On February 28, Federal Housing Finance Agency Acting Director Sandra Thompson announced the Housing Trust Fund (HTF) and Capital Magnet Fund (CMF) programs will collectively receive nearly $1.14 billion from Fannie Mae and Freddie Mac (the Government-Sponsored Enterprises, or GSEs) based on 2021 business activities. The HTF program, which is a HUD-overseen program that allocates annual funds to states and state-designated entities to support the production and preservation of affordable homes, will receive $740 million from the GSEs. The CMF program, which is part of Treasury’s CDFI Fund and offers competitively awarded grants to finance affordable housing and community revitalization in low-income communities, will receive $398 million from the GSEs. These amounts add up to year-over-year increases of $29 million and $15 million, respectively. These allocations mark the largest amounts ever provided to the HTF and CMF programs from the GSEs.
Housing Trust Fund & Capital Magnet Fund Receive $1.14 billion
Published by Oklahoma Coalition for Affordable Housing
The vision of OCAH: That all Oklahomans have the opportunity to live in safe, healthy and affordable homes. Our Mission: To lead the movement to ensure that all residents of the state of Oklahoma flourish in safe, affordable homes and to help communities develop safe and affordable housing options for all of their residents. We reach our mission through advocacy, education and practical training to foster the production and maintenance of affordable housing throughout the state. View all posts by Oklahoma Coalition for Affordable Housing
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