The Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) issued their 10-K Forms on February 14, indicating that $245 million will be available for the national Housing Trust Fund (HTF) in 2019. Fannie Mae will be forwarding $140 million and Freddie Mac will be forwarding $105 million to HUD for the HTF.
This amount for 2019 is an 8% decrease from the $267 million available in 2018, but significantly greater than 2017’s $219 million and 2016’s $174 million. NLIHC continues to gather information from states about how they are using their inaugural 2016 HTF allocations. As of February 13, 1,662 homes were being made available for extremely low-income households (those with incomes less than the poverty level or 30% of the area median income) from the $174 million allocated in 2016. This number of units will grow as eight remaining states (including two states with large HTF allocations) provide NLIHC their project-specific information. In September, NLIHC released Getting Started, an interim report based on full reporting to NLIHC from 36 states and partial reporting from five states.
Fannie’s Form 10-K is at: https://bit.ly/2S2wzfG, see page 178.
Freddie’s Form 10-K is at: https://bit.ly/2Ear8rx, see page 171.