Waters, Warren sound alarm on HUD cost-cutting plan
Representative Maxine Waters (D-CA) and Senator Elizabeth Warren (D-MA) sent HUD Secretary Scott Turner a letter demanding that he halt plans to cut staff at the Office of Fair Housing and Equal Opportunity
by Marian McPherson Mar 17
LA pauses new Section 8 applications amid funding cuts
The Section 8 program, which provides assistance for low-income households, seniors and individuals with disabilities, has suspended voucher applications due to funding reductions
by Richelle Hammiel Mar 14
Democrats weighing government shutdown to protest DOGE cuts
As March 14 debt ceiling deadline approaches, housing and mortgage finance industries brace for repercussions of DOGE cuts to HUD, FHA and Ginnie Mae workforce and programs
by Matt Carter Mar 4
New-home sales plunge 10.5%, fall below expectations
Compared to December, new-home sales dropped 10.5% to a seasonally adjusted rate of 657K, according to US Census Bureau data
by Richelle Hammiel Feb 26
DOGE's moves could destabilize mortgage finance system
National Housing Conference CEO David Dworkin, a centrist advocate for affordable housing stakeholders, warns of unintended consequences of downsizing of HUD, FHA and Ginnie Mae
by Matt Carter Feb 24
HUD, FHA staffing cuts would undermine housing, union warns
Trump administration silent on details but disputes the accuracy of a Feb. 18 report by Bloomberg Law that at least 40% of FHA's workforce are set to be laid off as part of cost-cutting initiatives
by Matt Carter Feb 20
Housing starts decline in January as homebuilder uncertainty rises
Multifamily housing starts fell 9.8%, reaching a seasonally adjusted rate of 1,366,000, while single-family housing starts fell 8.4% month over month, according to data released Wednesday
by Richelle Hammiel Feb 19
DOGE claims to have 'recovered' $1.9B in 'misplaced' HUD funds
The Department of Government Efficiency (DOGE) claims HUD funds were earmarked for the administration of financial services that are no longer needed, the agency announced on X Friday
by Richelle Hammiel Feb 18
Trump nominates Jonathan McKernan as director of CFPB
McKernan's prior roles include senior financial policy advisor for Sen. Bob Corker and posts with the Senate Committee on Banking, Housing, and Urban Affairs and the US Treasury
by Richelle Hammiel Feb 12
Name change, budget cuts at top of HUD secretary’s list
Scott Turner put budget cuts and a department name change at the top of his list, while fair housing and diversity, equity, and inclusion programs were noticeably absent
by Marian McPherson Feb 6
Senate confirms Scott Turner as HUD secretary in 55-44 vote
Former Texas state representative and NFL star Scott Turner will now lead the Department of Housing and Urban Development after being confirmed in a Senate vote of 55-44
by Marian McPherson Feb 5
What’s next for fair housing in an anti-DEI era?
Protecting fair housing must be a non-negotiable part of building a more inclusive and equitable future, Color of Money podcast host Julia Lashay Israel writes
Former HUD Secretary: We need big ideas on affordable housing
At her first ICNY appearance, former HUD Acting Secretary Adrianne Todman talked about missed opportunities to improve inventory and the lack of will for solving affordability challenges
by Marian McPherson Jan 24
Trump's HUD seeks to eliminate climate change and bias initiatives
President Trump's 2nd term is a chance to overturn Obama-era housing discrimination policies. Housing advocates fear Trump will succeed, undermining 56 years of fair housing progress
by Marian McPherson Jan 22
Trump's executive order to address housing costs is short on specifics
Mortgage lenders have renewed their calls to slash Federal Housing Administration mortgage insurance premiums to help buyers struggling with elevated housing costs and mortgage rates
by Matt Carter Jan 21