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:
|
Contribute
to building and preserving healthy neighborhoods
and communities; |
|
Maintain
and expand homeownership, rental
housing and healthcare opportunities; |
|
Stabilize
credit markets in times of economic disruption; |
|
Operate
with a high degree of public and fiscal accountability; and |
|
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. |