📊HUD Requests Input on Multifamily Apartment Market Data
The Department of Housing and Urban Development (HUD) is evaluating current needs for data from the Survey of Market Absorption of New Multifamily Units (SOMA). As part of this evaluation, HUD is soliciting information from the public on uses of SOMA data and other comments or concerns about the SOMA.
Learn More🏠Proposed Changes to FHA Mortgage Insurance Premiums Impacting Business
On March 31, 2016, HUD published a notice reducing mortgage insurance premiums (MIPs) for qualifying loans under three newly established MIP rate categories: Green and Energy Efficient Housing, Affordable Housing, and Broadly Affordable Housing. On January 20, 2025, President Trump signed a presidential memorandum, "Delivering Emergency Price Relief for American Families and Defeating the Cost-of- Living Crisis", which directed agencies to deliver price relief to the American people, as well as an Executive Order on Unleashing American Energy. To meet these goals, this notice proposes to reduce MIPs to 0.25% for all FHA Multifamily Insurance Programs. This notice further proposes to eliminate the MIP categories established in 2016, which are misaligned with the presidential memoranda and would become economically obsolete.
Learn More🏡HUD's Correction to NSPIRE Scoring Notice Affects Business Compliance
The Department of Housing and Urban Development (HUD) is correcting a final notice entitled, "National Standards for the Physical Inspection of Real Estate and Associated Protocols, Scoring Notice" that published in the Federal Register on July 7, 2023.
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