Transforming a Federal Agency

Appendix FList of HUD's Accomplishments in 2018 and 2019US Department of Housing and Urban Development 2019 Accomplishments

Advancing Economic Opportunity

Under Secretary Ben Carson, HUD is advancing economic opportunity for low-income families through homeownership, workforce training, educational advancement, and health and wellness programs. Specifically, HUD:

• Submitted a Housing Finance Reform Plan to the president, which accomplishes four objectives: refocuses FHA to its core mission, protects American taxpayers, provides FHA and Ginnie Mae with tools to appropriately manage risk, and provides liquidity to the housing finance system.
• Served over 990,000 single-family homebuyers, the majority of whom were first-time low- to moderate-income and minority homebuyers, through HUD's Federal Housing Administration (FHA)–insured mortgage programs in FY 2019.
• Oversaw the production or preservation of over 2.6 million insured and assisted multifamily rental units and provided over $4.3 billion in insurance for hospitals and residential care facilities in FY 2019.
• Developed more than 19,000 homes through the HOME Investment Partnerships Program and Self-Help Homeownership Opportunity Program (SHOP). This included 10,170 rental units completed, 8,489 homebuyer units completed, and 538 homes for individuals and families who invested “sweat equity” into the construction.
• Rehabilitated more than 88,000 homes through HOME, Community Development Block Grant (CDBG), and the Veterans Housing ...