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U.S. Department of Housing and Urban Development

A department in the United States charged with promoting homeownership. It oversees the Federal Housing Administration and has a relationship with Fannie Mae and Freddie Mac. It also provides vouchers to make rent more affordable and provides grants for community development. It was established in 1965.
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The United States Department of Housing and Urban Development. This federal cabinetlevel department has a wide variety of responsibilities, including

• Enforcing fair housing laws
• Assisting community development through block grants, loan guarantees, and disaster recovery assistance
• Regulating Fannie Mae and Freddie Mac
• Supporting health care through providing mortgage insurance for hospitals, nursing homes, and assisted living facilities
• Aiding Native Americans with specialized housing programs
• Educating citizens about hazards such as lead paint
• Overseeing the Federal Manufactured Housing Program
• Providing public housing assistance
• Making available housing counseling
• Administering a number of mortgage insurance programs for multifamily housing
• Providing mortgage insurance for single-family houses
• Handling witness relocation for people who have testified about crimes in their public or assisted housing buildings

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 ?
If you manage subsidized multifamily housing, you probably could benefit from a special type of property management program usually referred to as "HUD software." A program of this type will make your work much easier, if you have the right one for your needs.
Because the IRR process simply modifies an existing loan in Walker & Dunlop's servicing portfolio, the Company does not recognize IRR loans as part of its reported HUD loan origination volume.
Some key players identified in the global automotive HUD market are Continental AG, Delphi Automotive LLP, Denso Corporation, JOHNSON CONTROLS, MicroVision, Inc., Nippon Seiki Co.
Upon completion of the bridge loan refinancing, the company plans to use additional HUD guaranteed mortgages to refinance the 20 Revera properties, the facility buybacks with its REIT partners and other transactions.
The Wells Fargo settlement resolves complaints brought by six families from states including Nevada, Nebraska, Texas, Arizona and California, HUD said.
"The HUD audit will highlight the issues in the city's past contracts and monitoring processes that allowed payment for ineligible outcomes," Mr.
'Since DENSO's new HUD can show lane guidance and inform presence of pedestrians overlaid on the actual scenery, drivers can obtain information more quickly and naturally,' said Hiroyuki Wakabayashi, executive director responsible for DENSO's Information & Safety Systems Business Group.
In 2010, HUD provided guidance to its staff on how to more effectively address inquiries from LGBT individuals regarding housing discrimination issues and also launched a webpage for the public on LGBT housing discrimination.
Last year, as part of President Obama's Year of Community Living initiative, HUD and the U.S.
Recommendation: To better ensure that grantees' AIs serve as an effective tool for grantees to identify and address impediments to fair housing, HUD should expeditiously complete its new regulation pertaining to the affirmatively further fair housing (AFFH) requirements.
The good news for healthcare borrowers is that, in 2010, all HUD 232 loans will be processed using the agency's revolutionary new Lean funding process.