Which agency is primarily concerned with creating community mortgage programs?

The National Home Mortgage Finance Corporation is the primary agency focused on developing community mortgage programs. This agency works to facilitate affordable housing options by providing access to financing for low- and moderate-income families. The emphasis on community mortgage programs is aligned with its mission to expand homeownership opportunities and enhance the stability of neighborhoods.

While the other agencies and laws mentioned play significant roles in housing and mortgage finance, they serve different functions. The Federal Housing Administration, for example, primarily insures loans made by approved lenders to borrowers with low to moderate incomes, fostering homeownership but not exclusively aimed at creating community programs. The Department of Housing and Urban Development oversees various housing initiatives and policies, including the administration of housing assistance programs, but does not directly create mortgage programs itself. Lastly, the Community Reinvestment Act encourages financial institutions to help meet the credit needs of the communities they operate in, but it is not an agency that directly creates community mortgage programs.

Thus, the unique focus of the National Home Mortgage Finance Corporation on community mortgage initiatives makes it the correct choice for the question.