Department Of Housing And Urban Development

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Definition: Department Of Housing And Urban Development



Full Definition of Department Of Housing And Urban Development


The Department of Housing and Urban Development, (HUD), established in 1965, is a ministry of the US government. The Department of Housing and Urban Development strives to make homeownership affordable. The Department of Housing and Urban Development regulates Ginnie Mae, Fannie Mae and Freddie Mac. State and local governments, and non-profit organizations get funds from the Department of Housing and Urban Development to assist homeless people. The Department of Housing and Urban Development also conducts fair housing education and enforcement. Community Development Block Grants (CDBG) from the Department of Housing and Urban Development provide economic development, job opportunities and housing rehabilitation. Federal Housing Authority under the Department of Housing and Urban Development promote programs for single and multi-family home buyers. The Department of Housing and Urban Development has special programs for rental assistance and for first-time homebuyers.


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Department Of Housing And Urban Development. PayrollHeaven.com. Retrieved July 16, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/department-of-housing-and-urban-development/

Definition Sources


Definitions for Department Of Housing And Urban Development are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 7th February, 2020 | 1 Views.