The Office of Housing plays a vital role for the nation's homebuyers, homeowners, renters, and communities through its nationally administered programs. It includes the Federal Housing Administration (FHA), the largest mortgage insurer in the world.
The Office of Housing includes the following program offices that are most familiar to lenders, other housing industry participants, and consumers:
Administers FHA's mortgage insurance programs for mortgages secured by new or existing single family homes, condominium units, manufactured homes, and homes needing rehabilitation. Also administers FHA's reverse mortgage program, the Home Equity Conversion Mortgage, for seniors.
Administers FHA's mortgage insurance programs that facilitate the construction, substantial rehabilitation, purchase, and refinancing of multifamily properties. Also administers subsidized housing programs that provide rental assistance to low-income families, the elderly, and those with disabilities, as well as the perservation and recapitalization of assisted affordable housing through such programs as the Rental Assistance Demonstration.
Administers FHA's mortgage insurance programs that help finance the construction, renovation, acquisition, or refinancing of healthcare facilities -- including hospitals, nursing homes, and assisted living facilities.
Administers programs that support a nationwide network of HUD-approved Housing Counseling Agencies, which provide counseling to current and prospective homeowners, renters, and victims of disasters so that they can make informed choices when addressing their housing needs.
Office of Manufactured Housing
Administers HUD's oversight programs for the regulation and solutions-oriented oversight and monitoring of the affordability, quality, durability, and safety of manufactured homes. Also administers the National Manufactured Housing Construction and Safety Standards Act of 1974.