The House has passed a bill that will make it easier for persons displaced by hurricanes Katrina and Rita to find apartments that can accept federal rental vouchers.The bill (H.R. 3894) allows the Department of Housing and Urban Development to waive certain requirements so voucher holders can sign short-term leases to rent federally assisted Section 8 apartment units. "With this legislation, anyone who has been displaced by hurricane Katrina or Rita, and is low-income, can now be housed in these [Section 8] apartments, even if they were not receiving government assistance before the hurricanes," said Jim Arbury, who heads up government affairs for the National Multi Housing Council and National Apartment Association. By waiving inspection and government lease requirements, the Hurricane Katrina Emergency Housing Act, sponsored by Rep. Rodney Alexander, R-La., also allows voucher holders to lease certain market-rate apartments. The House passed the bill by a 418-0 vote. "We applaud the House for taking this much-needed step, and we urge the Senate to pass similar legislation," Mr. Arbury said.
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The FHFA director hinted at a partnership in the works and doubled down on criticism of homebuilders and the Fed chair in a housing conference interview.
8h ago -
The Consumer Financial Protection Bureau ended a consent order earlier than expected against the credit bureau TransUnion, saying the company already paid a $5 million fine and $3 million to consumers.
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The volume of home equity lines of credit expanded for the 14th consecutive quarter, driven largely by fintechs and other nonbanks that are accounting for more and more of the business.
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A trade group for participants in the clean energy loan program argues the upcoming regulations will be too burdensome and costly for participants.
November 7 -
Company leaders said current strategy sets it up to profit and compete against its rivals as the mortgage market improves in the coming months.
November 6 -
The average price of a single-family home increased 1.7% from last year to $426,800 in the third quarter.
November 6





