Here at Casandra Properties, we are asked quite often what is HUD, and what does HUD mean. To answer this with any accuracy, I think it’s important we explore the History of HUD, what does HUD stand for and what does HUD do.
HUD (Housing and Urban Development) was formed and became a cabinet-level position in 1965. Then President Lyndon B. Johnson created the department as part of his Great Society program. Its mission was to focus on urban housing issues.
HUD does several things. It provides rental assistance to several million households across the country. The agency works to address homelessness and build public housing. It also works to provide a bridge for potential homeowners in connecting them to affordable housing. Let’s take a brief look at