The Department of Housing and Urban Development (HUD) offers community development assistance and programs that enable US residents to access affordable housing. Created in 1965, HUD programs encompass a wide spectrum of housing assistance and enforcement, including community development block grants, single- and multi-family housing mortgage insurance, manufactured home construction and safety standards, public and Indian housing, and fair housing initiatives. The department partners with faith-based and community organizations in realizing new housing opportunities for disadvantaged residents. HUD's annual budget is nearly $49.3 billion.
The primary programs administered by HUD include Mortgage and loan insurance through the Federal Housing Administration; Community Development Block Grants to help communities with economic development, job opportunities and housing rehabilitation; HOME Investment Partnership Act block grants to develop and support affordable housing for low-income residents; Rental assistance in the form of Section 8 certificates or vouchers for low-income households; Public or subsidized housing for low-income individuals and families; Homeless assistance provided through local communities and faith-based and other nonprofit organizations; and Fair housing public education and enforcement.
HUD provides housing to more than 4.3 million low-income families a year through its public housing, rental subsidy, and voucher programs.
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HUD offer services to the Community Development Block Grant, non-entitlement communities, local governments, tribal entities, public housing authorities, non-profit organizations, and for-profit organizations.
The President's financial year 2016 Budget provides $49.3 billion in gross discretionary funding for HUD to expand the number of rental assistance vouchers; increase homeless assistance for vulnerable families; and make targeted investments in communities to help revitalize high-poverty neighborhoods.
The proposed budget for 2017 is $48.9 billion.
HUD's strategic plan is to expand opportunity for all Americans. It goals include Strengthening the Nation's Housing Market to Bolster the Economy and Protect Consumers; Meeting the Need for Quality Affordable Rental Homes; Meeting the Need for Quality Affordable Rental Homes; and Building Strong, Resilient, and Inclusive Communities.
Introduced amid the economic recession, which was rooted in the housing market, HUD's 2010-2015 Strategic Plan included a focus on the following: promoting sustainable homeownership, improving outcomes for the poor and ending homelessness, enabling energy- and transportation-efficient homes, and revitalizing the US Gulf Coast.
The agency is also working to transform itself as it approaches its 50th anniversary. It is focused on using technology and business process changes to build capacity in its workforce, focus on results, and create a more open, flexible, modern work environment.
451 7TH STREET SW RM 5256
Washington, DC 20410-0001
Phone: 1 (202) 708-0417
Employer Type: Privately Owned
Chief Executive Officer: Marcella E. Belt
COO: Jim Husom
Deputy CFO: Jim Martin
Employees (This Location): 3,000
Employees (All Locations): 9,100