The U.S. Department of Housing and Urban Development has announced the issuance of $382 million via the Housing Trust Fund that will increase and preserve the supply of decent, safe, and sanitary affordable housing for extremely-low and very low-income households.
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By allocating $1.09 billion into the affordable housing sector, the FHFA more than doubled it 2019 amounts to HUD’s Housing Trust Fund and the Treasury’s Capital Magnet Fund.
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Fannie Mae and Freddie Mac's affordable housing allocations for 2019 includes the HUD Housing Trust Fund of $326.4 million and the Department of the Treasury for the Capital Magnet Fund of $175.8 million.
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The U.S. Department of Housing and Urban Development (HUD) has provided guidance for state and local entities for implementation of the National Housing Trust Fund (HTF) in the form of an interim program rule published in the Federal Register, according to an announcement from HUD.
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