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What is the HUD Government Program?

April 26, 2017Estate government HOUSING HUD income low program

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What is the HUD Government Program?

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Established in 1965, the HUD (U.S. Department of Housing and Urban Development) government program offers all United States citizens access to affordable housing through special programs, such as FHA loans, grants and tax credits.HistoryHUD was created in 1965 as part of President Lyndon Johnson’s Great Society program.Fair Housing ActIn 1968, HUD established the Fair Housing Act, which prohibits discrimination concerning the sale, rental and financing of housing based on race, religion, national origin, sex, handicap and family status.FHA LoansThe FHA (Federal Housing Administration) is the largest government insurer of mortgages through HUD. The FHA offers mortgage insurance on single-family, multifamily and manufactured homes through FHA-approved lenders.GrantsHUD awards grants to organizations to help low-income individuals receive decent housing, a suitable living environment and economic opportunities.