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Department of Housing

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Loata Fine

on 4 February 2015

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Transcript of Department of Housing

Department of Housing
and Urban Development

design by Dóri Sirály for Prezi
Affordable housing for ALL
Inclusive/sustainable communities free of discrimination
Strengthen housing market to boost economy
Improve quality of life
Mission & Purpose
Implement programs that support goals
Functions of HUD
Secretary of Dept. of HUD
8,000 employees
Budget of $46 billion
Appoint departmental reps
Participate in governmental bodies
All powers of dept. vested in secretary
Roles of Secretary
Head of institution: Julian Castro
Democrat - San Antonio, TX
Studied law at Stanford Univ.
San Antonio city council and mayor
Known as national leader of urban development
Sworn in as 16th sec of HUD - July 2014
Purpose of HUD
Federal Housing Administration


Great Depression
FHA - National Housing Act of 1934
Regulate interest rates
Provides mortgage insurance on loans
Affordable housing
Choice Neighborhoods
Replace distressed public housing w/ HQ mixed-income
Public and private reinvestment
Redevelop neighborhoods
Connect w/ good schools and jobs
by: Loata Fine
HUD Taking Action
Fair Housing and Equal Opportunity
Establish policies > Americans have (=) access to housing
Federal law -> prohibits housing discrimination based on race, color, national origin, religion, sex, family status, or disability
If violated, file a complaint
Monday January 26, 2014
Funds $1.8 billion to local homeless programs across country
Housing solutions for veterans, families, and youth
California: 1001 programs funded, $307,573,759
Virgin Island: 2 programs funded $133,218
(+) for society & environment
Treasury + HUD
Thursday December 4, 2014
Treasury and HUD enhanced HAMP
Provide relief to struggling homeowners and communities
Lower monthly payments
Increase opportunity to build equity in homes
Stabilize local communities & nation's economic momentum
Full transcript