NH&RA joined a letter led by the National Housing Conference, the National Low Income Housing Coalition, the Capital Magnet Fund Coalition, LISC and the Opportunity Finance Network which calls on the Acting Director of the Federal Housing Finance Agency to continue making allocations to the Capital Magnet Fund (CMF) and the national Housing Trust Fund (HTF). Fannie Mae and Freddie Mac have been accruing CMF and HTF dollars on a quarterly basis during 2018 and any suspension of the distribution will result in the dollars being “swept” by the U.S. Department of the Treasury where it will never be spent for housing.
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