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Last week, the House Financial Services Committee (HFSC) unanimously passed H.R. 3507, the Yes in My Backyard Act (YIMBY). The legislation is intended to eliminate discriminatory land use policies and remove barriers to housing production by bolstering transparency of efforts of Community Development Block Grant (CDBG) recipients in changing discriminatory land use policies. Specifically, jurisdictions receiving CDBG funds would be required to submit to HUD a land use plan, which would cover a number of policies, including whether they are allowing manufactured homes in areas zoned primarily for single-family residential homes. Ahead of the markup, MHI and a coalition of housing industry organizations sent a letter of support for the legislation.

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November 23, 2024

Scott Turner Nominated as HUD Secretary

Late Friday, President-elect Trump announced Scott Turner as his pick for Secretary of the U.S. Department of Housing and Urban Development (HUD).

November 4, 2024

New HUD Deputy Assistant Secretary for Manufactured Housing Gives Manufactured Housing Equal Billing with Single Family and Multifamily at HUD

The U.S. Department of Housing and Urban Development (HUD) announced that Teresa Payne will be the new Deputy Assistant Secretary for Manufactured Housing, a position created after HUD made the Office of Manufactured Housing Programs (OMHP) an independent office reporting directly to the Assistant Secretary for Housing and Federal Housing Commissioner in June.

October 9, 2024

Top Economist & Top Demographer to Share Market Insight at MHI National Communities Council Fall Leadership Forum

Eric Finnigan, Vice President of Demographics Research at John Burns Research & Consulting and Douglas Holtz-Eakin, President of the American Action Forum will address MHI’s National Communities Council Fall Leadership Forum.

November 26, 2024

Texas Court Rules DOL Overtime Rule Invalid

The U.S. District Court for the Eastern District of Texas issued a ruling invalidating the Department of Labor’s (DOL) overtime final rule which was published in April 2024.

November 23, 2024

Scott Turner Nominated as HUD Secretary

Late Friday, President-elect Trump announced Scott Turner as his pick for Secretary of the U.S. Department of Housing and Urban Development (HUD).

November 20, 2024

HUD Releases FHA Management Report

Last Friday HUD released its annual Fiscal Year 2024 FHA Management Report, in conjunction with its annual Mutual Mortgage Insurance (MMIF) Report. The reports, a financial scorecard of FHA’s finances, showed continued financial strength for FHA single family loans. FHA’s net worth increased from $145.29 billion to $172.76 in the last year, and its capital ratio increased from 10/51% to 11.47% in the same period.