Department of Housing and Urban Development

Budget, Performance and Financial Snapshot Fiscal Year 2008

Who We Are

Mission: The mission of the Department of Housing and Urban Development is to increase homeownership, support community development, and increase access to affordable housing free from discrimination. http://www.hud.gov/offices/cfo/stratplan.cfm

Organization: The Department's headquarters is in Washington D.C. and it has 80 field offices across the Nation. The organizational model for the Department includes the use of third party intermediaries or business partners in the delivery of most of HUD?s community development, rental housing assistance, and housing mortgage insurance programs. These partnerships include state and local governments, non-profit sponsors, public housing agencies, private landlords, and mortgage lending institutions. HUD's Organization Chart: http://www.hud.gov/offices/adm/about/admguide/orgcharts/hud.pdf

Personnel: The Department has 9,433 full time equivalent employees, the majority of whom are located in field offices. HUD Jobs: http://www.hud.gov/jobs/index.cfm

Budgetary Resources: HUD's budgetary resources of $52.3 billion in FY08 equates to $171 for every American.


Budget Snapshot

Total Spending FY 2005-2009
Total Outlays
 Mandatory $443 $457 $-3,429 $1,554 $-2,204
 Discretionary $42,010 $41,978 $48,990 $50,715 $47,834
Total $42,453 $42,435 $45,561 $52,269 $45,630
$ in millions
Top 5 Programs By Budget
  Top 5 Programs
  Tenant-Based Rental Assistance Project Based Rental Assistance Community Development Block Grant Program Public Housing Operating Fund Public Housing Capital Fund
2008 $15,697 $6,378 $6,864 $4,200 $2,422
2009 $16,031 $6,995 $2,791 $4,300 $2,009
$ in millions

Performance Snapshot

Accomplishments: In FY 2008, the Department assisted in strengthening homeownership by providing 1.2 million Federal Housing Administration endorsements, providing housing counseling for over 1 million clients, and exceeding the pace for adding 5.5 million minority homeowners between 2002 and 2010. The Department assisted communities across the nation through many programs, including the $4 billion formula Community Development Block Grant, HOME, Homeless Assistance Grants, and Housing for Opportunities for Persons With AIDS programs. HUD programs also assisted 4.7 million targeted low-income clients with affordable housing. The Department continued to enforce and educate the nation on Fair Housing rights and responsibilities.

Challenges: The Department continues to support the national mortgage market through FHA?s insurance programs that provide a safe, affordable financing option that is particularly needed by first-time homeowners and those threatened by foreclosure. The Department continues to support community and economic development seeking to target limited resources to the areas of greatest need. It also provides substantial resources in response to natural disasters and other emergencies. HUD's work continues to further reduce housing discrimination, end lead poisoning in children, and preserve 4.7 million affordable rental housing units.
Financial Snapshot
Clean Opinion on Financial Statements Yes
Timely Financial Reporting Yes Material Weaknesses 0
Improper Payment Rate 3.5 Total Assets $125,036
Total Liabilities $30,521 Net Cost of Operations $57,154
$ in millions
  Footnote: None.

Summary of Department of Housing and Urban Development Ratings for Fiscal Year 2008

 
                        FY 2008 Performance
Results per Strategic Goal
  Met/Exceeded     Not met but improved over prior years
  Not met target     Data not yet available
Budget per Strategic Goal
($ in millions)
Strategic Goal: Increase Homeownership Opportunities
Opening doors to homeownership is a core aspect of HUD?s mission. Homeownership helps stabilize neighborhoods, strengthen communities, and stimulate economic growth.
 
Sample chart
          
2008 Actual = $2,839
Performance Measure(s)* 2006 Results 2007 Results 2008 Target 2008 Results 2009 Target
Promote affordable homeownership opportunities (in units). 215,521 178,115 166,375 178,766   155,005
Strategic Goal: Promote Decent Affordable Housing
Making affordable housing opportunities available to targeted income populations reduces worst case housing needs. Worst case housing needs reflect rents that are either more than 50% of available income or of poor physical quality.
 
Sample chart
          
2008 Actual = $24,977
Performance Measure(s)* 2006 Results 2007 Results 2008 Target 2008 Results 2009 Target
Rental households units assisted through major HUD programs. 177,882 141,988 123,495 134,020   123,732
Strategic Goal: Strengthen Communities
Providing communities across the Nation with resources and tools to promote economic development and community vitality (Results below are % of CDBG funds expended).
 
Sample chart
          
2008 Actual = $18,302
Performance Measure(s)* 2006 Results 2007 Results 2008 Target 2008 Results 2009 Target
Grantees expend at least 90% of CDBG funds to aid low- and moderate- income persons. N/A N/A 90.0% 95.6%   90.0%
Strategic Goal: Ensure Equal Opportunity in Housing
The Department, through its Fair Housing Assistance Program (FHAP) enforces and educates on a body of civil rights and fair housing laws that protect all of our citizens.
 
Sample chart
          
2008 Actual = $50
Performance Measure(s)* 2006 Results 2007 Results 2008 Target 2008 Results 2009 Target
Increase the efficiency of fair housing complaint processing by ensuring that FHAP agencies close or charge 95% of their aged Fair Housing complaints within the fiscal year. N/A N/A 95.0% 97.0%   95.0%
Strategic Goal: Embrace High Standards of Ethics, Management, and Accountability
This strategic goal reports on HUD?s efforts to improve management and operational activities in all areas so as to provide more effective and efficient results.
 
Sample chart
          
2008 Actual = $4,951
Performance Measure(s)* 2006 Results 2007 Results 2008 Target 2008 Results 2009 Target
The rate of program errors and improper payments in HUD's rental housing assistance program will be reduced. 5.4% 5.5% 4.6% 3.5%   3.2%
Strategic Goal: Promote Participation of Faith-Based and Community Organizations
This Strategic Goal supports HUD?s efforts to maximize the opportunities for Faith Based and Community Development Organizations to participate in HUD-sponsored programs.
 
Sample chart
          
2008 Actual = $0
Performance Measure(s)* 2006 Results 2007 Results 2008 Target 2008 Results 2009 Target
Conduct outreach and provide technical assistance sessions to faith-based and community organizations. N/A 52 30 68   40
  * This measure was selected from a number of performance measures aimed at the specific strategic goal