Glossary of HUD Terms

O

OFFICE OF MANAGEMENT AND BUDGET (OMB): Assists the President in overseeing the preparation of the federal budget and supervises its administration in Executive Branch agencies. In helping to formulate the President's spending plans, OMB evaluates the effectiveness of agency programs, policies, and procedures, assesses competing funding demands among agencies, and sets funding priorities. OMB ensures that agency reports, rules, testimony, and proposed legislation are consistent with the President's Budget and with Administration policies. In addition, OMB oversees and coordinates the Administration's procurement, financial management, information, and regulatory policies. In each of these areas, OMB's role is to help improve administrative management, to develop better performance measures and coordinating mechanisms, and to reduce any unnecessary burdens on the public.

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 office provides reliable and objective data and analysis to help inform policy decisions. In 1978, PD&R established HUD USER, an information resource for housing and community development researchers, government officials, academics, policymakers, and the American public.

OFFICE OF UNIVERSITY PARTNERSHIPS (OUP): HUD's Office of University Partnerships facilitates the formation of campus-community partnerships by sharing information about community partnership development in general, and about OUP's various funded programs, in particular. OUP is committed to helping colleges and universities join with their neighbors to address urban problems. The resulting partnerships enable students, faculty, and neighborhood organizations to work together to revitalize local economies, generate jobs, and rebuild healthy communities.

OMB: See OFFICE OF MANAGEMENT AND BUDGET.

OUP: See OFFICE OF UNIVERSITY PARTNERSHIPS.

OWNER: Any private person or entity, including a cooperative, an agency of the federal government, or a public housing agency, having the legal right to lease or sublease dwelling units.

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