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Archive November 2024

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HUD Agency Head Stressed the Importance of Long-Term Aid for Disaster Impacted Communities at Senate Hearing

The Honorable Adrianne Todman made the case for disaster recovery funding to rebuild housing.

 

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Trump Nominates Bessent to Lead Treasury, Turner as HUD Secretary

The President-elect nominated Scott Bessent as Secretary of the Treasury and Scott Turner as Secretary of Housing and Urban Development.

 

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Calendar Year 2025 Revised Amounts and Passbook Rate

A change was announced in the Multifamily Housing Passbook Savings Rate (0.45%), used to determine imputed income from net family assets for tenant certifications with an effective date on or after January 1, 2025.

 

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NAHMA Educational Foundation Awards 118 Scholarships

The NAHMA Educational Foundation has selected 118 student residents to receive scholarships this year. Each scholarship is worth $3,500; the total scholarship money awarded for 2024 is $413,000.

 

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HUD Awards $73 Million to Support Grantees with Vital Technical Assistance

Funding will provide technical assistance and capacity-building for HUD grantees, local governments, and community organizations nationwide.

 

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HUD Commemorates National Native American Heritage Month 2024

During Native American Heritage Month, HUD’s Office of Native American Programs will host a national Native Homeownership and Asset Building Summit. 

 

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HUD Releases Agency Financial Report and Achieves Fifth Consecutive Clean Audit

HUD announced that the Agency Financial Report achieved a clean audit opinion for the fifth consecutive year. 

 

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New Resources for DCTA Recipients and Smaller Distressed Communities

HUD Office of Field Policy and Management announced new resources, including a quick guide and funding opportunities, for DCTA Recipients and Smaller Distressed Communities.

 

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Ginnie Mae Acting President Sam Valverde Announces Resignation

Sam Valverde, Acting President of Ginnie Mae, will step down, effective November 30, 2024.

 

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In 2024, FHA Supported Homeownership for More Than 790,000 Americans

Annual Report to Congress shows the Biden-Harris Administration has removed barriers to homeownership and helped borrowers with hardships while maintaining a well-capitalized Mutual Mortgage Insurance Fund.

 

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