Which governmental department oversees the FHA?

The Federal Housing Administration (FHA) is overseen by the Department of Housing and Urban Development (HUD). This department was established to support community development and to ensure access to safe and affordable housing for all Americans. The FHA, as part of HUD, plays a crucial role in facilitating homeownership through various insurance programs and stipulations that assist both borrowers and lenders.

The other options involve agencies that, while important in their respective roles, do not directly manage the activities or functions of the FHA. The Department of Education focuses on education policy and funding, the Federal Reserve manages monetary policy and regulates banks, and the Department of Treasury oversees federal finances and economic policy, but none of them oversee the FHA's operations or housing initiatives. Thus, the connection between the FHA and HUD is essential to understanding this aspect of U.S. housing policy.