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FHFA Announces HTF, CMF Will Receive More than $1.1 Billion from Fannie, Freddie

Monday, February 28, 2022 - 12:00PM

The Federal Housing Finance Agency today announced that the national Housing Trust Fund (HTF) and the Capital Magnet Fund (CMF) will receive more than $1.1 billion for affordable housing initiatives from Fannie Mae and Freddie Mac. The HTF, which allocates money to states and state-designated entities to build or preserve affordable housing, will receive $740 million, a $29 million increase from 2021. The CMF, which awards money to finance affordable housing activities and related economic development activities and community service facilities, will receive $398 million, a $15 million increase from 2021.

The use of other federal resources with the low-income housing tax credit (LIHTC) will be discussed at the Novogradac 2022 Affordable Housing Conference, April 28-29 in San Francisco.

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