FHFA Director Authorizes Fannie, Freddie Allocations to HTF, CMF

Thursday, February 27, 2020 - 12:00pm

Federal Housing Finance Agency Director Mark Calabria today announced that he authorized the disbursement of more than $500 million in Fannie Mae and Freddie Mac’s affordable housing allocations for 2019 to the Housing Trust Fund (HTF) and Capital Magnet Fund (CMF). The HTF will receive $326.4 million and the CMF will receive $175.8 million. Fannie and Freddie are required by the Housing and Economic Recovery Act of 2008 to contribute to the HTF and CMF. The 2019 figures are both increases over 2018 disbursements of $244.9 million to the HTF and $131.8 million to the CMF.