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Federal Housing Administration: Difference between revisions
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{{Organization | |||
{{Organization | |OrganizationName=Federal Housing Administration | ||
|OrganizationName= Federal Housing Administration | |OrganizationType=Executive Departments | ||
|OrganizationType= Executive Departments | |Mission=To expand homeownership opportunities and improve housing standards and conditions by insuring mortgages, making homeownership more accessible to low and moderate-income families. | ||
|Mission= To expand homeownership opportunities and improve housing standards and conditions by insuring mortgages, making homeownership more accessible to low and moderate-income families. | |ParentOrganization=U.S. Department of Housing and Urban Development (HUD) | ||
| | |CreationLegislation=National Housing Act of 1934 | ||
|Employees= 1400 | |Employees=1400 | ||
|Budget= Part of HUD's budget, specific FHA fund allocations vary, but in FY 2023, the Mutual Mortgage Insurance Fund had a commitment authority of $400 billion | |Budget=Part of HUD's budget, specific FHA fund allocations vary, but in FY 2023, the Mutual Mortgage Insurance Fund had a commitment authority of $400 billion | ||
|OrganizationExecutive=Commissioner (Assistant Secretary of HUD for Housing) | |||
|Services=Mortgage insurance; home equity conversion mortgages (reverse mortgages); loan programs for home repair and improvement | |||
|HeadquartersLocation=38.88392, -77.02282 | |||
|HeadquartersAddress=451 7th Street SW, Washington, DC 20410 | |||
|Website=https://www.hud.gov/program_offices/housing/fhahistory | |Website=https://www.hud.gov/program_offices/housing/fhahistory | ||
}} | }} | ||
{{Short description|U.S. government agency responsible for mortgage insurance}} | |||
{{Infobox government agency | {{Infobox government agency | ||
|agency_name = Federal Housing Administration and HUD Office of Housing | |agency_name = Federal Housing Administration and HUD Office of Housing | ||
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[[File:FHA photo.jpg|thumb|FHA project great depression]] | [[File:FHA photo.jpg|thumb|FHA project great depression]] | ||
In 1935, [[Colonial Village (Arlington, Virginia)|Colonial Village]] in | In 1935, [[Colonial Village (Arlington, Virginia)|Colonial Village]] in Arlington County, Virginia, was the first large-scale, rental housing project erected in the United States that was Federal Housing Administration-insured.<ref name="VAnom">{{cite web |url=http://www.dhr.virginia.gov/registers/Counties/Arlington/000-0013_Colonial_Village_1980_Final_Nomination.pdf |title=National Register of Historic Places Inventory/Nomination: Monroe Courts Historic District |author=Virginia Historic Landmarks Commission Staff |date=May 1980}}</ref> During World War II, the FHA financed a number of worker's housing projects including the [[Kensington Gardens Apartment Complex]] in [[Buffalo, New York]].<ref name="nrhp_app">{{cite web |url=https://drive.google.com/file/d/1NaZX-00pbKxsRZ_B8151LQKkgX2UJXoQ9XfS2fYVkTueIJkQi51EM_lkMB5C/view |title=National Register of Historic Places Registration: Kensington Gardens Apartment Complex |author1=Jason Wilson |author2=Tom Yots |date=June 2010 |access-date=December 22, 2010 |author3=Daniel McEneny}}</ref> During the Great Depression, Ohio Cities used federal government funds for building housing projects and first two of those projects completed in the United States were in Cincinnati and Cleveland.<ref name=":1">{{Cite web |title=Federal Housing Act |url=https://ohiohistorycentral.org/w/Federal_Housing_Act |access-date=March 3, 2022 |website=Ohio History Central}}</ref> | ||
=== Establishment of HUD === | === Establishment of HUD === | ||