HUD USER

Since 1934, the Federal Housing Administration (FHA) has helped more than 41 million families to become and remain homeowners. In laying out FHA’s mission in the single family mortgage marketplace, along with its historical role in meeting immediate and emerging challenges, the authors’ hope that this paper serves as a useful foundation for considering FHA’s future role in housing finance. To that end, this summary document is focused on the historical and ongoing role of FHA insurance in sustaining access to mortgage credit, stabilizing markets, and expanding sustainable homeownership opportunities in the single-family residential market. It is also intended that this paper will stimulate informed comment that will be incorporated in a final report to be published shortly.