Mel Watt, the Director of the Federal Housing Finance
Agency, has lifted the suspension on Fannie Mae and
Freddie Mac’s obligation to contribute to the National
Housing Trust Fund (NHTF) and the Capital Magnet
Fund (CMF). At long last, the NHTF will be funded.
After eight years of advocacy to get the NHTF established
and another six years to secure a dedicated funding source,
the NHTF will have resources to begin ameliorating the
shortage of housing that the lowest income and most
vulnerable people in our country can afford, providing
a major boost to efforts to end homelessness and housing
poverty in the United States.
and another six years to secure a dedicated funding source,
the NHTF will have resources to begin ameliorating the
shortage of housing that the lowest income and most
vulnerable people in our country can afford, providing
a major boost to efforts to end homelessness and housing
poverty in the United States.
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