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Agency Federal Housing Administration Acronym FHA Hierarchy Department of Housing and Urban Development. Docs Miscellaneous Documents; Newsletters; Statistical Reports URL http://www.hud.gov/fha/ Notes The Federal Housing Administration (FHA), a wholly owned government corporation, was established under the National Housing Act of 1934 to improve housing standards and conditions; to provide an adequate home financing system through insurance of mortgages; and to stabilize the mortgage market. FHA was consolidated into the newly established Department of Housing and Urban Development (HUD) in 1965. Subjects FINANCE HOUSING