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National Organizations Demand GSEs Begin Payments to National Housing Trust Fund
National Organizations Demand GSEs Begin Payments to National Housing Trust Fund Attorneys with Florida Legal Services representing the National Low Income Housing Coalition and the Right to the City Alliance sent a letter today to Federal Housing Finance Agency (FHFA) Acting Director Edward DeMarco demanding that FHFA release funds from Fannie Mae and Freddie Mac to the National Housing Trust Fund, as required by statute. The National Housing Trust Fund, signed into law in 2008 as part of the Housing and Economic Recovery Act (HERA), would build, preserve, rehabilitate and maintain rental homes affordable to extremely low income renter households. The initial funding source for the National Housing Trust Fund was to be a portion of the business volume from government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. Soon after passage of HERA, the GSEs were placed into conservatorship and payments to the National Housing Trust Fund…Written on Thursday, 02 May 2013 16:58
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