HUD is the acronym used to denote any reference to the Department of Housing and Urban Development. It has a long history, an ambitions mission, and an extensive coverage of oversight offices and services.
HUD’s Mission is to be the Federal Agency responsible for national policy programs “that address America’s housing needs, that improve and develop the Nation’s communities, and enforce Fair Housing Laws. HUD’s business is helping create a decent home and suitable living environment for all Americans, and it has given America’s communities a strong national voice at the Cabinet Level. HUD plays a major role in supporting homeownership by underwriting homeownership for lower- and moderate-income families through its mortgage insurance program.” (https://www.hud.gov/about/qaintro)
President Lyndon B. Johnson created HUD on November 9, 1965 as part of his War on Poverty when he signed the Department Of Housing and Urban Development Act. It became effective the following year on January 13, 1966, and established HUD as a Cabinet Department. The Department of Housing and Urban Development Act too so much under its umbrella that even though President Johnson didn’t sign his bill until 1965, or that it didn‘t take effect until the next year, HUD’s history stretches back to 1934 when the Federal Housing Administration (FHA) first began addressing loan requirements for homeownership and building standards.