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What Is HUD

What Is HUD?

The term HUD is an acronym for the U.S. Government Department of Housing and Urban Development. HUD was created in 1965, and is a federal agency which manages many different housing programs. In general these HUD programs promote home ownership and affordable housing.

HUD Housing Information

The purpose of the Department of HUD is to provide all Americans the opportunity to have quality and affordable housing.

It is important to remember that HUD is  a government agency that is there to assist you in meeting your housing needs. If you are in need of temporary housing, permanent housing, low income housing, senior housing, or emergency housing, take a look at the various HUD housing programs to see the ones that will benefit you.

Within the Department of HUD, there is the Office of Housing. The Office of Housing manages the Federal Housing Administration (FHA), which is the largest mortgage insurer in the world.

The mission of the HUD Office of Housing is:

1. To contribute to buildling and preserving healthy neighborhoods and communities.

2. Maintain and expand homeownership, rental housing, and healthcare opportunities.

3. Stabilize the credit markets in times of economic disruption.

4. Operate with a high degree of public and fiscal accountability.

5. Recognize and vaule its customers, staff, constituents, and partners.

The HUD Office of Housing oversees three main areas:

1. Single Family Housing - The HUD Single Family programs provide mortgage insurance on loans for buying new or exisiting homes, manufactured homes, condominiums, houses in need of repair, and for reverse equity mortgages for older age homeowners.

2. Multifamily Housing - These HUD programs offer mortgage insurance to HUD-approved lenders to assist in the construction, purchase and refinancing of multifamily housing projects and healthcare facilities.

3. Regulatory Programs - These HUD programs were created to help homeowners, homebuyers, and regulate real estate transactions.

HUD Housing also provides you with useful information and assistance with the following:

Buying a Home - The decision to purchase a home is one of the most important financial decisions you can make. While many of your home buying decisions may seem obvious, there are many others that you may overlook. HUD Housing provides you with the information you need when buying a home.This information is very useful for first time home buyers.

When buying a home, there are nine steps you should follow:

1. Determine how much you can afford.

2. Know your rights when buying a home.

3. Shop around for a loan.

4. Learn about the available homebuying programs.

5. Shop for a home.

6. Making an offer on a home.

7. Get a home inspection.

8. Shop for homeowners insurance.

9. Signing the papers.

Rental Housing Assistance - If you want to rent a house or apartment, HUD has three different rental assistance programs that were designed to meet your needs.

1. Housing Choice Voucher Program (Section 8)

This HUD rental assistance program was formerly known as Section 8 housing. The housing voucher program gives you the flexibility to find your own housing and use the housing vouchers to pay for some or all of your rent.

To apply for the Housing Choice Voucher Program, you will need to contact your local Public Housing Agency (PHA).

2. Privately Owned Subsidized Housing

Subsidized housing allows owners of apartments to provide low-income tenants with reduced rent. Apartment owners that participate in the program are given money directly from the government to lower their rent for low-income tenants.

Low rent apartments are available to low-income families, senior citizens, and people with disabilities. To determine if you are eligible you will need to meet the income limit for the area in which you live. If you want to apply, you need to visit the management office for the apartments you are interested in.

3. Public Housing

HUD provides you with affordable apartments if you are a low-income family, have a disability, or are elderly. If you are interested in public housing and think you are eligible, you will need to contact your local Public Housing Agency (PHA).

Fair Housing Information - The month of April is Fair Housing Month which celebrates the passage of the Fair Housing Act. The Fair Housing Act makes it unlawful to discriminate in housing transactions based on race, color, national origin, religion, gender, disability, or family status.

If you have been trying to purchase or rent a house or apartment and you feel that you have been discriminated against, you can file a fair housing complaint.

Foreclosure Information - If you are currently in the process of home foreclosure or are concerned about foreclosure, there are several steps you can take to avoid foreclosure and ultimately losing your home.

To try and avoid foreclosure you should:

1. Get advice and assistance as soon as possible by talking to housing counselors and your lender.

2. Learn how to avoid foreclosure and how to be aware of foreclosure scams.

3. Learn more about alternative refinancing options.

4. If you do lose your home, know your redemption options and assistance that is available.

Housing Counseling Information - HUD sponsors housing counseling agencies throughout the United States that can provide you free or low cost housing advice. The housing counselors can offer you advice on buying a home, renting an apartment, avoiding foreclosure, default on a mortgage, reverse mortgages, and issues involving your credit situation. is an information website owned by What Is It LLC.

Learn more about What Is It at "We Simplify The Complex".

The official U.S. Government HUD Web site is

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