Based on their annual 10K reports filed with the Securities and Exchange Commission during the week of February 15, Fannie Mae and Freddie Mac together will transfer $186.6 million to the Federal Treasury for the National Housing Trust Fund (NHTF). The Federal Housing Finance Agency will determine the official figure.
HUD has 60 days to apply the NHTF formula to the total amount made available for the NHTF and publish in the Federal Register the amount that each state will receive. NLIHC has completed its own analysis of the state allocations. The NHTF statute dictates the factors that make up the formula; the statute also requires a minimum of $3 million per state. NLIHC’s calculations show that 32 states, plus the District of Columbia and Puerto Rico, will receive the state minimum of $3 million. To see NLIHC’s estimated allocations per state, go to http://nlihc.org/sites/default/files/StateAllocations_2016.pdf.
The Capital Magnet Fund will receive $100.4 million for 2016 according to the companies’ 10Ks.