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The reason for some people being critical of the program I have been assigned was due to in the 1950s, 1960s and 1970s, the FHA helped to spark the production of millions of units of privately-owned apartments for elderly, handicapped and lower income Americans. When soaring inflation and energy costs threatened the survival of thousands of private apartment buildings in the 1970s

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This program was a responsible use of federal funding because FHA is the only government agency that operates entirely from its self-generated income and costs the taxpayers nothing.

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Federal Housing Administration truly is successful because of providing mortgages insurance on loans made by FHA. As well insures mortgages on single family and multifamily homes including manufactured homes and hospitals.

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The goal of the FHA was to revolutionize home ownership by creating our current financial mortgaging system. This agency continues to furnish loans for home mortgages and repairs today.