HUD User

Key housing indicators charting data for October 2024 are now available on #HUDUser. Create and view charting data for different indicators here: https://lnkd.in/e4ZGMSNx #HousingMarket

Nominations are open for the inaugural HUD Secretary’s Award for Excellence in Tribal Communities! The award acknowledges innovative approaches, best practices, policies, and community engagement that make significant contributions to serving HUD-assisted #Tribal residents. For the 2025 HUD Secretary’s Award for Excellence in Tribal Communities, awards will be considered under the following priority areas: Community Development; New Housing Construction; Supporting Native Youth; and Honoring and Serving Native #Veterans. Submit your nominations by February 28, 2025. Visit HUD User for more information: https://lnkd.in/ecSqZUiv

In recent years, various #innovative programs, such as direct rental assistance (DRA), have emerged that provide simple, flexible assistance to low-income individuals. On July 22, 2024, HUD published a Request for Information (RFI) to solicit public comment on the DRA concept, and the agency received 226 responses by the August 30 deadline. The RFI respondents anticipated a wide range of potential benefits from DRA, including the potential to empower tenants, create less administrative burden than other forms of housing assistance, and make obtaining assistance easier and faster for tenants; potential risks respondents identified include participants leasing substandard units, making rental payments unreliably, or using DRA funds for non-rent spending. Additional research is needed to understand better the benefits and risks of DRA approaches to housing assistance, with pilot programs key to any large-scale adoption of this method of housing assistance. Read more on HUD User’s #PDREdge: https://lnkd.in/ezK5fCWB

In the Boston, #Massachusetts housing market area (HMA), a 1.5-month supply of homes was available for sale as of April 2024. Find more housing information in the latest Comprehensive Housing Market Analysis report for the HMA on #HUDUser: https://lnkd.in/emwDQc7R #HousingMarket

While federal investments are the largest funding source for addressing housing affordability challenges, local governments are innovating ways to stretch and supplement those resources to meet housing needs. Notable recent #innovations in this vein include revolving housing production loan funds, leveraging public land for affordable housing development, creative uses of federal programs such as HUD Section 108 funding, and office-to-residential conversions. Read more on HUD User’s #PDREdge: https://lnkd.in/eXjefZgr

“HUD Challenge” was a HUD-published periodical from 1969–1981. Each issue provides a snapshot of HUD’s early years and HUD-related projects from across the U.S. Browse the scanned copies on #HUDUser: tinyurl.com/56wnjxue #ThrowbackThursday #HUDChallenge

In the Boston, #Massachusetts housing market area (HMA), 30 percent of the homes sold were priced at $850,000 or more. Find more housing information in the latest Comprehensive Housing Market Analysis report for the HMA on #HUDUser: https://lnkd.in/emwDQc7R #HousingMarket

Nominations are open for the 2025 ACHP/HUD Secretary’s Award for Excellence in Historic Preservation! The Advisory Council on Historic Preservation (ACHP), in partnership with HUD, recognizes developers, organizations, and agencies for their success in advancing the goals of #historic preservation while (1) providing affordable housing for low-and moderate-income families and individuals and (2) supporting community and/or economic development. Nominated projects or activities will be judged for the success they have achieved in preserving, rehabilitating, restoring, and interpreting our architectural and cultural heritage. Nominations are due January 22, 2025. Visit HUD User for more information: https://lnkd.in/ech2jA-R

Housing Trivia Tuesday!

St. Lucie County accounted for approximately what percent of the apartment units in the Port St. Lucie, Florida metropolitan area as of the second quarter of 2024?