden’s Lead Pipe and Paint Action Plan. With this investment, since 1993, HUD has made more than $3.5 billion available to protect children, families, and individuals from exposure to lead and other hazards in their homes. Click the title to learn more.

HUD Issues New Guidance to Protect Borrowers from Appraisal Bias

On May 1, 2024, the U.S. Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), announced a major new step in the Department’s work to protect borrowers from racial or ethnic bias in home appraisals. FHA’s new requirement for lenders participating in its Single Family program will enable borrowers to request a re-assessment of the appraised value of their property if they believe that the appraisal was inaccurate or biased. The Reconsideration of Value policy represents months of collaboration with the Federal Housing Finance Agency to develop an aligned approach for both FHA-insured mortgages and those purchased or guaranteed by Fannie Mae and Freddie Mac. Click the title to learn more.

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Fact Sheet: HUD Prioritizes Resilient, Efficient, and Green Homes and Community Development

On April 25, 2024, the U.S. Department of Housing and Urban Development (HUD) announced that it is improving the lives of the families and communities that HUD serves by reducing energy and insurance costs and improving resilience. As the nation drives toward a clean energy and carbon free future, HUD is ensuring that low-income and historically disadvantaged communities are part of the transformation – sharing in the economic and health benefits these actions provide. Click the title to learn more.