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HUD to update manufactured home definition, cut requirements

Housing affordability, HUD, Industry News, Politics and policy /

The U.S. Department of Housing and Urban Development is looking to update the definition of a manufactured home and support opportunities for multistory manufactured housing. Processing Content Under the proposed rule published in the Federal Register Friday, the new definition of a manufactured home, as mentioned in the Manufactured Home Construction and Safety Standards, also […]

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HUD seeks data on robotics-built homes, automated permitting

Housing affordability, HUD, Industry News, Politics and policy /

The U.S. Department of Housing and Urban Development opened two funding opportunities worth a combined $13 million aimed at increasing efficiency and reducing costs. Processing Content The larger funding opportunity, worth $10 million, focuses on tests that leverage advanced robotics and artificial intelligence to accelerate the manufacturing of factory-built housing and offsite components. The second

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HUD pilots robotics-built housing and automated permitting

Artificial Intelligence, Construction, Homebuilders, HUD, HWmember, Technology, The Builder's Daily /

A pair of ultra-modest, little-noticed funding opportunities from the U.S. Department of Housing and Urban Development may signal a new strategy taking shape in Washington. The Builder’s Daily has learned that HUD recently opened applications for two new demonstration programs totaling $13 million that target two of the industry’s chronic obstacles to delivering housing at

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HUD seeks feedback on FHA minimum property requirements

Appraisals, Federal Housing Administration, HUD, HWmember, Mortgage, Mortgage Bankers Association, NRMLA, Regulatory, Reverse /

The U.S. Department of Housing and Urban Development (HUD) is seeking public feedback on whether the Federal Housing Administration (FHA)’s property requirements for single-family homes should be updated to better reflect current market conditions and reduce barriers to homeownership. In a request for information (RFI) published in the Federal Register, HUD said it is reviewing

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Former DC housing official pleads guilty to mortgage fraud

Department of Veterans Affairs, HUD, HWmember, Legal, Mortgage, Mortgage Fraud, Washington, D.C. /

A former employee of the District of Columbia Housing Authority who later became a real estate developer has pleaded guilty to federal charges — stemming from a yearslong scheme to secure millions of dollars in financing from private mortgage lenders. The announcement was made by the office of Jeanine Pirro, the U.S. Attorney for the

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NALHFA: HUD cuts would worsen housing affordability challenges

Affordability, Homebuilders, Homelessness, Housing Market, HUD, HWmember, Politics, Regulatory, Rental Assistance, Trump administration /

Affordable housing advocates are warning that proposed reductions to several key U.S. Department of Housing and Urban Development (HUD) programs could make it harder for communities to address persistent affordability challenges and expand housing supply. The National Association of Local Housing Finance Agencies (NALHFA), which represents state and local agencies that finance affordable housing developments,

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FHA seeks feedback on how to improve property standards

FHA, HUD, Politics and policy, Regulation and compliance /

The Federal Housing Administration is seeking feedback on its current single family minimum property requirements, after the Mortgage Bankers Association and others nudged the agency earlier this month.  Processing Content The FHA published a request for information in the Federal Register Friday, looking for stakeholder comment on how to improve and modernize standards that have

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HUD urges states to cut fees, simplify codes and fast-track permits 

homebuilder, Homebuilders, Housing Policy, HUD, HWmember, Policy, The Builder's Daily /

On Wednesday, the U.S. Department of Housing and Urban Development (HUD) released a detailed deregulation roadmap aimed at state and local governments that, it argues, could lower per-unit costs and shorten cycle times for homebuilders. HUD’s new “State and Local Best Practices for Home Construction” report offers a set of recommended policy changes that target

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HUD audit warns 1,237 reverse mortgage accounts may run out

Flood insurance, HECM, Homeowners insurance, HUD, HWmember, Mortgage, Property Tax, Reverse, Reverse Mortgage Daily /

An audit from the U.S. Department of Housing and Urban Development (HUD)’s Office of Inspector General (OIG) found that more than 1,200 reverse mortgage borrowers could exhaust funds set aside to pay property taxes and insurance years earlier than expected, potentially exposing HUD to hundreds of millions of dollars in losses. The audit, released May

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NAR says policies already align with new HUD stance on sharing school, crime data

Fair Housing, HUD, HWmember, National Association of Realtors, Real Estate, Real Estate Agents /

The National Association of Realtors (NAR) says its existing policies already align with new federal guidance allowing agents to discuss neighborhood crime rates and school quality without violating the Fair Housing Act’s prohibition on racial steering. The Department of Housing and Urban Development (HUD) announced the new guidance last week, reversing Biden-era policies that led

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