The shutdown’s impact on FHA loans appears to be not as bad as originally thought. HUD’s Contingency Plan states that FHA will endorse new loans in the Single Family Mortgage Loan Program, but it will not make new commitments in the Multi-family Program during the shutdown. FHA will ma...
The silver lining the NAHB came away with is that upon it’s urging—and that of commenters—HUD extended the compliance dates for the new requirements. The effective date of the rule is May 28, 2024, but multifamily projects have 12 months to get on board; single-family homes have 18 ...
HUD established its office of Public Housing to help provide safe and decent rental housing for eligible low-income families as well as the elderly and people with disabilities. This includes access to single-family homes as well as housing in multi-unit properties. An estimated 1.2 million house...