Support for Affordable Housing Programs

The Federal Housing Finance Agency (FHFA) was established by the Housing and Economic Recovery Act of 2008 (HERA) and is responsible for the supervision, regulation, and housing mission oversight of the 11 Federal Home Loan Banks (FHLBanks, FHL Bank System), the Federal National Mortgage Association (Fannie Mae), and the Federal Home Loan Mortgage Corporation (Freddie Mac). FHFA's mission is to ensure that these regulated entities operate in a safe and sound manner so that they serve as a reliable source of liquidity and funding for housing finance. Since 2008, FHFA has also served as conservator of Fannie Mae and Freddie Mac.

The FHLBanks support a range of low-income housing and community development activities through three programs: the Affordable Housing Program (AHP), the Community Investment Program (CIP), and the Community Investme nt Cash Advance Program (CICA). Under these programs, the FHLBanks provide loans (referred to as advances) and grants to their members, and their members then use these funds to benefit very low - and low - or moderate - income households and communities.

The FHLBanks awarded approximately $322 million in total AHP funds in 2015, helping over 36,000 low - or moderate - income households including about 20,000 very low-income households. Through the CIP, the FHLBanks also funded approximately $3.2 billion in targeted housing and economic development advances in 2015, an increase of over 33 percent from 2014. The program assisted almost 39,000 housing units. The FHLBank's CICA funding, which supports targeted economic development, was about $4 billion in 2015, approximately 48 percent higher than in 2014.

The FHL Banks also support low-income housing and community development through other activities, including their non-depository Community Development Financial Institution (CDFI) memberships

At the end of 2015, 41 non-depository CDFIs were FHLBank members, and they had outstanding advances of approximately $114.5 million. Additionally, each FHLBank is subject to housing goals if its Acquired Member Assets (AMA) purchases exceed an annual volume threshold of $2.5 billion. While one FHLB ank exceeded this level in 2015 and FHFA is evaluating whether that FHLBank met the housing goals for 2015, regardless of that FHLBank's performance against the goals, FHFA will not require it to take any remedial steps because FHFA is in the process of reviewing and possibly updating the regulation.

Source: Federal Housing Finance Agency

Foundation and philanthropic support for affordable housing and community investment from around the Web.



Worried About America's Most Vulnerable? Support Social Enterprise

This article started out by stating the increase in donations to non-profits and social services organization in anticipation of decreased in funding with the upcoming administration. The article...more

Social Enterprise Using Crowdfunding for Homeless Development

This article started out by stating the increase in donations to non-profits and social services organization in anticipation of decreased in funding with the upcoming administration. The article...more

Impact Investing Supports Affordable Housing Initiatives
Foundation: Seattle Foundation

Seattle is facing a major limitation in affordable housing, directly caused by the steady increase of rent prices in several neighborhoods. This issue is resulting the dislocation of former residents...more

Habitat for Humanity GTA - Largest Build Yet with Social Impact Investment

In Toronto on the 4th of August 2016, Habitat Greater Toronto Area and community leaders worked together to begin the construction of a housing structure that will provide housing for 50 vacancies....more

Corporate Philanthropy's Mixed Motivations; Airbnb and Homelessness in NYC

It is no surprise that New York real estate has been quickly becoming more and more expensive. The company Airbnb, which allows home owners to rent out their homes, has been involved in a New York...more

Affordable Housing Beyond the Scope of Government

Rachel Alembakis, a special contributor to Probono's Not for Podcast, in the podcast "Affordable Housing Beyond the Scope of Government" suggests that governmental support for new affordable housing...more

5 imperatives to consider when starting a health conversion foundation

Increasing consolidation in healthcare has resulted in an increase in health conversion foundations. When a non-profit hospital, health plan or system acquired or converted to a for profit, federal...more

Profit Begins for Impact Investment In Sustainable Development Goals

AgriSmart, Inc. is an investment in agriculture that is partnering with Cote d'Ivoire in West Africa to meet Sustainable Development Goals at a high level of profit. Cote d'Ivoire is one of the best...more

California Community Foundation Awards $5.8 Million to Strengthen Los Angeles County
Foundation: California Community Foundation

Specifically, the CCF (California Community Foundation), a public charitable organization since 1915, specifies where it has donated $5,880,196. All of which are Los Angeles non-profit organizations....more

JPMorgan Commits $125 Million to Help Urban Neighborhoods

JPMorgan Chase & Co. aims to help low-income Detroit neighborhoods with $125 million. The funds will help build infrastructure and assist citizens of Detroit to qualify for loans. Through grants to...more




Government Support for Affordable Housing




THIS IS NOT A REQUEST FOR APPLICATIONS- Resource Management Internships at Hot Springs National Park- THIS IS NOT A REQUEST FOR APPLICATIONS
National Park Service

BACKGROUND AND OBJECTIVES Cooperative Agreement Number P15AC00031 was entered into by and between the Department of the Interior, National Park Service, (NPS), and The Student Conservation...more
Posted On - 2017-04-20


Limited Competition: National NeuroAIDS Tissue Consortium (NNTC) Data Coordinating Center (U24)
National Institutes of Health

This Limited Competition Funding Opportunity Announcement (FOA) invites one application to continue the activities of the Data Coordinating Center (DCC) of the National NeuroAIDS Tissue Consortium...more
Posted On - 2017-04-19


Latino Heritage Internship Program
National Park Service

EFTA will select and oversee twenty four highly motivated undergraduate and graduate students to work alongside NPS historians, interpreters, archaeologists, architects, and curators on cultural and...more
Posted On - 2017-04-13


THIS IS NOT A REQUEST FOR APPLICATIONS- Summer Youth Team- Wetland Restoration- INDU- THIS IS NOT A REQUEST FOR APPLICATIONS
National Park Service

BACKGROUND AND OBJECTIVES This Cooperative Agreement P17AC00175 (Agreement) is entered into by the U.S. Department of the Interior, National Park Service (NPS), and WisCorps, Inc., (Recipient). ...more
Posted On - 2017-03-13


YouthBuild
Employment and Training Administration
YouthBuild is a community-based alternative education program for youth between the ages of 16 and 24 who are high school dropouts, adjudicated youth, youth aging out of foster care, youth with...more
Posted On - 2017-03-09


Community Development Block Grant Program for Indian Tribes and Alaska Native Villages
Department of Housing and Urban Development
The purpose of the ICDBG program is the development of viable Indian and Alaska Native communities, including the creation of decent housing, suitable living environments, and economic opportunities...more
Posted On - 2017-03-08






Largest Foundation Support for Human Services for 2012

Want to find foundation giving by subject area? see here



Rank
Foundation
Grants
Total Given
1
139
246,796,810
2
1,567
137,419,755
3
213
100,237,336
4
768
72,730,537
5
166
61,576,133

Find Top Fifty Foundation Givers

Source: Foundation Stats (Foundation Center) / CC BY-NC-SA 4.0



Grants News from around the Web



Social Entrepreneurship
Spotlight



A Creative Journey of Understanding from a Social Entrepreneur

A Creative Journey of Understanding from a Social Entrepreneur
Russell James, a famed fashion photographer, started Nomad Two Worlds (N2W), an idea that stemmed...



Not for Profit Jobs in Tennessee

  Program Director Jobs
  Foundation Related Jobs
  Program Director Jobs
  Social Services Jobs
  Education Jobs



Federal Government Grant and Assistance Programs



Edited by: Michael Saunders

© 2008-2017 Copyright Information Organizers, LLC