Department of Housing and Urban Development (HUD) was created as
part of President Lyndon B. Johnson's War on Poverty and was established
as a Cabinet Department by the Department of Housing and Urban Development
Act (42 U.S.C. 3532-3537), effective November 9, 1965. It consolidated
a number of other older federal agencies to include the Housing
Home Finance Agency, Federal Housing Administration, Urban Renewal
Agency, Community Facilities Agency and Public Housing.
is the Federal agency responsible for national policy and programs
that address America's housing needs, improve and develop the Nation's
communities and enforce fair housing laws. HUD's business is helping
create a decent home and suitable living environment for all Americans,
and it has given America's cities a strong national voice at the
works to help the nation's communities meet their development needs,
spur economic growth in distressed neighborhoods, provide housing
assistance for the poor, rehabilitate and develop moderate and low-cost
housing and enforce the nation's fair housing laws. In an age of
shrinking Federal budgets, HUD is focusing its resources on providing
housing and economic development opportunities where they are most
needed and can be best utilized through local planning. HUD plays
a major role in supporting homeownership by underwriting homeownership
for lower and moderate income families through its mortgage insurance
program. HUD's annual operating budget is approximately $30 billion.
the principal Federal agency responsible for the improvement and
development of America's housing and communities, HUD's programs
include: providing mortgage insurance to help individuals and families
become homeowners; development. rehabilitation and modernization
of the nation's public and Indian housing stock; development of
HUD-insured multifamily housing; development, improvement and revitalization
of America's urban centers and neighborhoods; providing rental subsidies
to lower-income families to help them obtain affordable housing;
and enforcement of Federal Fair Housing laws.
is assisted in carrying out its various programs - and in managing
its own operations - by a variety of independent contractors and
Marketing Tip: A common misconception is that HUD frequently contracts
for building construction and other construction type projects.
HUD does not. It does, however, provide grants and other types
of funding assistance to other entities such as local public housing
authorities, state and local government and non-profit organizations.
These entities frequently contract for building construction and
similar projects. Recommendations on how to access these contracting
opportunities are discussed in the section entitled Contracting
Opportunities Generated by HUD Grantees.
and community revitalization are at the heart of the Departments
mission. HUD's goal is to establish a solid foundation that will
enable the Department to be a leader in management reform, an effective
partner at the grassroots level, and a strong voice in the debate
on the challenges that new growth and prosperity can bring. With
increased funding for key programs and sensible reductions in duplicative
or inefficient programs, HUD will work with local and state officials,
non-profit and faith-based organizations, low-income housing advocates
and industry groups to expand the supply of affordable housing.
This united effort can give more Americans the opportunity to own
a home, and empower communities across the country so that every
neighborhood, every child, every citizen can enjoy the promise of
this great nation.
summary, HUD's mission is to provide decent, safe, and sanitary
homes and suitable living environments for every American by:
Creating opportunities for homeownership;
housing assistance for low-income persons;
Working to create, rehabilitate and maintain the nation's affordable
Enforcing the nations fair housing laws
Helping the homeless;
Spurring economic growth in distressed neighborhoods; and
Helping local communities meet their development needs.