United States Department of Housing and Urban Development Company History Timeline

1965

The Housing and Urban Development Act of 1965 created HUD as a cabinet-level agency and initiated a leased housing program to make privately owned housing available to low-income families.

1968

The scope of fair housing provisions of the Civil Rights Act of 1968 was expanded, giving HUD additional enforcement responsibilities.

1973

In January 1973, President Nixon declared an 18-month moratorium on approvals for subsidized housing programs, including Sections 235 and 236.

HUD's Office of Policy Development and Research (PD&R) was created in 1973 and tasked with conducting research on priority housing and community development issues.

1974

The moratorium was rescinded in the summer of 1974.

1978

PD&R's vehicle for distributing relevant research and information, HUD USER, was launched in 1978 and today is a multi-media resource for housing stakeholders.

1983

Budgetary constraints eliminated Section 8 New Construction and Substantial Rehabilitation programs, but the Section 8 Voucher Demonstration, the Housing Development Action Grant, and Rental Rehabilitation programs were implemented by the Housing and Urban-Rural Recovery Act of 1983.

1990

The Low-Income Housing Preservation and Resident Homeownership Act of 1990 attempted to maintain the supply of affordable housing by offering project incentives to preserve low-income rental properties.

2004

America's homeownership rate reached a new record-high of 69 percent in 2004.

2005

Housing prices peaked in early 2005 and began to decline in the following year.

2010

“HUD FY 2010 Budget: Road Map for Transformation” available at http://portal.hud.gov/hudportal/HUD?src=/program_offices/cfo/reports/cforept

2012

And HUD played a lead role in the federal task force and providing assistance to the northeast states to rebuild from the devastation caused by Hurricane Sandy in 2012.

Founded
1965
Company Founded
Headquarters
Washington, DC
Company Headquarter

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