Federal Housing Finance Agency (FHFA) Acting Director Joseph Otting announced on April 4 that he has authorized the disbursement of Fannie Mae’s and Freddie Mac's 2018 allocations of $244.86 million to HUD for the national Housing Trust Fund (HTF) and of $131.84 million to the Department of the Treasury for the Capital Magnet Fund.
NLIHC President and CEO Diane Yentel stated in an NLIHC press release: “I applaud the Federal Housing Finance Agency (FHFA) acting director for releasing the 2018 national Housing Trust Fund annual allocations. . . NLIHC is grateful to Senators Susan Collins (R-ME) and Jack Reed (D-RI), as well as Chairwoman Maxine Waters (D-CA), for their leadership and tenacity in successfully urging FHFA to release these much-needed funds.”
On March 15, NLIHC sent a letter on behalf of the national Housing Trust Fund campaign to Acting Director Otting to urge him to immediately transfer the 2018 HTF allocation to HUD, as required by law. In past years, FHFA transferred HTF allocations within 60 days of the end of the calendar year.
NLIHC’s full press statement about the release of the HTF allocation is at: https://bit.ly/2YOjdIv
FHFA’s media release is at: https://bit.ly/2G3KqzT