FHFA Allots Record $1.1B for Affordable Housing Programs

Originally published on February 28, 2022, by Adam Russell for the FHFA.

 Today, FHFA Acting Director Sandra L. Thompson announced that the Housing Trust Fund and Capital Magnet Fund will receive a total of $1.138 billion for affordable housing initiatives from Fannie Mae and Freddie Mac (the Enterprises). This is the largest amount ever provided to these programs from the Enterprises.

"Addressing our nation's affordable housing crisis is critical to FHFA's mission," said FHFA Acting Director Sandra L. Thompson. "Today's announcement of record funding for additional housing production will help increase access to affordable, sustainable housing options."

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