General World News

Hallelujah! HUD finally updates, expands 203(k) program

The U.S. Department of Housing and Urban Development (HUD) on Tuesday announced that it has published updated policies for its 203(k) Rehabilitation Mortgage Insurance Program, in an effort to “modernize the program and enhance its usefulness for individuals and families seeking affordable financing for renovating or rehabilitating a single-family home when purchasing or refinancing it.”

The updates were announced by Federal Housing Administration (FHA) Commissioner Julia Gordon and Philadelphia Mayor Cherelle Parke at the home of Kasan Simmons, a Philadelphia resident details ⇒

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