Sunday, January 27, 2013

About HUD - US Department of Housing and Urban Development

About HUD - United States Department of Housing and Urban Development

HUD(This information taken from the HUD website.) The US Department of Housing and Urban Development (HUD) truly came into existence as an independent federal agency in 1965; click here for additional historical details. HUD’s mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD is working to strengthen the housing market to bolster the economy and protect consumers; meet the need for quality affordable rental homes: utilize housing as a platform for improving quality of life; build inclusive and sustainable communities free from discrimination; and transform the way HUD does business.

HUD includes the Federal Housing Administration (FHA), which insures mortgage loans and allows tens of millions of Americans to purchase homes.

HUD's strategic plan includes the following in the years to come (as of January, 2013):

Promoting Sustainable Homeownership          

  • Assisting homeowners who are at risk of losing their homes due to foreclosure.  

  • Restoring the Federal Housing Administration’s excess capital reserves.

Improving Outcomes for the Poorest Families

  • Reducing the number of households with worst case housing needs.  

  • Increasing the proportion of HUD-assisted families in low-poverty and racially diverse communities.

Ending Homelessness

  • Reducing the number of chronically homeless families, individuals, and veterans.

Catalyzing Energy- and Transportation-Efficient Homes

  • Completing cost-effective energy and green retrofits of public, assisted, and other HUD-supported affordable homes.

  • Reducing the share of household income spent on the combined costs of housing and transportation.  

Revitalizing the Gulf Coast         

  • Expanding the rate of occupied or repurposed Gulf Coast homes in Louisiana, Mississippi, and Texas severely impacted by Hurricanes Katrina and Rita from 2005.

Transforming HUD

  • Making HUD the “Most Improved Large Agency” in the Best Places to Work in the Federal Government report.

  • Increasing the percentage of customers that are “satisfied” or “very satisfied” with “Timeliness of Decision-Making” as measured in the survey of Partner Satisfaction with HUD’s Performance.