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.



'Preserving Dignity' - a Day of Giving in Orange County
Foundation: Orange County Community Foundation

The Orange County Community Foundation hosted the \"Protect Dignity\" event, a cooperative donation day that aims to raise $100,000 for seven non-profit organizations throughout Orange County that...more

$4 Million Contributions to House Marin County Homeless Vets
Foundation: Marin Community Foundation

After receiving $4 million in funding from the state budget, the construction of the first priority housing project for homeless veterans in Marin County will break ground next year. This funding...more

Motel to Shelter Housing Insecure Gresham Residents with $7M grant
Foundation: Oregon Community Foundation

The Oregon Community Foundation announced that it will provide Rockwood Community Development Corporation (Rockwood CDC) with nearly $7 million in funding to acquire and renovate a 75-room motel in...more

Well CDC to Complete its 60th Restored Home in Akron
Foundation: Akron Community Foundation

The Well Community Development Corporation (CDC), a nonprofit that aims to improve communities through housing restoration and economic development initiatives, has restored 57 homes in Akron's...more

Oregon Community Foundation Completes Record Funding Cycle
Foundation: Oregon Community Foundation

Juliette's House, YCAP and Reach Northwest received grants totaling $66,000 from the Oregon Community Foundation. The grants are part of a record funding cycle by the Oregon Community Foundation...more

Thurston TOGETHER! Launches HOST Homes for Unaccompanied Youth
Foundation: Community Foundation of South Puget Sound

TOGETHER! has been igniting change across the South Sound and beyond since 1989 with health promotion, youth development and prevention initiatives. TOGETHER! is acutely aware of the alarmingly...more

Peninsula Community Foundation Giving Day has Record Results
Foundation: Peninsula Community Foundation of Virginia

Give Local 757!(TM) the annual 24-hour day of giving hosted on the second Tuesday in May by the Peninsula Community Foundation raised a record $1,712,358 in 2021. The donations, which came from...more

Program Provides Emergency Grants to Santa Barbara Businesses
Foundation: Santa Barbara Foundation

A partnership of the Santa Barbara Foundation and the Santa Barbara County provides emergency business grants. The funds, which are available through the U.S. Department of Housing and Urban...more

The Omaha Community Foundation Launches Impact Investing Fund
Foundation: Omaha Community Foundation

The Omaha Community Foundation has launched the Community Loan Fund with the aim of accelerating positive social outcomes within our community through impact investing. The Community Loan Fund...more

Adapting Old Buildings to Climate Change Requires New Financial Tools

The startup BlocPower uses software to identify buildings that are prime candidates to receive more efficient energy systems. That might mean installing an electric heat pump or a microgrid to...more




Largest Foundations by Assets for 2012

Want to find foundation giving by subject area? see here



Rank
Foundation
Grants
Total Given
1
238
130,480,094
2
718
80,311,627
3
117
79,529,515
4
220
70,345,234

Find Top Fifty Foundation Givers

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



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