Federal Buildings Fund (FBF) is a principal tool used by General Services Administration (GSA) to finance the government’s workspace requirements, enabling the smooth functioning of federal agencies. Established in 1975, this revolving fund operates on the rent collected from federal agencies occupying GSA-owned and leased buildings. The fund’s main objective is to support the operational costs associated with these properties, including maintenance, repairs, and upgrades, ensuring optimal working environments for federal employees.
FBF plays a critical role in the operations of GSA, enabling the agency to manage, maintain, and improve federal buildings without depending on annual appropriations. It helps GSA implement energy-efficient and cost-effective solutions in government buildings while promoting the overall goal of delivering superior quality workspace for federal agencies at good rates to the American taxpayer. Notably, FBF also supports capital projects such as new construction and major renovations when specifically approved by Congress.
