ADUs could remedy America’s housing crisis, but obstacles remain
Accessory dwelling units (ADUs) still need to overcome major hurdles, such as determining appraisal values and underwriting concerns.
Government Lending
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VA’s John Bell III stepping into new role at Office of Mission Support
Patrick Zondervan, who has been at the VA for nearly 25 years, succeeds Bell as the executive director for the Loan Guaranty Service.
HUD offers foreclosure relief to Texans saddled by floods
The 90-day moratorium bars foreclosures on FHA-insured mortgages in Kerr County’s federally declared disaster area.
FHA seeks input on buy now, pay later lending
The Federal Housing Administration (FHA) has opened a request for information on buy now, pay later (BNPL) lending as it seeks to understand its implications for housing affordability and stability.
FHA rescinds 12 policies as Trump administration pushes to cut red tape
Scott Turner, the secretary of the U.S. Department of Housing and Urban Development (HUD), which oversees the FHA, said in a statement that the rescissions are “bold, necessary and long overdue.”
HUD approves Asheville’s hurricane recovery plan after initial objection over DEI
The city’s $225M recovery plan, initially rejected by HUD over DEI concerns, is one step closer to being fulfilled.
HUD secretary open to withholding federal funding from cities over homelessness
Turner said that withholding federal funds from cities failing to show progress on homelessness “may be a good idea.”
HUD reinstates nonprofit’s affordable housing grants after appeal
The restored Community Compass and Distressed Cities agreements allow the Cleveland-based nonprofit to resume work supporting communities facing economic hardship.
Trump administration eyes deep cuts to Section 8 housing vouchers
According to The New York Times, the Trump administration is considering dismantling existing aid and replacing it with state-run grants.
HUD’s Innovative Housing Showcase is returning to DC in 2025
This year, the showcase is tied to the 250th anniversary of the U.S. and an executive order issued by President Donald Trump on plans for a “grand celebration” of the milestone.