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
Recognize and value its customers, staff, constituents and partners
Within the Office of Housing are four business areas:
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.
HUD's Multifamily programs provide mortgage insurance to HUD-approved lenders to facilitate the construction, substantial rehabilitation, purchase and refinancing of multifamily housing projects.
HUD's Healthcare programs provide mortgage insurance on loans that finance the construction, renovation, acquisition, or refinancing of healthcare facilities such as hospitals and residential care facilities.
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.
HUD's Regulatory programs are designed to assist homeowners, homebuyers, and regulate real estate transactions.