Department of Housing and Urban Development


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Related to Department of Housing and Urban Development: Department of Transportation

Department of Housing and Urban Development (HUD)

Created as a cabinet-level agency in 1965, the stated mission of HUD (www.hud.gov) is “to increase homeownership,support community development and increase access to affordable housing free from discrimination. To fulfill this mission,HUD will embrace high standards of ethics,management and accountability and forge new partnerships—particularly with faith-based and community organizations—that leverage resources and improve HUD's ability to be effective on the community level.”

The most common HUD-related activities are

• Acquisition and sale of all FHA-insured homes that are foreclosed on
• Involvement in moderate-income and low-income housing
• Removing barriers to minority ownership of homes
• Community planning and development
• Native American housing

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
(21.) The goals are described in detail in Department of Housing and Urban Development, Office of the Secretary, "Interim Housing Goals for the Federal Home Loan Mortgage Corporation" and "Interim Housing Goals for the Federal National Mortgage Association" (September 16, 1993).
Department of Housing and Urban Development ("HUD"), the Empire State Development Corporation, the New York State Housing Finance Agency, the New York State Division of Housing and Community Renewal, the New York City Department of Housing Preservation and Development, and the New York State Energy Research and Development Authority.
He has held a number of positions at the United States Department of Housing and Urban Development including Acting Federal Housing Commissioner and Deputy Assistant Secretary for Multifamily Housing.
Additional funding for this development includes various subsidies from HPD, the New York City Housing Development Corporation (HDC), the Upper Manhattan Empowerment Zone, and United States Department of Housing and Urban Development (HUD) and the Empire State Development Corporation.
Department of Housing and Urban Development which will be sold to low-income families.
As a result, President Bush pledged a total of at least $20 billion in aid from Washington, including a $3.2 billion grant from the Department of Housing and Urban Development, the largest single such commitment in that agency's history.
Department of Housing and Urban Development; and a syndicate led by Chase Manhattan Bank, European American Bank, Fleet Bank, and North Fork Savings Bank.
Department of Housing and Urban Development is forming the commission at the request of President Clinton, who signed a memorandum June 19 recognizing the importance of housing and real estate issues in both countries.
In a unique partnership, Hartz Mountain and NEDC helped secure a $5 million Urban Development Action Grant from the Federal Department of Housing and Urban Development to build the parking garage, which will help Prudential continue growing in downtown Newark.
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