Business, Legal & Accounting Glossary
HUD. Federal agency responsible for encouraging housing 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.
You need to make sure that you are not doing anything that will get you a reprimand from HUD when you do real estate deals.
While working on plans for the new apartment building, the architect in my workgroup had to call HUD to make sure we did not violate any laws.
In the United States in order to get public assistance with low-cost housing, you must meet the standards and regulations published by HUD, the Department of Housing and Urban Development.
Office of Interstate Land Sales Registration
Federal Insurance Administration
Federal Housing Administration
transfer of physical assets (TPA)
income limits
HUD median income
closing statement
Section 8 housing
protected class
public housing authority bond
Office of Interstate Land Sales Registration
transfer of physical assets (TPA)
HUD median income
protected class
Guaranteed Mortgage Price Agreement (GMPA)
manufactured housing
income limits
closing statement
HUD-1 statement
HUD median income
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This glossary post was last updated: 5th November, 2021 | 0 Views.