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The U. S. Department of Housing and Urban Development (HUD) is a federal agency dedicated to strengthening and supporting the housing market.

How It Works

HUD is a cabinet-level agency. Formed in 1937, HUD's responsibilities are primarily:

To protect housing consumers
To encourage production of affordable rental housing
To prevent and punish discrimination in housing

The Fair Housing Act of 1968 gives the department most of its authorities to punish discrimination in housing. The act also established the Government National Mortgage Association (GNMA) to increase the availability of mortgages.

Why It Matters

Homeownership and decent housing are important in an economy. Beyond just physical structures, homes encourage employment, build communities, stabilize public safety, strengthen infrastructure and promote education.

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