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More often than not, yau’U hear or read where HUD is spending billions to improve the nation’s housing. Have you wondered just what HUD is and if it could be of help to vou?
HUD, the U.Jk* Department of Ho^sifig and Urban DeveloprrtPtit, is a cabinet agency started in 1965. It employs over 15,000 people and has an operating budget of roughly $14 billion. HUD insures homeowner mortgages, assists in neighborhood rehabilitation programs, subsidizes rents for low-income families, and promotes solutions to urban housing problems by working with cities and states.
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