Communities across the country are struggling to respond to a variety of stresses – from climate change to changing development patterns. Today, Secretary Castro announced the allocation of $500 million in disaster recovery funding to Louisiana, Texas and West Virginia to help those states and most affected counties recover from 6 separate Presidentially-declared disasters in 2016. The impacts of Hurricane Matthew are still being assessed, but that storm cut a swath of destruction across 4 states – Florida, Georgia, and North and South Carolina. Continue reading
Imagine not knowing how many miles per gallon your car can drive. Now imagine owning or managing a fleet of 2.5 million cars. Continue reading
HUD’s monthly housing scorecard provides a snapshot of the state of our nation’s housing market, our programs’ performance, and areas for improvement. As we look back on September, we saw continued progress in our nation’s housing recovery. The latest data show growth among key indicators: a sharp gain in homeowners’ equity and a continued decline in the number of underwater borrowers. In addition, the September scorecard introduces HUD’s rental affordability index, which highlights the changes in rental affordability across the nation. While our housing market is on a healthy trajectory, it’s clear we must continue investing in programs that help more responsible Americans achieve the dream of homeownership. Continue reading
When you think of natural partnerships, government and philanthropy may not be your first thought. In HUD’s new report, Scaling Solutions: A How-To Guide for Unleashing the Potential of Public-Philanthropic Partnerships, we work to turn those perceptions around. This guide describes the unique collaboration between philanthropy and government that emerged during HUD’s Sustainable Communities Initiative. On the local, regional, and national levels, philanthropies and the public sector are leveraging each other’s strengths to deliver results for communities and build projects together from the ground up. Continue reading
HUD’s latest housing scorecard provides a snapshot of the recovery of our nation’s housing market during August. As we look back, we witnessed notable progress among key indicators, including a surge in new home sales, increasing home values, and a continued decline in foreclosure starts and completions. Although this scorecard notes that the housing market is on a healthy trajectory, we must stay committed to helping American families and homeowners.
Here’s a closer look at the trends in some of the top indicators: Continue reading