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- Federal funds for affordable housing can be obtained through the following measures:
- Relaunching the partnership between the Department of Treasury’s Federal Financing Bank and the Department of Housing and Urban Development Risk Sharing Program to enable state housing finance agencies to provide low-cost capital for affordable housing development.
- Raising Fannie Mae’s and Freddie Mac’s equity cap for the Low-Income Housing Tax Credit, which is the largest federal program for affordable rental housing construction and rehabilitation.
- Making more funding available to Community Development Finance Institutions and non-profit housing groups through the Capital Magnet Fund1.The proposed budget includes a historic investment of over $258 billion to build or preserve housing units, support first-time homebuyers, and address homelessness2.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Boost the supply of quality, affordable rental units by relaunching the partnership between the Department of Treasury’s (Treasury) Federal Financing Bank and the Department of Housing and Urban Development (HUD) Risk Sharing Program in order to enable eligible state housing finance agencies (HFAs) to provide low-cost capital for affordable housing development; raising Fannie Mae’s and Freddie Mac’s (the Enterprises) equity cap...
www.whitehouse.gov/briefing-room/statements-rele…The Budget includes that proposal as part of a historic investment of more than $258 billion that would build or preserve over 2 million housing units, support millions of first-time homebuyers, guarantee affordable housing for hundreds of thousands of extremely low-income veterans and youth aging out of foster care, and advance efforts to end homelessness.www.whitehouse.gov/omb/briefing-room/2024/03/1… - People also ask
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WEBHUD awards discretionary funding through over 20 Grant programs that support HUD initiatives, including Affordable Housing Development and Preservation, Community and Economic Development, Environment and Energy, Fair Housing, Homelessness, …
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