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About Department of Housing and Urban Development

Department of Housing and Urban Development
Year Founded: 1965

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The U.S. Department of Housing and Urban Development is the executive federal agency in charge of facilitating the home ownership market and promoting fair residence access. HUD's Washington, DC-based team does this through upholding housing laws, economically reinforcing the housing market, ensuring rental availability and extinguishing discrimination in community housing practices. It operates with an annual budget of $60.3 billion and was created as part of LBJ's “Great Society” project.

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