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 the following key 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.
Healthcare Programs
HUD's national Healthcare programs provide mortgage insurance to healthcare facilities such as acute care hospitals, nursing homes, assisted living facilities, and board and care homes.
Regulatory Programs
HUD's Regulatory programs are designed to assist homeowners, homebuyers, and regulate real estate transactions.
Housing Counseling
HUD provides support to a nationwide network of Housing Counseling Agencies (HCA) and counselors. HCA's are trained and approved to provide tools to current and prospective homeowners, renters so that they can make responsible choices to address their housing needs in light of their financial situations.