Marcia Fudge Instagram – In the midst of a tough housing market, the need has never been greater for our assistance. But we are working to meet the challenge.
Here are some significant steps we’ve taken thus far to serve those who need our help most. ⬇️
1️⃣ HUD has housed people through 120,000 new incremental vouchers in a three-year period, a 20-year record.
2️⃣ The Federal Housing Administration (FHA) has cut costs for homeowners and brought first-time homebuyers into the fold, achieving the first-time homebuyer rate at the highest it has been in over two decades. This year alone, FHA served more than 625,000 first time homebuyers. By percentage and volume, FHA served 3x as many Black borrowers and 2x as many Hispanic borrowers as our counterparts.
3️⃣ HUD has addressed the legacies of racial discrimination in housing.
4️⃣ New investments will build for the future, ensuring communities are resilient to the effects of the climate crisis, particularly for Black, Indigenous, and low-income residents of color, which are often hit the hardest.
5️⃣ Ginnie Mae supported a record high of over $2.5 trillion in current government lending, by providing liquidity in the housing finance system and facilitating the flow of more investment capital into US housing markets. | Posted on 21/Dec/2023 04:30:40
