there’s a U.S. shortage of 7.3 million affordable rental homes. HUD explained that the changes in underwriting policies were intended to boost the housing supply. Properties with a low-income ...

“We need millions more homes of all kinds ... over their heads and a place to call home.” HUD is a roughly $68 billion agency that provides rental assistance, builds and preserves affordable ...

also provides ongoing rental assistance for tenants. “Creating these homes will enable older adults to live independently,” HUD Deputy Secretary Adrianne Todman said in a statement.

A new incremental change in HUD rules can increase loan proceeds for developers of new multifamily communities or those ...

HUD Agency Head Adrianne Todman emphasized the program’s enduring impact. “For more than 30 years, HOME has provided funding to build new homes, assist homebuyers, and provide rental assistance.