15. Department of Housing and Urban Development · Major · Needs Congress
Move rental assistance, mortgage insurance, and GNMA to a Housing and Home Finance Agency
Printed page 512 15. Department of Housing and Urban Development
“Finally, and more fundamentally, Congress could consider a wholesale overhaul of HUD that contemplates devolving many HUD functions to states and localities with any remaining federal functions consolidated to other federal agencies (for example, by transferring loan guarantee programs to SBA; moving Indian housing programs to the Department of the Interior; moving rental assistance, mortgage insurance programs, and GNMA to a redesignated Housing and Home Finance Agency).”
What has happened
- Not started
Nothing found. The phrase "Housing and Home Finance Agency" — the pre-1965 body the Mandate would revive — appears nowhere in the Federal Register, the White House presidential actions, the 119th Congress's bills and laws, or the court records since 2025-01-20. Rental assistance, FHA mortgage insurance and Ginnie Mae all remain HUD programs: the FY2027 President's Budget promotes homeownership "through FHA and Ginnie Mae credit guarantees" and funds FHA administration inside HUD. The administration's own restructuring proposal for rental assistance runs in the opposite direction — devolution to the states (#1439), not consolidation into a new federal agency.
No action found yet. This entry is the starting point, not a finding.
Research log
What was searched, and what didn’t count as evidence
Research notes
Negative searches, all run 2026-08-27:
- A search for “Housing and Home Finance” across every set of federal records we kept and searched on that date (Federal Register presidential documents, rules, proposed rules and notices; whitehouse.gov presidential actions; federal court dockets from CourtListener, both its keyword search and its 1.19-million-docket bulk snapshot; public laws; bills; Senate nominations) — zero hits in every one.
- Federal Register full-text search for “Housing and Home Finance Agency”, publication date on or after 2025-01-20 — two hits, both Title VI rescission rules matching on the separate words, neither about HUD’s structure.
- Federal Register full-text search for “Government National Mortgage Association” with “transfer”, rules and proposed rules since 2025-01-20 — three hits (HUD floodplain rescission, an SEC concept release, a bank capital rule), none a transfer of Ginnie Mae.
- The bills we keep and search (from congress.gov), titles matching “Housing and Urban Development” — appropriations bills and program tweaks only; no reorganization bill.
- Action
- transfer
- Object
- rental assistance, mortgage insurance programs, and the Government National Mortgage Association (GNMA)
- ID
- 1442