Real Estate Glossary

The U.S. Department of Housing and Urban Development (HUD) is a federal government agency that is responsible for national policy and programs related to housing and community development. HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. The agency works to ensure that every American has access to safe, decent, and affordable housing and that they are able to live in communities that are free from discrimination. Some of the programs and services offered by HUD include: The Federal Housing Administration (FHA) which provides mortgage insurance on loans made by FHA-approved lenders. The Community Development Block Grant (CDBG) program, which provides funding to states, local governments, and nonprofit organizations for community development projects. The Section 8 housing choice voucher program, which provides rental assistance to low-income families. The HOME Investment Partnerships Program, which provides funding to states and local governments to create affordable housing for low-income families. The Fair Housing Act, which prohibits discrimination in the sale, rental, and financing of housing based on race, color, national origin, religion, sex, familial status, and disability. HUD also works closely with other government agencies, such as the U.S. Department of Agriculture (USDA) and the U.S. Environmental Protection Agency (EPA), as well as with private sector partners and community organizations, to address housing and community development needs across the country.