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July 27, 1947 – The Housing and Home Finance Agency is established through Reorganization Plan Number 3. July 15, 1949 – The Housing Act of 1949 is enacted to help eradicate slums and promote community development and redevelopment programs. August 2, 1954 – The Housing Act of 1954 establishes comprehensive planning assistance.
The department's mission is "to increase homeownership, support community development and increase access to affordable housing free from discrimination." [3] Secretary of Housing and Urban Development is a Level I position in the Executive Schedule, [4] thus earning a salary of US$246,400, as of January 2024. [5]
The Federal Housing Administration (FHA), also known as the Office of Housing within the Department of Housing and Urban Development (HUD), is a United States government agency founded by President Franklin Delano Roosevelt, established in part by the National Housing Act of 1934. Its primary function is to provide insurance for mortgages ...
In 1965, major revisions to federal housing policy resulted in the creation of the U.S. Department of Housing and Urban Development. The United States Congress passed and President Lyndon B. Johnson signed the Housing and Urban Development Act of 1965 on August 10, 1965, which President Johnson called "the single most important breakthrough" in ...
e. The Office of Fair Housing and Equal Opportunity (FHEO) is an agency within the United States Department of Housing and Urban Development. FHEO is responsible for administering and enforcing federal fair housing laws and establishing policies that make sure all Americans have equal access to the housing of their choice.
The Housing Act of 1937 (Pub. L. Tooltip Public Law (United States) 75–412, 50 Stat. 888, enacted September 1, 1937), formally the "United States Housing Act of 1937" and sometimes called the Wagner–Steagall Act, provided for subsidies to be paid from the United States federal government to local public housing agencies (LHAs) to improve living conditions for low-income families.
The Office of Federal Housing Enterprise Oversight (OFHEO) was an agency within the Department of Housing and Urban Development of the United States of America.It was charged with ensuring the capital adequacy and financial safety and soundness of two government sponsored enterprises—the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation (Freddie Mac).
The Government National Mortgage Association (GNMA), or Ginnie Mae, is a government-owned corporation of the United States Federal Government within the Department of Housing and Urban Development (HUD). [ 1 ] It was founded in 1968 and works to expand affordable housing by guaranteeing housing loans (mortgages) thereby lowering financing costs ...
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