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Housing for Government Oversight

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I think I know the answer, but just clarify how HUD relates to the FHA?

Is it that HUD is the government oversight which gives funding to the FHA, then the FHA gives it to local PHA's? And the FHA is government-sponsored but a corporation, like local PHA's?

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just clarify how HUD relates to the FHA?

Is it that HUD is the government oversight which gives funding to the FHA, then the FHA gives it to local PHA's? And the FHA is government-sponsored but a corporation, like local PHA's?

Answers:

The U.S. Department of Housing and Urban Development (HUD) was established in 1968. It was originally developed to manage federal housing and community development programs. HUD incorporated numerous housing agencies and assumed administrative responsibility for them. One of ...

Solution Summary

The expert determines if HUD is the government oversight which give funding to the FHA. Government-sponsored by corporations like local PHA's are provided.

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