FHFA Authorizes $502 Million-Plus to Housing Trust Fund and Capital Magnet Fund

National Mortgage Professional, Mar. 2, 2020–Phil Hall
The Federal Housing Finance Agency announced disbursement of Fannie Mae and Freddie Mac’s affordable housing allocations for 2019 to HUD for the Housing Trust Fund of $326.4 million and to the Department of the Treasury for the Capital Magnet Fund of $175.8 million, marking the GSEs’ largest ever contribution to the federally managed entities.