Thursday, December 11, 2014

Nat'l Low Income Housing Trust Fund comes to pass!

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.

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