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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.
Foundation: Citi Foundation
Citi Foundation will deploy $50 million in philanthropic grants to nonprofits addressing housing challenges and supporting the financial health of residents in their communities.Citi Foundation...more
Middle, high school students invited to a€˜Wholly Shift!a&# 128; ™ at 2026 Hastings Youth Conference.The conference is designed to be an inclusive space where young people can explore...more
John's Community Health has received support from a wide range of funders over the years.The organization addresses a range of issues that impact working families, including child care, housing,...more
Foundation: Pasadena Community Foundation
The Eaton Fire in January 2025 destroyed 14 units of affordable housing in Altadena.The Altadena Builds Back Foundation (ABBF) has awarded a $5.8 million grant to rebuild the housing.ABBF is the...more
Foundation: Inland Empire Community Foundation
A proposed affordable housing tour aims to highlight several housing sites in Riverside and San Bernardino counties.Inland SoCal Housing Collective executive director hopes the tour will illuminate...more
The City of Geneva has been awarded $250,000 through the state's Technical Assistance to Grow Pro-Housing Communities.The Town of Owasco will also receive an equal amount of funding through the...more
A $13.3 million Transit Oriented Communities Infrastructure (TOCI) grant has been awarded to four Colorado communities.Longmont specifically will use $4 million in grant funds to support the...more
Foundation: Community Foundation of the Texas Hill Country
The Community Foundation of the Texas Hill Country has raised money to give and support the community in the biggest times of need in Kerrville history.One of its biggest initiatives has been...more
Foundation: Citi Foundation
Housing Affordability and Help Create and Preserve 250,000 Units Over Five Years.Citi Foundation will also deploy $50 million in philanthropic grants to non-profits addressing housing challenges and...more
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Wells Fargo Foundation
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Community Foundation for Greater Atlanta
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