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Julian Castro Tag

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FHA Lowers Multi-Family Insurance Rates

HUD Secretary Julian Castro recently announced that the FHA will, for the second consecutive year, reduce its multi-family insurance rates. The rate reductions will directly affect low and moderate income families and will also be available to projects installing energy-efficient systems.  The reductions are intended...

Congress Gives Attention to Antiquated FHA Policies

FHA requirements that condominium property be at least 50% owner occupied continues to limit the ability for potential purchasers to finance the acquisition of condominiums. This policy is antiquated and bad for home ownership. As credit becomes more difficult to obtain for home buyers generally,...