Business Medical Abbreviations … Format. OFFICE OF POLICY DEVELOPMENT AND RESEARCH (PD&R): HUD's Office of Policy Development and Research (PD&R) maintains current information on housing needs, market conditions, and existing programs, as well as conducts research on priority housing and community development issues. The program is authorized under Title III of the Housing and Economic Recovery Act of 2008. We’re here to help decode the jumble of letters and make you sound like a pro. INCOME LIMIT (IL): Determines the eligibility of applicants for HUD's assisted housing programs. CREDIT PERIOD: The term "credit period" means, with respect to any building, the span of taxable years beginning with the taxable year in which the building is placed in service, or at the election of the taxpayer, the succeeding taxable year, but only if the building is a qualified low-income building as of the close of the first year of such period. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. The term includes where the use of a building is changed to an emergency shelter and the cost of this change and any rehabilitation costs does not exceed 75 percent of the value of the building before the change in use. LOCAL PUBLIC AGENCY: the official body empowered under State law to plan and undertake a local urban renewal program with Federal assistance. Acronym Definition; HUDS: Harvard University Dining Services (Harvard University; Cambridge, MA): HUDS: Heads Up Display System: HUDS: High Resolution Ultrasound Duplex System (cardiology) Met requirements to commit to a specific local project as defined below. U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD): Established in 1965, HUD's mission is to increase homeownership, support community development, and increase access to affordable housing free from discrimination. Rental assistance grants must be matched in the aggregate by supportive services that are equal in value to the amount of rental assistance and appropriate to the needs of the population to be served. LEASE TERM: The period of time for which a lease agreement is written. SWEAT EQUITY: Using labor to build or improve a property as part of the down payment. HUD: See U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. FANNIE MAE: See GOVERNMENT SPONSORED ENTERPRISE. CONSOLIDATED PLAN: A document written by a state or local government describing the housing needs of the low- and moderate-income residents, outlining strategies to meet these needs, and listing all resources available to implement the strategies. 1973; marine engineering) HUD: Hospital Unit Dose FHA Single Family Mortgage insurance for lowsmoderate income families. Resource Links. A service coordinator is a social service staff person hired or contracted by the development's owner or management company. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. PMSA: See PRIMARY METROPOLITAN STATISTICAL AREA. FEDERAL REGISTER : Published by the Office of the Federal Register, National Archives and Records Administration (NARA), the Federal Register is the official daily publication for rules, proposed rules, and notices of federal agencies and organizations, as well as executive orders and other presidential documents. 11381â11389). PERCENTILE RENT ESTIMATES (50th): Calculated for all FMR areas.
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