Today we appointed seven new and returning members to serve on the Manufactured Housing Consensus Committee, a Federal Advisory Committee supporting HUD on manufactured housing construction and safety standards, procedural and enforcement regulations, and installation standards pertaining to manufactured housing: https://lnkd.in/e8rrr9kp
Federal Housing Administration and HUD Office of Housing
Insurance
Washington, DC 42,613 followers
About us
The U.S. Department of Housing and Urban Development's Office of Housing plays a vital role for the nation's homebuyers, homeowners, renters, and communities through its nationally administered programs. The Office of Housing includes the Federal Housing Administration (FHA) one of the largest mortgage insurers in the world with an active insurance portfolio of over $1.3 trillion for mortgages on single family and multifamily properties and healthcare facilities. The Office also: -Administers HUD's Manufactured Housing program, which oversees federal standards for the design and construction of manufactured homes across the country; -Encourages recapitalization of the nation's aging affordable housing stock through programs such as the Rental Assistance Demonstration; -Manages HUD’s Multifamily Project-Based Rental Assistance and other rental assistance programs, which provide support for low and very low income households; -Supports Section 202 Housing for the Elderly and Section 811 Housing for Persons with Disabilities programs, which provide affordable housing for some of the nation's most vulnerable populations; -Facilitates housing counseling assistance through HUD's Office of Housing Counseling; and -Executes robust asset sale programs to facilitate participation by mission-oriented non-profit organizations and units of local government.
- Website
-
https://www.hud.gov/federal_housing_administration
External link for Federal Housing Administration and HUD Office of Housing
- Industry
- Insurance
- Company size
- 1,001-5,000 employees
- Headquarters
- Washington, DC
- Type
- Government Agency
- Founded
- 1934
- Specialties
- Mortgage insurance for eligible single family home mortgages originated by FHA-approved lenders., Mortgage insurance for mortgages on hospitals, skilled nursing, and assisted living facilities originated by FHA approved lenders, Administration of subsidized housing programs that provide rental assistance to low-income families, the elderly, and those with disabilities., Preservation and recapitalization of assisted affordable housing through the Rental Assistance Demonstration., and Mortgage insurance for mortgages on eligible multifamily properties originated by FHA-approved lenders.
Locations
-
Primary
Get directions
451 7th St. S.W.
Washington, DC 20410, US
Employees at Federal Housing Administration and HUD Office of Housing
Updates
-
Today we published our updated set of permanent options for mortgage servicers to help borrowers with FHA-insured single-family mortgages keep their homes or otherwise avoid foreclosure when they fall behind on their mortgage payments. The options, commonly referred to as FHA’s loss mitigation “waterfall,” build off and update the temporary options FHA implemented during the COVID-19 pandemic: https://lnkd.in/ewp9fq4i
-
-
Today, HUD awarded nearly $137 million in grants to increase affordable housing and supportive services for seniors and persons with disabilities. These funds support the creation and repair of rental homes, provides rental assistance, and connects tenants with vital resources. The funds will be allocated in two ways: (1) $97 million will fund non-profit organizations to support new development or rehabilitation of affordable multifamily homes and rental assistance for seniors, and (2) $40 million will help increase the availability of service coordinators who connect seniors and persons with disabilities with critical resources. View the list of award recipients in this press release: https://lnkd.in/enEMtkss
-
-
FHA’s newly revised Single Family underwriting guidance will allow rental income from individuals renting space inside a borrower’s home to be included as part of FHA qualification when the borrower has 12 months of history of receiving this income: https://lnkd.in/e4PsSbPg
-
-
HUD recently closed a $60.2M Rental Assistance Demonstration (RAD) Transaction in Atlanta, GA, to revitalize affordable rental homes at Cosby Spear Highrise. This transaction supports the development of 282 new units, preserving and rehabilitating the existing affordable public housing for low-income individuals and families within the area. After the renovations were completed, the property will feature modern amenities and energy-efficiency improvements. Learn more: https://lnkd.in/eJ9cHk7J
-
-
Our FHA Multifamily policy announced today creates a new category of mortgages FHA will insure on properties where at least 50 percent of the rental homes are targeted to individuals and families with incomes at or below 120 percent of the Area Median Income: https://lnkd.in/ejn2qUR6
-
-
Changes announced today for the FHA Multifamily program decrease the required debt service coverage ratios (DSCRs) and increase the maximum allowable loan-to-value/loan-to-cost (LTV/LTC) ratios for mortgages on properties that offer rent-assisted affordable rental homes: https://lnkd.in/ega9nuDd
-
-
We’ve completed our Single Family Defect Taxonomy used for Title II mortgage program servicing loan reviews. The Servicing Defect Taxonomy provides greater transparency regarding FHA’s servicing loan review process, especially around FHA’s assessment of the severity of errors or non-compliance with its mortgage servicing policies: https://lnkd.in/eCdkuxV2
-
-
We recently announced our 2025 operating cost adjustment factors (OCAFs) to help housing providers address the challenges of rising property management expenses and escalating insurance costs. The OCAFs will also ensure that rental rates are stable and affordable for residents. Additionally, we’re asking for feedback on the calculation methodology used to determine the 2025 OCAFs by January 11, 2025. Learn more and read instructions on how to submit feedback in today's press release: https://lnkd.in/ep-2MrQM
-
-
Today we’ve posted for feedback our proposed Optional Reimbursement of Claim Alternative. This draft policy is intended to support lender liquidity by allowing servicers to receive reimbursement of tax and insurance advances earlier in the process. Access the draft: https://lnkd.in/euKqdwf
-