Definitions for "Department of Housing and Urban Development"
HUD. Federal agency responsible for encouraging housing development.
HUD's mission is to increase homeownership, support community development and increase access to affordable housing free from discrimination. To fulfill this mission, HUD will embrace high standards of ethics, management and accountability and forge new partnerships--particularly with faith-based and community organizations--that leverage resources and improve HUD's ability to be effective on the community level.
A Cabinet-level federal government agency founded in 1965 that is responsible for stimulating housing development in the United States.