Simplify the following text for a Grade 11 native English-speaking person.
Original: Although its beginnings were in the House and Home Financing Agency , it was founded as a Cabinet department in 1965 , as part of the `` Great Society '' program of President Lyndon Johnson , to develop and execute policies on housing and metropolises .
Simplified: Although its beginnings were in the House and Home Financing Agency , it was founded in 1965 to develop and execute policy on housing and cities .