3.1.21
On March 1, the Federal Housing Finance Agency (FHFA) authorized Fannie Mae and Freddie Mac to double their funding to two trust funds that support affordable housing. In all, the two GSEs will allocate over $1 billion, twice the amount from the previous year, and the highest contribution to date. In a news release, FHFA Director Mark Calabria said, “The record increase in house prices last year exacerbated the affordable housing shortage. To help increase the supply of affordable housing in our communities, FHFA remains steadfast in support of the Housing Trust Fund and Capital Magnet Fund.”