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Fannie Mae and Freddie Mac to restart affordable housing fund

Housingwire, By Trey Garrison

Federal Housing Finance Agency Director Mel Watt directed Fannie Mae and Freddie Mac to again set aside and allocate funds to the Housing Trust Fund and the Capital Magnet Fund, under the aegis of the Housing and Economic Recovery Act of 2008.

HERA authorized FHFA to temporarily suspend these allocations, and FHFA informed Fannie Mae and Freddie Mac of a temporary suspension on November 13, 2008.

Read the full article: Fannie Mae and Freddie Mac to restart affordable housing fund