AFFORDABLE HOUSING FINANCE
FHFA Announces $545 Million for Affordable Housing Programs
The funds will support the Housing Trust Fund and Capital Magnet Fund.
The national Housing Trust Fund and Capital Magnet Fund will receive approximately $545 million from Fannie Mae and Freddie Mac, announced the Federal Housing Finance Agency (FHFA).
“The need for more affordable housing has never been greater,” said Sandra L. Thompson, FHFA director. “A portion of every loan purchased by the enterprises is allocated to the Housing Trust Fund and the Capital Magnet Fund, which provide resources that increase the production and preservation of affordable housing options in our communities.”
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