Resources: Housing and Urban Development (HUD)

Resources: Housing and Urban Development (HUD)

The U.S. Department of Housing and Urban Development (HUD) sponsors a broad range of programs designed to revitalize urban neighborhoods, stimulate housing construction, encourage home ownership opportunities, and provide decent, safe, and affordable housing.  The programs are primarily directed toward low and moderate income families.  The programs are offered through various forms of federal financial assistance, including entitlements, grants, direct loans and advances, subsidies, risk-sharing programs, and mortgage insurance and rental subsidies.  HUD programs were established by housing legislation and are implemented through regulations, which are found at Title 24 of the Code of Federal Regulations.  The Department of Housing and Urban Development in Washington D.C. administers all HUD programs nationwide.

A summary of some of HUD’s programs is provided in the pages below:

  1. Insured Loans
  2. Co-insured Loans
  3. Risk Sharing
  4. Mark-to-Market
  5. Section 202 Direct loans
  6. Capital Advance Program
  7. Flexible Subsidies
  8. Rental Subsidies
  9. Monitoring of HUD Programs
  10. Real Estate Assessment Center (REAC)
  11. Enforcement Center

 

Related Links – online resources to help you and your business

U.S. Department of Housing and Urban Development: Offers information about buying a house, handbooks and forms, communities and financing. Information regarding the electronic submission of financial statements also can be found within HUD’s real estate assessment at www.hud.gov/reac.

HUDClips:  Provides all HUD handbooks that are available on-line including the HUD management Agent Handbook and many others: www.hud.gov/offices/adm/hudclips/handbooks/hsgh

HUD Audit Guide:  A direct link to the HUD audit guide: www.hud.goc/offices/oig/reports/auditguide

Real Estate Assessment Center:  Guidelines on Reporting and Attestation Requirements of Uniform Financial Reporting Standards: www.hud.gov/offices/reac/products

HUD Income Limits: A direct link to HOME limits:  http://www.hud.gov/offices/cpd/affordablehousing/programs/home/limits/index.cfm

For more information, contact us at 866.848.5700 or email info@doz.net