The Federal Housing Administration (FHA),also known as the Office of Housing within the Department of Housing and Urban Development (HUD),is a United States government agency founded by President Franklin Delano Roosevelt,established in part by the National Housing Act of 1934. Its primary function is to provide insurance for mortgages originated by private lenders for various types of properties,including single-family homes,multifamily rental properties,hospitals,and residential care facilities. FHA mortgage insurance serves to safeguard these private lenders from financial losses. In the event that a property owner defaults on their mortgage,FHA steps in to compensate the lender for the outstanding principal balance.
The United States Department of Housing and Urban Development (HUD) is one of the executive departments of the U.S. federal government. It administers federal housing and urban development laws. It is headed by the Secretary of Housing and Urban Development,who reports directly to the President of the United States and is a member of the president's Cabinet.
Alphonso R. Jackson served as the 13th United States Secretary of Housing and Urban Development (HUD). He was nominated by President George W. Bush on August 28,2004,and confirmed by the Senate on August 31,2004. Jackson announced his resignation on March 31,2008.
An FHA insured loan is a US Federal Housing Administration mortgage insurance backed mortgage loan that is provided by an FHA-approved lender. FHA mortgage insurance protects lenders against losses. They have historically allowed lower-income Americans to borrow money to purchase a home that they would not otherwise be able to afford. Because this type of loan is more geared towards new house owners than real estate investors,FHA loans are different from conventional loans in the sense that the house must be owner-occupant for at least a year. Since loans with lower down-payments usually involve more risk to the lender,the home-buyer must pay a two-part mortgage insurance that involves a one-time bulk payment and a monthly payment to compensate for the increased risk. Frequently,individuals "refinance" or replace their FHA loan to remove their monthly mortgage insurance premium. Removing mortgage insurance premium by paying down the loan has become more difficult with FHA loans as of 2013.
The Community Planning and Development agency within the United States Department of Housing and Urban Development (HUD) administers the grant programs that help communities plan and finance their growth and development,increase their capacity to govern,and provide shelter and services for homeless people. HUD is a national program,and HUD provides funding directly to larger cities and counties,and for smaller cities and counties,generally to state government. HUD's programs include the Community Development Block Grant Program and the HOME program.
The Office of Public and Indian Housing (PIH) is an agency of the U.S. Department of Housing and Urban Development. Its mission is to ensure safe,decent,and affordable housing,create opportunities for residents' self-sufficiency and economic independence,and assure the fiscal integrity of all program participants.
Steven C. Preston is the president and CEO of Goodwill Industries International. He formerly served as the 14th Secretary of the U.S. Department of Housing and Urban Development from 2008 to 2009 and the 22nd Administrator of the U.S. Small Business Administration from 2006 until his appointment as HUD Secretary. Before entering public service,Preston spent nearly 25 years in financial and operational leadership positions in the private sector.
Romolo Albert "Roy" Bernardi is an American politician from Syracuse,and former United States Deputy Secretary of Housing and Urban Development (HUD). He was nominated by President George W. Bush on June 24,2004,and confirmed by the United States Senate on November 21,2004.
Keith Gottfried is a strategic advisor to public companies and their board of directors in the areas of shareholder activism preparedness and defense. Over the course of a career that spans more than 30 years,Gottfried has advised numerous public companies and their boards of directors on shareholder activism preparedness and defense,including in connection with high-profile proxy contests,special meeting demands,consent solicitations,and withhold vote/vote no campaigns,as well as unsolicited takeover offers and negotiated and contested M&A situations. Earlier in his career,Gottfried served as a senior official in the administration of President George W. Bush and was notably nominated by President Bush on July 29,2005,and unanimously confirmed by the U.S. Senate on October 7,2005,to serve as the 19th General Counsel for the United States Department of Housing and Urban Development (HUD)..
The Assistant Secretary for Housing,who also carries the title Federal Housing Commissioner,is a position within the United States Department of Housing and Urban Development. The Assistant Secretary is responsible for overseeing the $400 billions Federal Housing Administration insurance portfolio. He or she also oversees the Department of Housing and Urban Development's regulatory responsibilities in the areas of the Real Estate Settlement Procedures Act,the housing mission of Fannie Mae and Freddie Mac,and the manufactured housing industry.
Raymond P. Martinez was a Senior Advisor at the U.S. Department of Transportation and the former Administrator of the Federal Motor Carrier Safety Administration. From 2010 to 2018,Martinez served as the New Jersey Motor Vehicle Commission Chair and Chief Administrator in the Cabinet of Governor Chris Christie. He previously served as Deputy Chief of Protocol for the United States Department of State and as New York State Commissioner of Motor Vehiclesin the Cabinet of Governor George Pataki.
John David Trasviña is a human rights attorney. He is the former dean of the University of San Francisco School of Law. Previous to that,he was assistant secretary of the Office of Fair Housing and Equal Opportunity in the U.S. Department of Housing and Urban Development,president and general counsel of the Mexican American Legal Defense and Educational Fund (MALDEF),and special counsel for Immigration Related Unfair Employment Practices at the U.S. Department of Justice. He was named principal legal advisor at U.S. Immigration and Customs Enforcement in January 2021.
Shaun Lawrence Sarda Donovan is an American government official and housing specialist who served as United States Secretary of Housing and Urban Development from 2009 to 2014,and Director of the US Office of Management and Budget from 2014 to 2017. Prior to that,he was the Commissioner of the New York City Department of Housing Preservation and Development from 2004 to 2009 under Mayor Michael Bloomberg.
Ronald Allan "Ron" Rosenfeld is an American politician and housing expert. Rosenfeld has previously served in numerous U.S. federal and Oklahoma state government positions relating to housing. He served as chair of the Federal Housing Finance Board and president of the Government National Mortgage Association under president of the United States George W. Bush and as Oklahoma Secretary of Commerce under governor of Oklahoma Frank Keating.
Housing discrimination in the United States refers to the historical and current barriers,policies,and biases that prevent equitable access to housing. Housing discrimination became more pronounced after the abolition of slavery in 1865,typically as part of Jim Crow laws that enforced racial segregation. The federal government didn't begin to take action against these laws until 1917,when the Supreme Court struck down ordinances prohibiting blacks from occupying or owning buildings in majority-white neighborhoods in Buchanan v. Warley. However,the federal government as well as local governments continued to be directly responsible for housing discrimination through redlining and race-restricted covenants until the Civil Rights Act of 1968.
Saul N. Ramirez Jr. is an American politician,businessman,and former official in the United States Department of Housing and Urban Development.
Pamela Hughes Patenaude is a former United States Deputy Secretary of Housing and Urban Development,having served from September 2017 to January 2019,under President Donald Trump.
Suzanne Israel Tufts is an American consultant and attorney. She is a former Assistant Secretary of Administration at the United States Department of Housing and Urban Development (HUD),having resigned in October 2018.
J. Michael Dorsey is a retired American attorney and administrator. He served as General Counsel of the U.S. Department of Housing and Urban Development (HUD) from 1987–1989,Administrative Counsel of the Office of the Chief Administrative Officer of the U.S. House of Representatives (CAO) from 1995–2003,and Chief of Administrative Services of the U.S. Department of Homeland Security (DHS) from 2003–2004. He was briefly Acting Secretary of Housing and Urban Development in 1989 during the transition from the Reagan to the Bush administrations.
