U.S. Department of Housing and Urban Development (HUD)

Search Dictionary

Definition of 'U.S. Department of Housing and Urban Development (HUD)'

The U.S. Department of Housing and Urban Development (HUD) is a cabinet-level department of the United States government responsible for national housing policy. It was created in 1965 by President Lyndon B. Johnson as part of his Great Society legislation.

HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. The department works to ensure that every American has a safe, decent, and affordable place to live.

HUD provides a variety of programs and services to help people find and keep housing, including:

* Housing Choice Vouchers: This program helps low-income families pay rent for privately owned housing.
* Public Housing: This program provides affordable housing for low-income families, the elderly, and people with disabilities.
* Section 8 Housing: This program provides rental assistance to low-income families who live in privately owned housing.
* Homeownership Opportunities: This program provides down payment assistance and other help to low-income families who want to buy a home.
* Community Development Block Grants: This program provides funding to local governments to improve their communities.

HUD also works to promote fair housing and enforce fair housing laws. The department investigates complaints of housing discrimination and takes action to ensure that all Americans have equal access to housing.

HUD is a major player in the U.S. housing market. The department's programs and policies help millions of Americans find and keep housing. HUD also plays a key role in promoting fair housing and ensuring that all Americans have equal access to housing.

Do you have a trading or investing definition for our dictionary? Click the Create Definition link to add your own definition. You will earn 150 bonus reputation points for each definition that is accepted.

Is this definition wrong? Let us know by posting to the forum and we will correct it.