Which department oversees the Federal Housing Administration (FHA)?

The Federal Housing Administration (FHA) is overseen by the U.S. Department of Housing and Urban Development (HUD). This relationship is critical as HUD's mission revolves around creating strong, sustainable, inclusive communities and quality affordable homes for all. The FHA, specifically, provides mortgage insurance on loans made by approved lenders to low- and moderate-income individuals, promoting homeownership and increasing housing availability. This aligns with HUD's broader goals of expanding homeownership opportunities and ensuring safe and decent housing for the populace.

By functioning under HUD, the FHA also supports various housing programs and policies that aim to revitalize neighborhoods, stimulate economic growth, and prevent foreclosures. Such coordination enables the FHA to play an integral role within the federal housing policy framework, further emphasizing the importance of its oversight by HUD.