The Department of Housing and Urban Development (HUD) is a federal agency that administers national programs aimed at reducing homelessness, providing safe and affordable housing to all persons, improving opportunities to access affordable homeownership, and granting subsidize to lower-and moderate-income families to give them equal opportunities in the rental and purchase housing markets. HUD also enforces the Fair Housing Act and the Fair Housing Amendments Act.
The main programs administered by the HUD are:
- The Housing Choice Voucher Program (Section 8).
- Community Development Block Grants (CDBG).
- HOME Investment Partnership.
- Mortgage and loan insurance programs through the Federal Housing Administration.
[Last updated in August of 2021 by the Wex Definitions Team]