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.
Ministry of Land launches special housing program for youth and seniors in Korea - CHOSUNBIZ.The program will help provide housing for the country's youth and senior citizens.It will also help the...more
Senior tenants say quality of services has declined after management changeover at Sonoma County housing nonprofit.Residents and former employees of Santa Rosa-based PEP Housing are expressing...more
Anadu is not only a seasoned real estate investment professional from one of the industry's top firms.She also serves as chair of the board of directors of the New York City Economic Development...more
Foundation: Community Foundation of Herkimer and Oneida Counties
Artspace Utica Lofts is a new housing development specifically designed for artists and families.The approximately $18.6 million project is funded by the New York State Council on the Arts, the...more
The board voted unanimously to approve a rate increase to tuition, fees and housing for the 2025-2026 school year based on the findings of a study conducted through the fall of 2025.In-district...more
UCLA, City of Los Angeles and LA4LA have launched "Small Lots, Big Impacts" Competition seeks winning designs for faster, innovative, lower-cost housing for next generation of homeowners."We need to...more
Heather Clark, former White House Senior Director for Building Sector Climate Policy (2022 2025), makes the case for uniting two of today's most urgent movements: housing abundance and climate...more
Local organizations win $9 million for new affordable housing, social services.Connecticut's Community Investment Fund grants come amid a deluge of cuts to federal funding.The fund was established in...more
Foundation: Broomfield Community Foundation
The BRTF won the Heart of Broomfield award in 2022 for their volunteer service in finding housing, household supplies and cultural mentors.100% of the funding went directly to support...more
Foundation: Grand Haven Area Community Foundation
Brooke Oosterman, executive director of Housing Next, is wrapping up three years at the organization this week.She accepted the position of vice president of youth development for the YMCA of Greater...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
Social Enterprises Create ‘Buy Social’ Campaign
Research finds that a great number of social enterprises, businesses with social or environmental goals which reinvest their profits, are trading more with consumers all year round, not just during the holidays.
