The U.S. Department of Housing and Urban Development (HUD) turns the big 5-0 this year, and that deserves a tip of the hat by way of a timeline. To commemorate the department's history of creating communities of opportunity, HUD has set up a new site (#HUDat50) with an interactive timeline and sidebars tracing back to when President Lyndon B. Johnson signed the act establishing the department in 1965. What are some of the major highlights and grant programs in HUD history? The sample below is a great reminder of the importance of these programs to communities across the United States:
HUD Milestones and Programs
- Title VIII of the Civil Right Act of 1968 (Fair Housing Act) – Riots in major cities follow the assassination of Dr. Martin Luther King, Jr. Title VIII of the Civil Rights Act of 1968, commonly known as the Fair Housing Act, outlaws most housing discrimination and gives HUD enforcement responsibility. The act establishes the Government National Mortgage Association (Ginnie Mae) to expand availability of mortgage funds for moderate-income families using government guaranteed mortgage-backed securities.
- Community Development Block Grant (CDBG) Program, Section 8 Tenant-Based Certificates, Housing and Community Development Act (1974) – HUD consolidates programs into the Community Development Block Grant program. Section 8 tenant-based certificates increase low-income tenants' choice of housing.
- Urban Development Action Grants (UDAG) (1977) – Grants authorized to assist designated distressed communities.
- Housing and Urban-Rural Recovery Act of 1983 – Establishes Housing Development Action Grant and Rental Rehabilitation programs.
- HUD Helps to House First Nation's Peoples from Coast to Coast (1988) – Indian Housing Act gives HUD new responsibilities for housing needs of Native Americans and Alaskan Indians. Housing and Community Development Act allows for the sale of public housing to resident management corporations. Fair Housing Amendments Act makes it easier for victims of discrimination to file lawsuits, and stiffens penalties for offenders.
- Cranston-Gonzalez National Affordable Housing Act, Low-Income Housing Preservation and Residential Homeownership Act (1990) – Cranston-Gonzalez National Affordable Housing Act emphasizes homeownership and tenant-based assistance, launches HOME housing block grant. Low-Income Housing and Preservation and Residential Homeownership Act of 1990 fortifies federal commitment to preservation of assisted low-income, multifamily housing.
- "Blueprint for Reinvention of HUD" (1995) – Proposes sweeping changes in public housing reform and Federal Housing Administration (FHA), and consolidation of other programs into three block grants.
- Housing and Economic Recovery Act (HERA) (2008) – Addresses the subprime mortgage crisis of 2008, allowing the FHA to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers.