The Federal Housing Administration (FHA) administers single-family and multifamily mortgage insurance programs within the U.S. Department of Housing and Urban Development (HUD). It provides mortgage insurance for the purchase of single- and multifamily housing targeted to low and moderate-income families. FHA insures lenders against losses in case of mortgage default, enabling private industry to construct and rehabilitate multifamily housing, single-family homes, and assisted living facilities for low and moderate-income families and individuals. FHA’s single-family home loan programs provide a source of credit to borrowers who may not otherwise qualify for conventional mortgage loans.
HFAs and FHA Insurance
State HFAs use FHA single-family mortgage insurance in combination with Mortgage Revenue Bonds (MRBs) to finance modestly priced homes for first-time homebuyers.
Helpful link: HUD's FHA Web Page
Printer-friendly versionNCSHA Blog Posts
- February 8, 2012
On Tuesday, February 7, the House Financial Services Committee’s Subcommittee on Insurance, Housing, and Community Opportunity marked up a draft bill designed to help ensure the fiscal solvency of the Federal Housing Administration’s (FHA) single-family mortgage insurance program. - January 27, 2012
Since President Obama proposed in his January 24 State of the Union address a plan to allow all homeowners the opportunity to refinance their mortgages, some additional information about the plan has emerged, despite the fact that the Administration has not formally released additional details.
Housing Headlines
- House Financial Services Committee
- Wall Street Journal
- Wall Street Journal
News
- August 2, 2010
Funds are still available to help low-income Oregon homeowners replace old appliances, according to Oregon Housing and Community Services, the state agency that runs the Appliance Rebate Program. The agency expects to distribute approximately 2,000 vouchers to qualified homeowners on a first-come, first-served basis, until they run out.
Events
- July 27, 2009
The Institute's four program-specific conferences will strengthen your understanding of program fundamentals and explore advanced techniques for administering the Low Income Housing Tax Credit; the HOME Investment Partnerships program; Mortgage Revenue Bonds, Federal Housing Administration and rural housing mortgage insurance; and HUD's Performance-Based Section 8 Contract Administration initiative.
FHA Insurance - Resources
- February 8, 2012This is the discussion draft of legislation taken up by the House Financial Services Committee’s Subcommittee on Insurance, Housing, and Community Opportunity. The bill is designed to help ensure the fiscal solvency of the Federal Housing Administration’s (FHA) single-family mortgage insurance program. The legislation is intended to reduce the risk that the FHA could require a taxpayer bailout.
- February 8, 2012This proposal enhances efforts of state Housing Finance Agencies (HFA) to develop and preserve assisted multifamily housing by authorizing the Government National Mortgage Association (Ginnie Mae) to securitize any FHA risk-share multifamily loans under the same terms and conditions as if the loan were insured under the National Housing Act.
