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.
A former hospital campus in Woodbury, Minn., is about to undergo a major transformation. Inspira Health, which owns the site, plans to move its emergency and behavioral health services to a...more
New Jersey's Inspira Health is selling its former hospital campus in Woodbury to the city for $200 million, reports the Philadelphia Inquirer. The nonprofit health system plans to move its...more
Foundation: Marin Community Foundation
In 1987, a couple in Marin County, Calif., left $1 billion to the Buck Trust, a charity that has since grown to more than $1 billion. But the couple's wishes weren't exactly spelled out in the...more
If you're in a big city like New York or Boston and can't afford to live there, the federal government can help. That's according to a new report from the Brookings Institution, which says the US...more
A $5.3 million grant will help 125 homeless people get off the streets and into permanent housing in downtown Long Beach, Calif., the Long Beach Press-Telegram reports. The state's Encampment...more
Foundation: Truist Foundation
With Hurricane Idalia barreling toward Florida, the Truist Foundation is making a big donation to help those in the storm's path. The foundation, a charity affiliated with the insurance company,...more
Nebraska residents who lost their jobs during the Great Recession can now get some help from the state to get back on their feet. The Omaha World-Herald reports the North and South Omaha Recovery...more
If you're in the business of making the world a better place, there's a new model you may want to try: social enterprise. As the Social Enterprise Council of New South Wales, Australia, explains...more
Foundation: Comox Valley Community Foundation
The Comox Valley Community Foundation is accepting grant applications until Sept. 21 for a total of $441,360 in funding to be distributed to local non-profit organizations in British...more
Foundation: Maine Community Foundation
The Maine Community Foundation has released its latest round of grants, with nearly $97,000 going to community organizations in Franklin and Somerset counties. Among the recipients: the Center...more
Find Top Fifty Foundation Givers
Source: Foundation Stats (Foundation Center) / CC BY-NC-SA 4.0
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
Follow @topgovtgrant
Social Entrepreneurship
Spotlight
Indigital Works to Close the Indigenous and Non-Indigenous Digital Divide
Indigital is Australia’s first Indigenous Edu-tech company, specializing technology development and digital skills training in augmented and mixed realities, artificial intelligence, machine learning, internet of things and geospatial technologies.
Social Services Jobs in North Carolina
Social Services Jobs
Foundation Related Jobs
Social Work Jobs
Executive Director Jobs
Substance Abuse Jobs
