FHA is part of which government agency?

The Federal Housing Administration (FHA) is indeed a part of the Department of Housing and Urban Development (HUD). Established in 1934, the FHA was created to improve housing standards and conditions, provide an adequate home financing system through insurance of mortgages, and stimulate the economy through the construction of new homes.

Being part of HUD allows the FHA to focus on its mission to increase homeownership and ensure access to fair housing. This government agency not only oversees the FHA but also works on broader issues related to housing development, community planning, and urban renewal, making it a crucial component of the U.S. government's efforts in addressing housing needs.

The other options do not align with the FHA's operational structure. For instance, the Department of Veterans Affairs provides benefits and services specifically for military veterans, while the Federal Housing Finance Administration oversees Fannie Mae and Freddie Mac, which are involved in the secondary mortgage market. The Treasury Department manages federal finances and fiscal policy, which is separate from the functions of the FHA.