What does the do?

Refreshed 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 2025,

$360M

was spent by the Federal Housing Finance Agency
In FY 2025,

<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 $360 million in fiscal year (FY) 2025. This was 0.0051% of the $7.04 trillion in overall federal spending. The agency ranked 47th among federal agencies in total spending.

The Federal Housing Finance Agency accounted for <0.1% of all federal spending in FY 2025.

Share of FHFA net spending compared to the top ten highest spending agencies in FY 2025

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 $49.4 million in 2009 to $360 million in 2025.

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The Federal Housing Finance Agency’s federal spending in FY 2025 was higher than in FY 2009.

Yearly federal net spending by FHFA, adjusted for inflation (2025 dollars), FYs 2009–2025

Since 2009, the Federal Housing Finance Agency’s spending has increased 628.8%, while overall spending has increased 32.3%.
The department’s spending grew more than overall spending, which means that the department’s share of the federal budget increased. In 2025, FHFA accounted for 0.0051% of all federal spending. That’s 0.0042 percentage points higher than 2009 and 0.0013 percentage points lower than in 2015.
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 2025 was higher than in FY 2009.

Percentage of federal budget dedicated to FHFA, FYs 2009–2025

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 2025, 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 2025?

Federal government net spending isolated to FHFA, FY 2025

How many people work for the Federal Housing Finance Agency?

Some 600 of the 2.02 million total civilian federal employees work for the Federal Housing Finance Agency as of May 2026. This is 12.2% fewer people than the department staffed in 2012.

The number of federal employees working for the Federal Housing Finance Agency has decreased 12.2% since 2012.

Number of federal employees working for FHFA, May 2012–2026

FHFA accounts for 0.03% of the overall federal workforce. As the number of federal employees has changed, so too has the way the workforce is organized, with resources allocated to agencies depending on government priorities. FHFA constituted a smaller share of the overall federal workforce in May 2026 than in 2012 (0.032%).
While the number of employees on an agency’s payroll contributes to that agency’s expenditures, some agencies have relatively few employees compared to their budget or vice versa, giving them an outsized share of either the budget or the workforce. According to the most recent data, the Federal Housing Finance Agency’s share of the workforce (0.03%) is larger than its share of the budget (0.0051%).

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.

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.