The
Office of Housing provides vital public services through its nationally
administered programs. It oversees the Federal
Housing Administration (FHA), the largest mortgage insurer in
the world, as well as regulates housing industry business.
The
mission of the Office of Housing is to:
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Contribute
to building and preserving healthy neighborhoods
and communities;
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Maintain
and expand homeownership, rental
housing and healthcare opportunities;
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Stabilize
credit markets in times of economic disruption;
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Operate
with a high degree of public and fiscal accountability; and
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Recognize
and value its customers, staff, constituents and partners. |
Within the Office of Housing are three business areas:
Single
Family Housing
HUD's
Single Family programs include mortgage insurance on loans to purchase
new or existing homes, condominiums, manufactured housing, houses
needing rehabilitation, and for reverse equity mortgages to elderly
homeowners.
Multifamily Housing
HUD's Multifamily programs provide mortgage insurance to HUD-approved
lenders to facilitate the construction, substantial rehabilitation,
purchase and refinancing of multifamily housing projects and healthcare
facilities.
Regulatory
Programs
HUD’s
Regulatory programs are designed to assist homeowners, homebuyers,
and regulate real estate transactions.
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