The US Department of Housing and Urban Development (HDU) was set up through the US Housing Act of 1937. It was revised in 1965 through the Department of Housing and Urban Development which established HUD as a cabinet-level agency.

Another change came in 1968 when riots broke out following the assassination of Dr. Martin Luther King Jr. The Civil Rights Act of 1968, which is also known as the Fair Housing Act was set up. It outlawed most forms of housing discrimination and made it possible to enforce HUD laws. The 1968 Act also set up the Government National Mortgage Association known as Ginnie Mae. It was set up with the goal of facilitating mortgages for middle-income families by giving them government mortgage-backed securities.

In 1970, the Federal Experimental Housing Allowance Program and Community Development Corporation was set up through the Housing and Urban Development Act of 1970. Four years later, housing programs were consolidated into the Community Development Block Grant (CDBG) through the Housing and Community Development Act.

In 1998, HUD opened the Enforcement Center to address legal problems arising from HUD-assisted multifamily property owners and other fund beneficiaries who didn’t abide by laws and regulations. Also, Public Housing reforms were approved by Congress in order to reduce cases of housing segregation by income levels and race.

In 2000, American homeownership stood at a record 67.7% at the end of the third quarter. This translated to a total of 71.6 million homeowners.

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