Home
Focus Areas
About Us
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 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.
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.
The Los Altos Mountain View Community Foundation has awarded $100,000 in grants to 12 community organizations in the San Francisco Bay Area to help people deal with rising costs of living and...more
When Richard Krueger moved from Flagstaff, Ariz., to Mancos, Colo., in April, he didn't expect to find himself living in a one-bedroom apartment. But that's exactly what he found, thanks to a...more
Bans Parikh, president of Bank of America's Inland Empire region, says the bank is "creating real change in the Inland Empire" with its latest round of grants to local nonprofits. The grants,...more
Foundation: Eastern West Virginia Community Foundation
The Eastern West Virginia Community Foundation is accepting grant applications for its Berkeley County Industrial Park Development Fund through July 31st. Organizations eligible to apply include...more
"We are proud of the progress made and will continue to work diligently to address homelessness in our city." That's the pronouncement of Livermore, Calif., city manager Marianna Marysheva, after...more
"We are incredibly grateful to the Leon Levine Foundation for their generous support and confidence in our mission," Kyna Grubb, executive director of Rowan Helping Ministries, says in a press...more
Foundation: Community Foundation of Greater Fort Wayne
"We know that per (211's) study that over 50% of the Hispanic population does not know about or is not accessing nonprofit services. So we really want to make sure that we're serving those...more
"This program makes a difference in the lives of the teenagers who will be the backbone of our community and our workforce." That's how Oneida County Workforce Development Director David Mathis...more
"Having a new home has changed my life so much of a great way," says a homeless man in Edinburgh, Scotland. "I've got so much freedom to go out walking, to do my artwork, and I feel it's helping...more
"We can help close the economic gaps that Black Americans face, and, in so doing, the entire American economy, potentially generating $1-1.5 trillion per year in GDP," Samantha Tweedy, CEO of the...more
Moved Permanently
The document has moved here.
Grants News from around the Web
Community Building News from...
Wells Fargo Foundation
New Hampshire Charitable Foundation
Community Foundation of Southeast Kansas
Dallas Foundation
Oak Park-River Forest Community Foundation
Greater Washington Community Foundation
Rhode Island Foundation
Community Foundation for Greater Atlanta
California Community Foundation
Arizona Community Foundation
Social Entrepreneurship
Spotlight
Halcyon Incubator Selects Inaugural Class of Fellows
Washington, D.C. based incubator for social entrepreneurs, Halcyon Incubator, has selected seven ventures to move into the newly renovated Halcyon House in September for its inaugural class of fellows.
