United States Secretary of Housing and Urban Development

NAREB RELEASES 2023 STATE OF HOUSING IN BLACK AMERICA REPORT AT BLACK WEALTH SUMMIT IN BIRMINGHAM

Retrieved on: 
Wednesday, November 8, 2023

BIRMINGHAM, Ala., Nov. 8, 2023 /PRNewswire/ --

Key Points: 
  • MEDIA ADVISORY FOR BIRMINGHAM FOR THURSDAY, NOVEMBER 9, 2023
    NAREB releases its 2023 State of Housing in Black America (SHIBA) report that provides a comprehensive analysis of Black homeownership and the historical barriers Blacks face when seeking to purchase a home.
  • Black homeownership was impeded even as African Americans experienced record-low unemployment and, for the first time, a higher labor force participation rate than Whites.
  • The SHIBA report will be unveiled at a day-long event featuring panel discussions and speakers, including private lenders, government housing officials, and housing experts.
  • (Media please contact Michael K. Frisby at [email protected] or 202-625-4328 for a copy of the 2023 SHIBA report).

Catchlight Crossings Sets New Standard for Affordable Housing Communities

Retrieved on: 
Wednesday, November 1, 2023

ORLANDO, Fla., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Today, Universal Destinations & Experiences and Wendover Housing Partners marked the beginning of construction and revealed all-new renderings for Catchlight Crossings – a first-of-its-kind affordable housing solution that features 1,000 affordable apartment homes, on-site amenities and services, retail and play areas, and access to transportation and nearby jobs. 

Key Points: 
  • Catchlight Crossings sits on 20 acres of land that was donated by Universal’s not-for-profit, Housing for Tomorrow .
  • Catchlight Crossings supports Orange County’s Housing for All initiative designed to create lasting community-based solutions for expanding housing options, improving affordability, and providing access to diverse and vibrant neighborhoods for Orange County residents.
  • Developed by Wendover Housing Partners, an expert in affordable housing communities, with primary construction lending provided by Chase, Catchlight Crossings will feature an on-site, tuition-free Bezos Academy preschool, in addition to educational opportunities offered in partnership with the University of Central Florida.
  • “Affordable housing with access to education and opportunity levels the playing field for all to thrive and sets an example for what can be done in other communities.”
    The first phase of Catchlight Crossings is expected to open in 2026.

Affirmed Housing Completes Large Hotel Conversion, Delivers New Affordable Housing for Seniors in North County San Diego

Retrieved on: 
Tuesday, October 31, 2023

SAN DIEGO, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Affirmed Housing, a leading provider of affordable housing throughout California, announces the completion of Tizon, a hotel-conversion development that delivers housing and onsite services to low-income seniors in the Rancho Bernardo neighborhood.

Key Points: 
  • SAN DIEGO, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Affirmed Housing, a leading provider of affordable housing throughout California, announces the completion of Tizon, a hotel-conversion development that delivers housing and onsite services to low-income seniors in the Rancho Bernardo neighborhood.
  • A celebratory event was held to commemorate the project’s grand opening and included special guests San Diego Mayor Todd Gloria and Councilmember Marni von Wilpert.
  • “Affirmed Housing's Tizon development, which included funding and vouchers from our Housing Commission, is exactly the type of project we need for local seniors.
  • The project is funded in part with HOME Investments Partnerships Grant (HOME) funds provided to the City of San Diego by the U.S. Department of Housing and Urban Development (HUD) and administered by the San Diego Housing Commission.

Alameda County Housing Authorities Collaborate to serve 875 Households through HUD's Emergency Housing Voucher Program

Retrieved on: 
Wednesday, October 18, 2023

The Berkeley Housing Authority, Housing Authority of the City of Alameda, Oakland Housing Authority, and the Housing Authority of the County of Alameda teamed up to serve 875 Alameda County households through the Emergency Housing Voucher (EHV) program.

Key Points: 
  • The Berkeley Housing Authority, Housing Authority of the City of Alameda, Oakland Housing Authority, and the Housing Authority of the County of Alameda teamed up to serve 875 Alameda County households through the Emergency Housing Voucher (EHV) program.
  • The Housing Authority of the City of Oakland (OHA) was awarded 515 Emergency Housing Vouchers in May 2021.
  • The collaboration amongst OHA, BHA, HACA, and AHA resulted in 875 Alameda County households securing (or in the final stages of securing) permanent housing.
  • Additionally, many best practices were developed and shared amongst the Housing Authorities, which can then be replicated for future special purpose voucher awards.

Greystone Ranks as #1 Overall Commercial Lender for HUD’s 2023 Fiscal Year

Retrieved on: 
Wednesday, October 11, 2023

NEW YORK, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance firm, announced it ranks #1 based on dollar volume of multifamily and healthcare Firm Commitments issued by the U.S. Department of Housing and Urban Development (HUD) for the agency’s 2023 fiscal year ending September 30, 2023*.

Key Points: 
  • NEW YORK, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance firm, announced it ranks #1 based on dollar volume of multifamily and healthcare Firm Commitments issued by the U.S. Department of Housing and Urban Development (HUD) for the agency’s 2023 fiscal year ending September 30, 2023*.
  • During this period, Greystone originated and obtained Firm Commitments for 87 multifamily and healthcare facility HUD-insured loans totaling $1.9 billion, representing 14.5% of firm commitments issued by HUD.
  • Greystone received firm commitments for 49 multifamily properties totaling $1.3 billion and 38 healthcare properties totaling $673 million during HUD’s most recent fiscal year.
  • HUD has been and remains an excellent long-term debt option, and we are thrilled to be at the top of the industry once again.”

FTC Proposes Rule to Ban Junk Fees

Retrieved on: 
Monday, October 16, 2023

The Federal Trade Commission today announced a new proposed rule to prohibit junk fees, which are hidden and bogus fees that can harm consumers and undercut honest businesses.

Key Points: 
  • The Federal Trade Commission today announced a new proposed rule to prohibit junk fees, which are hidden and bogus fees that can harm consumers and undercut honest businesses.
  • The agency launched a proceeding last year requesting public input on whether a rule would help to eliminate these unfair and deceptive charges.
  • After receiving more than 12,000 comments on how fees affect their personal spending or business, the FTC is seeking a new round of comments on a proposed junk fee rule.
  • To accomplish this, the proposed rule would ban the following junk fee practices that consistently confuse and trick consumers:
  • “Americans are fed up with the junk fees that are creeping across the economy,” said CFPB Director Rohit Chopra.
  • “The FTC’s proposed rule will protect families and honest businesses from race-to-the-bottom abuses that cost us billions of dollars each year.
  • If finalized, the CFPB will enforce the rule against violators in the financial industry and ensure that these firms play fairly.” “No one likes surprise charges on their bill.
  • But when it comes to these bills, what you see isn’t always what you get,” said FCC Chairwoman Jessica Rosenworcel.
  • “Instead, consumers have often been saddled with additional junk fees that may exorbitantly raise the price of their previously agreed-to monthly charges.

Atlanta Housing Announces Resignation of President and CEO Eugene Jones, Jr.

Retrieved on: 
Wednesday, September 13, 2023

ATLANTA, Sept. 12, 2023 /PRNewswire/ -- Atlanta Housing (AH) announces the resignation of President and CEO, Eugene E. Jones, Jr., effective December 31, 2023.

Key Points: 
  • ATLANTA, Sept. 12, 2023 /PRNewswire/ -- Atlanta Housing (AH) announces the resignation of President and CEO, Eugene E. Jones, Jr., effective December 31, 2023.
  • Jones assumed leadership in October of 2019 during a critical period for affordable housing in Atlanta.
  • Atlanta Housing invested an impressive $128 million in development, creating 3,348 units of affordable housing and preserving 4,972.
  • Atlanta Housing extends its heartfelt gratitude to Eugene E. Jones, Jr. for his leadership and commitment to advancing the mission of Atlanta Housing.

KeyBank Partners with Operation HOPE to Provide Homebuyer Education & Financial Education to the Communities it Serves

Retrieved on: 
Tuesday, August 29, 2023

ATLANTA, Aug. 29, 2023 /PRNewswire/ -- KeyBank and Operation HOPE, Inc., a national non-profit dedicated to financial empowerment for underserved communities, recently announced plans to provide access to its HOPE Inside program across three branches in KeyBank's footprint. HOPE Inside delivers comprehensive financial education programming and coaching, including homebuyer education, with the goal of helping to empowering community members with knowledge and tools to create a more secure financial future.KeyBank has a dedicated financial coach placed in branches in Buffalo (the East Delavan branch), Denver (the West Evans branch) and Seattle (the Kent Downtown branch). The coaches provide education and programming to adults, youth, disaster survivors and employees at no cost.

Key Points: 
  • HOPE Inside delivers comprehensive financial education programming and coaching, including homebuyer education, with the goal of helping to empowering community members with knowledge and tools to create a more secure financial future.
  • The coaches provide education and programming to adults, youth, disaster survivors and employees at no cost.
  • "We're excited for our partnership with Operation HOPE and look forward to the important education and guidance this will provide within our communities, empowering our neighbors to move forward on their financial path."
  • The collaboration between KeyBank and Operation HOPE aligns with KeyBank's broader efforts to enhance access to homeownership in an equitable manner.

Registration Opens for the 2023 Nevada Youth Homelessness Summit featuring Award-Winning American Poet and Writer Jimmy Santiago Baca as Keynote Speaker

Retrieved on: 
Thursday, August 24, 2023

LAS VEGAS, Aug. 24, 2023 /PRNewswire/ -- Nevada Partnership for Homeless Youth (NPHY) and Las Vegas Sands (NYSE: LVS) today announced registration is open for the expanded Nevada Youth Homelessness Summit on Nov. 8 at The Smith Center for the Performing Arts. Jimmy Santiago Baca, winner of the International Prize for his memoir A Place to Stand, will provide the keynote address.

Key Points: 
  • Jimmy Santiago Baca, winner of the International Prize for his memoir A Place to Stand, will provide the keynote address.
  • We must take action on a broader scale to combat these developments and create better safety nets for at-risk youth."
  • According to the U.S. Department of Housing and Urban Development, in 2022 roughly 12% of youth experiencing homelessness across the United States were residing in Nevada.
  • To expand The Movement to End Youth Homelessness statewide, a steering committee is spearheading content planning and participant engagement for Summit 2023.