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.



Osu Ecampus Secures State Grant Funding to Help Veterans Who Learn Online with Housing Costs

Online students tend to be better off financially than on-campus students, but a new program at Oregon State University aims to even the playing field. Thanks to a state grant, the university is...more

Groundbreaking California Leaders Lauded by The James Irvine Foundation for Bold ...
Foundation: James Irvine Foundation, Irvine Foundation

"The California Way means finding new solutions to big problems, and that's exactly what these leaders have demonstrated through their innovative work to tackle homelessness, climate change, and...more

Rochester Getting $281,000 State Grant to Fight Homelessness

"Without access to housing nothing else in your life works," Sen. Tina Smith says. "Not your job, your health, your education, or your family." Smith, a Democrat from Minnesota, and...more

Midland Area Community Foundation Grants over $1 Million in Fourth Quarter
Foundation: Midland Area Community Foundation

The Midland Area Community Foundation recently handed out more than $1 million in grants, but one project in particular caught the foundation's attention. MLive.com reports on the "iMatter...more

Wsfs Cares Foundation Provided More Than $2.4 Million in Charitable Grants ...

"We stand for service." That's what WSFS Financial Corporation's charitable giving arm, the WSFS CARES Foundation, says in a press release about its grants and donations to community...more

Hyundai Donates $15,000 Each to Georgia Southern University and the Ronald McDonald ...

"With our global vision of progress for humanity, Hyundai is proud to support organizations that are doing good for their community." So says Brandon Ramirez, director of corporate social...more

Local Nonprofits Get Grants From Princeton Area Community Foundation
Foundation: Princeton Area Community Foundation

The Princeton Area Community Foundation has awarded more than $1 million in grants to more than 60 community organizations in the New Jersey city. The grants, awarded in the Community Impact and...more

The First Startup To Come Out Of UC Davis Health's Innovation Incubator

"When people think of new homes, they talk about how many bedrooms, bathrooms, and living rooms it has, but no one talks about how much health room or health space the home has," says Ashish Atreja,...more

Future Of Cities

"America's cities are diverse, dynamic, and constantly evolving," and "as we envision the city of tomorrow, what pitfalls should we sidestep and what new heights can we expect to climb?" That's the...more

Enterprise and Wells Fargo Foundation Announce $20M Housing Affordability Breakthrough ...
Foundation: Wells Fargo Foundation

"We urgently need to reimagine access to quality affordable places to live in the US, which is so tightly linked to economic stability, physical and mental health, and ultimately generational...more




Find Top Fifty Foundation Givers

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



Grants News from around the Web



Nepal’s Hidden Journeys has been offering travelers a glimpse of of how Nepali social entrepreneurs operate. Hidden Journeys are inspirational tours that enable tourists to visit Nepal’s changemakers, and have the visitors inspired, learned and changed.




Social Services Jobs in North Carolina

  Social Services Jobs
  Foundation Related Jobs
  Social Work Jobs
  Executive Director Jobs
  Substance Abuse Jobs


Federal Government Grant and Assistance Programs


Space Operations | Wildlife Restoration | Indian Law Enforcement | ARRA Health Information Technology Professionals in Health Care | National Trails System Projects | National Prison Rape Statistics Program | Denton Program | Tribal Energy Development Capacity Grants | | Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy

Edited by: Michael Saunders

© 2008-2023 Copyright Michael Saunders