U.S. Department of Housing and Urban Development

What U.S. Department of Housing and Urban Development does

HUD is a U.S. federal executive department established in 1965 and headquartered at 451 7th Street SW, Washington, DC (with a relocation of approximately 3,000 staff to Alexandria, Virginia underway). Its mandate is national housing policy and program administration, and it serves roughly 9 million Americans directly while funding a delivery network of more than 4,000 local Continuum of Care coalitions and thousands of public housing authorities across all 50 states and territories.

The department's product portfolio centers on FHA mortgage insurance (covering approximately $2 trillion in mortgages with a $188.87 billion Mutual Mortgage Insurance Fund), the Housing Choice Voucher Program (Section 8), Public and Indian Housing, the Continuum of Care homelessness program (over $4 billion annually), Community Development Block Grants, the Home Equity Conversion Mortgage (HECM) reverse-mortgage program, Opportunity Zones, and the Green Resilient Retrofit Program. Operationally, HUD runs multiple legacy IT systems for eligibility determination (PIC, TRACS, EIV), integrates with the DHS SAVE verification system, and provides partner enablement via the HUD Exchange and Data.hud.gov platforms.

HUD's funding flows from congressional appropriations and FHA insurance premiums rather than commercial revenue; it serves low-income individuals and families, veterans experiencing homelessness, chronically homeless individuals, first-time homebuyers, affordable housing developers, and state/local housing authorities. Current Secretary Scott Turner leads the agency under significant restructuring, including 25%–50% workforce reduction directives, the FHA Commissioner transition (Frank Cassidy departed June 1, 2025), and an attempted overhaul of the Continuum of Care funding formula that has been blocked in federal court.

Name

U.S. Department of Housing and Urban Development

Legal name

U.S. Department of Housing and Urban Development

Website

https://portal.hud.gov

Company type

Private

Founded year

1965

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

HUD is a U.S. federal executive department, established in 1965, that administers FHA mortgage insurance, rental vouchers, public housing, and homelessness grants serving roughly 9 million Americans through 4,000+ local coalitions and public housing authorities across all 50 states.

Ownership category

akta.pro rank

Product category

Federal Housing Assistance

NAICS

Administration of Housing Programs (925110), Administration of Housing Programs, Urban Planning, and Community Development (9251), Community Housing Services (62422), Administration of Housing Programs (92511)

SIC

Federal & Federally-Sponsored Credit Agencies (6111), Mortgage Bankers & Loan Correspondents (6162), Services-Social Services (8300)

akta.pro primary industry

National Housing Finance Agencies & Ministries (FSALAKAB)

akta.pro secondary industries

Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF), Government Mortgage Insurance & Guarantees (FHA/VA/USDA and equivalents) (FSALAJAC), Down Payment Assistance (DPA) & Homebuyer Subsidy Programs (FSALAKAE), Public & Affordable Housing Programs (Subsidies, Vouchers, Public Housing) (BPAIANAA)

Keywords

• Federal housing assistance
• Affordable housing programs
• Mortgage insurance
• Community development grants
• Homelessness services

Headquarters

HQ city

Washington

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Others, Technology or R&D, Infrastructure

Revenue model

1. FHA Mortgage Insurance Premiums: FHA collects insurance premiums from lenders on insured mortgages, maintaining the Mutual Mortgage Insurance Fund which stood at $188.87 billion with a combined capital ratio of 11.47%
2. Federal Appropriations: HUD receives annual congressional appropriations to fund rental assistance, community development, homelessness programs, and administrative operations
3. CDBG and Grant Programs: Community Development Block Grant formula allocations and competitive grants to state and local governments for housing and community development

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels4 records

Core offering

HUD administers federal housing assistance programs that fund rental vouchers, public housing, FHA mortgage insurance, homelessness services, and community development grants across the United States. The department distributes over $4 billion annually to approximately 4,000 local coalitions through the Continuum of Care program, insures a $2 trillion mortgage portfolio through the Federal Housing Administration, and operates a network of public housing authorities serving millions of low-income households. Its core outputs are housing subsidies, mortgage insurance, fair housing enforcement, and block grants delivered through federal-state-local partnerships.

Product overview

HUD operates as a federal department managing a comprehensive portfolio of housing assistance programs. The core offerings include the Housing Choice Voucher Program for rental assistance, FHA mortgage insurance for homeownership, Public and Indian Housing, and the Continuum of Care Program for homelessness services. Additional offerings include the Home Equity Conversion Mortgage (HECM) reverse mortgage program, Community Development Block Grants (CDBG), Opportunity Zones economic development incentives, and the Green Resilient Retrofit Program for energy efficiency. HUD also provides the HUD Exchange platform for partner training and resources. The department manages the Mortgagee Compliance Manager (MCM) program for FHA asset oversight and the Rental Assistance Demonstration (RAD) program for public housing modernization.

Differentiator

Problem solved

Functional benefit

Products and services

• Housing Choice Voucher Program (Section 8) Federal rental assistance program providing vouchers to low-income families, elderly individuals, and disabled persons to afford housing in the private rental market.
• FHA Mortgage Insurance Federal Housing Administration mortgage insurance program enabling approved lenders to offer affordable home loans to qualified buyers, with current portfolio responsible for $2 trillion in mortgages.
• Public and Indian Housing Public housing assistance programs administered through local public housing authorities serving low-income Americans, including Native American housing programs.
• Continuum of Care Program Federal grant program providing housing and supportive services for homeless individuals and families, distributing over $4 billion annually through approximately 4,000 local coalitions.
• Opportunity Zones Economic development program providing tax incentives to encourage long-term investment in designated low-income communities across the United States.
• Home Equity Conversion Mortgage (HECM) FHA-insured reverse mortgage program allowing senior homeowners aged 62 and older to convert home equity into loan proceeds for retirement or other needs.
• Section 232 Express Lane Expedited FHA financing process for senior housing and healthcare facilities providing faster loan approval for residential care and skilled nursing facilities.
• Green Resilient Retrofit Program (GRRP) Program providing grants and loans for energy-efficiency and climate-resilience improvements in multifamily housing properties.
• Community Development Block Grant (CDBG) Federal grant program providing state and local governments with flexible funding to address a wide range of community development and affordable housing needs.
• Rental Assistance Demonstration (RAD) Program allowing public housing authorities to convert public housing assistance to long-term project-based Section 8 contracts to enable property reinvestment.
• Mortgagee Compliance Manager (MCM) Program Program administering compliance oversight, pre- and post-conveyance coordination, and claims activities for FHA-insured housing assets.

Quantifiable outcome

• HUD and VA announced funding to support over 2,500 homeless veterans
• +3 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

Nine partnerships are on record, tiered core, major and minor.

• U.S. Department of Veterans Affairs (VA)coreStrategic or Co-development Partner · 26 June 2026HUD and VA jointly announced funding to support over 2,500 homeless veterans. The partnership includes the HUD-VA Supportive Housing (VASH) program combining rental vouchers with case management and clinical services. VA provides healthcare and mental health services while HUD provides housing vouchers through public housing authorities.
• Los Angeles Homeless Services Authority (LAHSA)majorStrategic or Co-development Partner · 18 June 2026HUD suspended over $220 million in Continuum of Care grants to LAHSA amid fraud investigations. HUD alleges LAHSA failed to document motel housing usage and had approximately $513 million in unspent homelessness funding. LAHSA must request an appeal hearing within 30 days.
• National Alliance to End HomelessnessmajorChannel Partner/ Reseller/ Distributor · 29 May 2026HUD partners with the National Alliance to End Homelessness and other advocacy groups on Continuum of Care program administration. The Alliance has warned that policy changes could push 200,000 individuals into homelessness.
• CVS HealthminorStrategic or Co-development Partner · 21 May 2026CVS Health collaborated with Diocese of Camden and The Walters Group to support The Mews at St. Mary, a 75-unit senior affordable housing project in Williamstown, New Jersey. CVS invested $9 million with financing through HUD and NJHMFA, aiming to provide health and social services to residents.
• Federal Housing Finance Agency (FHFA)coreStrategic or Co-development Partner · 22 April 2026HUD and FHFA jointly announced adoption of new credit scoring models (FICO 10T and VantageScore 4.0) for mortgage underwriting. HUD Secretary Scott Turner and FHFA Director Bill Pulte coordinated the policy change to expand mortgage access, with 21 top lenders already approved and $10 million in loans delivered under trial program.
• National Institute of Building Sciences (NIBS)coreStrategic or Co-development Partner · 7 April 2026NIBS and MOD X convened the HUD Breakthrough Regional Pilots Summit in Washington, DC, bringing together six U.S. regions to share strategies for advancing offsite construction. The two-year HUD-funded project featured presentations from Minnesota, Virginia, Greater Boston, Utah, Washington, and California on regional action plans.
• North Carolina Housing Finance AgencymajorChannel Partner/ Reseller/ Distributor · 20 March 2026HUD North Carolina collaborated with the North Carolina Housing Finance Agency to open Ford City Motor Senior Housing Complex in Salisbury, North Carolina. The 64-unit affordable senior housing project included 36 HUD-funded expansion units with rental assistance through HUD's 202 PRAC program.
• Ginnie MaecoreStrategic or Co-development Partner · 13 March 2026Ginnie Mae, a government-owned corporation within HUD, will accept VantageScore 4.0 and FICO 10T credit models for Ginnie Mae mortgage-backed securities, supporting the expansion of alternative credit scoring in government-insured mortgages.
• Florida Housing Finance CorporationmajorChannel Partner/ Reseller/ Distributor · 5 February 2026HUD 221(d)(4) construction loan used for Fairfield Avenue Apartments, a 264-unit affordable and workforce housing community in St. Petersburg, Florida. The project was the first approved under Florida's House Bill 1339, with Pinellas County Housing Authority owning and managing the property.

Scale indicators14 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Fannie Mae: Government-sponsored enterprise providing liquidity to the U.S. mortgage market and supporting affordable housing through the Duty to Serve program. Closely comparable to FHA in expanding mortgage credit access, with overlapping lender relationships and counter-cyclical affordable housing mandates.
• Ginnie Mae: Government-owned corporation within HUD that guarantees mortgage-backed securities backed by FHA-insured and other government loans. Comparable in channel function: aggregating federal-housing credit exposure into tradable MBS and recently aligning with HUD and FHFA on the FICO 10T / VantageScore 4.0 rollout.
• Freddie Mac: Government-sponsored enterprise purchasing and securitizing single-family and multifamily mortgages. Pairs with FHA in serving low- and moderate-income borrowers through Mission Index products and affordable multifamily lending.
• USDA Rural Development: The other principal federal provider of affordable housing credit, administering Section 502 direct and guaranteed home loans, Section 515 rural rental housing, and Section 521 Rental Assistance — a direct functional counterpart to HUD's FHA, Section 8, and rental programs for rural populations.

Regional players

• California Department of Housing and Community Development: State-level housing finance and policy agency administering multifamily programs, homeowner tax credits, and CDBG-equivalent state funds, partnered with HUD on California-region Continuum of Care and multifamily financing.
• New Jersey Housing and Mortgage Finance Agency: State HFA partnering with HUD on multifamily financing (used on The Mews at St. Mary). Operates mortgage revenue bond programs analogous to HUD's MRB activity and is a representative state-HFA counterpart.
• Florida Housing Finance Corporation: State HFA partnering with HUD on HUD 221(d)(4) loans (used on Fairfield Avenue Apartments). Directly comparable as a state-level agency deploying federal HUD credit programs to deliver affordable and workforce housing.

Others

• FEMA (Federal Emergency Management Agency): Federal agency that frequently partners with HUD on disaster recovery (e.g., individual assistance and Public Assistance feeding into CDBG-DR). Comparable as a sister federal grant-making entity whose funding flows interface with HUD housing programs.
• National Council of State Housing Agencies (CSHA): Trade association representing state HFAs that serve as HUD's principal state-level distribution partners for MRBs, HOME funds, LIHTC, and multifamily allocations. Comparable as the aggregated conduit for HUD programs below the federal layer.

Broad incumbents

• Federal Housing Finance Agency (FHFA): Federal regulator of the GSEs (Fannie Mae, Freddie Mac, and the 11 Federal Home Loan Banks) and a recent HUD partner on credit scoring and affordability policy. Comparable as the federal housing finance supervisor whose decisions interact directly with FHA's $2 trillion mortgage portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/hudgov
• YouTubeyoutube.com/user/HUDChannel
• Facebookfacebook.com/HUD
• LinkedInlinkedin.com/company/hud
• Instagraminstagram.com/hudtweet

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

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M&A

Investments32 records

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Frequently asked questions about U.S. Department of Housing and Urban Development