What does the do?

Updated annually

The Federal Housing Finance Agency (FHFA) is an independent agency responsible for overseeing and regulating Fannie Mae, Freddie Mac, and the Federal Home Loan Banks. The agency's primary mission is to ensure that these entities operate in a safe and sound manner, providing a reliable source of liquidity and funding for housing finance and community investment. It was established in 2008 as part of the Housing and Economic Recovery Act.

In FY 2024,

$362M

was spent by the Federal Housing Finance Agency
In FY 2024,

<0.1%

of federal spending was by the Federal Housing Finance Agency

How much does the Federal Housing Finance Agency spend?

The Federal Housing Finance Agency spent $362 million in fiscal year (FY) 2024. This was 0.0053% of the $6.78 trillion in overall federal spending. The department ranked 53rd among federal agencies in total spending.

The Federal Housing Finance Agency accounted for <0.1% of all federal spending in FY 2024.

Share of FHFA net spending compared to the top ten highest spending agencies in FY 2024

Federal spending may shift over time due to population growth, changes in policy and programs, and emerging problems to address. Adjusting for inflation, the Federal Housing Finance Agency’s federal spending has increased from $48.1 million in 2009 to $362 million in 2024.

The Federal Housing Finance Agency’s federal spending in FY 2024 was higher than in FY 2009.

Yearly federal net spending by FHFA, adjusted for inflation (2024 dollars), FYs 2009–2024

Since 2009, the Federal Housing Finance Agency's spending has increased 652.6%, while overall spending has increased 30.8%.
The department’s spending grew more compared to overall spending, which means that the department’s share of the federal budget increased. In 2024, FHFA accounted for 0.0053% of all federal spending. That’s 0.0044 percentage points higher than 2009 and 0.0017 percentage points lower than in 2014.
Major legislation, internal or global economic conditions, and acute events like the COVID-19 pandemic can affect spending year to year. For example, the federal budget fluctuated during the pandemic, rising from $5.3 trillion (in 2023 dollars) in 2019 to $7.7 trillion in 2020 and $7.8 trillion in 2021.

The Federal Housing Finance Agency's share of federal spending in FY 2024 was higher than in FY 2009.

Percentage of federal budget dedicated to FHFA, FYs 2009–2024

Most federal spending can be categorized as direct or indirect. Direct spending refers to money the federal government spends on budget items such as federal programs, employee salaries, and debt interest. Indirect spending refers to federal transfers to state and local governments.
In FY 2024, all of the Federal Housing Finance Agency's spending was direct.
The chart below outlines all net FHFA spending.

How did the Federal Housing Finance Agency spend its budget in 2024?

Federal government net spending isolated to FHFA, FY 2024

Who leads the Federal Housing Finance Agency?

FHFA is led by a director, who is appointed by the President and confirmed by the Senate for a five-year term.

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Methodology

USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.

The analysis was generated with the help of AI and reviewed by USAFacts for accuracy.

Page sources

USAFacts endeavors to share the most up-to-date information available. We sourced the data on this page directly from government agencies; however, the intervals at which agencies publish updated data vary.