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
- May 9, 2013
NCSHA submitted testimony on HUD’s housing and USDA’s Rural Housing Service (RHS) programs in response to the House and Senate Appropriations Committees’ invitation to submit outside witness testimony on FY 2014 appropriations.
- April 19, 2013
HUD Secretary Shaun Donovan testified on HUD’s FY 2014 budget before the Senate Transportation-HUD Appropriations Subcommittee on April 11 and before the House Transportation-HUD Appropriations Subcommittee on April 17.
Housing Headlines
- Wall Street Journal
- House Financial Services Committee
News
- June 7, 2012
The National Council of State Housing Agencies (NCSHA) urged Congress today to strengthen FHA’s affordable multifamily lending capacity by enhancing its already successful partnership with state Housing Finance Agencies (HFA). NCSHA advocated for authorizing Ginnie Mae to securitize Federal Housing Administration (FHA)-insured multifamily loans under the FHA-HFA Risk-Sharing program to help address the nation’s growing need for rental housing. These remarks were made during testimony before the House Financial Services Subcommittee on Insurance, Housing and Community Opportunity hearing on FHA multifamily mortgage insurance programs.
- June 7, 2012
The National Council of State Housing Agencies (NCSHA) urged Congress today to strengthen FHA’s affordable multifamily lending capacity by enhancing its already successful partnership with state Housing Finance Agencies (HFA). NCSHA advocated for authorizing Ginnie Mae to securitize Federal Housing Administration (FHA)-insured multifamily loans under the FHA-HFA Risk-Sharing program to help address the nation’s growing need for rental housing. These remarks were made during testimony before the House Financial Services Subcommittee on Insurance, Housing and Community Opportunity hearing on FHA multifamily mortgage insurance programs.
Events
- January 9, 2011
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.
- January 10, 2010
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
- April 11, 2013
The Administration sent Congress yesterday its FY 2014 Budget, proposing funding for all federal programs, including HUD and the Department of Agriculture’s (USDA) rural housing programs.
- March 11, 2013
On March 1, HUD issued an update about FHA’s commitment authority for its multifamily and healthcare facility mortgage insurance programs.
