FHFA Directs Fannie Mae, Freddie Mac to Fund Housing Trust Fund
December 23, 2014 ISSUES | POLICY | SOLUTIONS | NEWS & EVENTS Forward Editor: Emanuel Cavallaro Spotlight On... FHFA Directs Fannie Mae, Freddie Mac to Fund Housing Trust Fund Earlier this month, the Federal Housing Finance Agency (FHFA) directed Fannie Mae and Freddie Mac to begin allocating funds to the Housing Trust Fund and the Capital Magnet Fund, affordable housing programs meant to increase and preserve the nation's stock of affordable housing for low-income households. The contributions by Fannie Mae and Freddie Mac to these programs, which were originally established in 2008 with the Housing and Economic Recovery Act and signed into law by President George W. Bush, had been temporarily suspended on the basis that allocating funds to the programs would contribute to their financial instability...