General World News

FHFA doubles affordable housing disbursement to $1B

Federal Housing Finance Agency (FHFA) Director Mark Calabria announced on Monday that he has authorized the disbursement of $1.09 billion for Fannie Mae and Freddie Mac‘s affordable housing allocations.

This is the largest amount ever disbursed by the government sponsored enterprises, and more than double what was provided the prior year.

Of the GSEs’ provided funds, $711 million will go to the U.S. Department of Housing and Urban Development for the Housing Trust Fund, an increase from the $326.4 million disbursed in 2019, and $383 million to the Department of the Treasury for the Capital Magnet Fund, an details ⇒

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