The U.S. Department of Housing and Urban Development (HUD) is awarding $24 million from its $56 million FY 2023 budget to support 57 fair housing organizations through the Fair Housing Initiatives Program (FHIP).
According to HUD, these funds are being directed to second- and third-year multi-year grantees of the Private Enforcement Initiative (PEI) to continue fair housing enforcement and educational outreach initiatives. HUD also extended financial support to the Disability Law Center under the PEI initiative and to JC Vision and Associates under the Fair Housing Organization Initiative/Continued Development Component (FHOI/CDC) program, utilizing unspent funds from the FY 2022 budget.
“Unfortunately, far too many families face bias when it comes to renting and buying homes,” said HUD Secretary Marcia Fudge. “HUD is pleased to provide our state and local partners with resources like The Fair Housing Initiatives Program that give organizations the funding they need to combat housing discrimination and help build fair and inclusive communities.” ach year, HUD makes funding available to support organizations that enforce the nation’s fair housing laws and policies, as well as educate the public, housing providers, and local governments about their rights and responsibilities under the Fair Housing Act.
;
Would December be the best month in 2023 to secure a loan near or at 4.5% for a personal home loan?
No. The anticipated “drop”
Of interest rates continue to get pushed back every time the Feds meet. The drop is not expected to be sub 5, and will likely table around the mid to low 5s
The people who are shutting buyers out of the market are the ones raising the interest rates to over 7% for an FHA (Hud) secured loan.
It’s difficult enough to locate housing for ANYONE who is asked to leave a rental property, after yrs of faithfully paying the rent on time, but even more difficult thru HUD’s Affordable Housing Program, in today’s housing market of low inventory, and high demand for residential rentals in this Southern CA community of 15+ senior subdivisions of 55+ yrs of age, let alone dealing with HUD’S Rules & Regulations, regarding the lack of room addition permits, lower rent standard $ compared with the market rental values, when there’s already a stigma from Landlords in dealing with the government duplicated forms, R&M requirements & inspections.
Why can’t HUD coordinate with the state’s Association of Realtors and Ms Fudge and her peers to coordinate all our efforts, so there’s not so much in form duplication; and think “outside the box” on how to successfully entice owners to accept applications from HUD recipients.
I would also like to recommend that HUD provide necessary seminars for HUD Affordable Housing Program recipients whom have below 700 credit scores, and other beneficial classes.
Thank you.
Mary Ann Weigner