FHFA Acting Director Joseph Otting announced today that he has authorized the disbursement of Fannie Mae and Freddie Mac’s affordable housing allocations for 2018 to the U.S. Department of Housing and Urban Development for the National Housing Trust Fund of $244.86 million and to the Department of the Treasury for the Capital Magnet Fund of $131.84 million.
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The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 11 Federal Home Loan Banks. These government-sponsored enterprises provide more than $6.2 trillion in funding for the U.S. mortgage markets and financial institutions. Additional information is available at www.FHFA.gov, on Twitter @FHFA, YouTube and LinkedIn.
Contacts:
Media: Stefanie Johnson (202) 649-3030 / Corinne Russell (202) 649-3032
Consumers: Consumer Communications or (202) 649-3811