WASHINGTON—The Federal Housing Finance Agency (FHFA) announced the Housing Trust Fund and Capital Management Fund will receive $1.138 billion from Fannie Mae and Freddie Mac.
This represents the largest amount of funding provided to these programs by the GSEs to date, NAFCU noted.
"Addressing our nation's affordable housing crisis is critical to FHFA's mission," said FHFA Acting Director Sandra Thompson in a release. "Today's announcement of record funding for additional housing production will help increase access to affordable, sustainable housing options."