Statement from HUD Secretary Julián Castro on Federal Housing Finance Agency's Action on the Housing Trust Fund

Thursday, December 11, 2014

Today, the Federal Housing Finance Agency (FHFA) directed Fannie Mae and Freddie Mac to begin setting aside and allocating funds to the Housing Trust Fund pursuant to the Housing and Economic Recovery Act of 2008 (HERA).  In reaction to this action, U.S. Housing and Urban Development (HUD) Secretary Julián Castro issued the following statement:

"Affordable housing is about opportunity. That's why today represents important progress for the American people. The Federal Housing Finance Agency's decision to release resources for the Housing Trust Fund will help people across the nation secure a decent place to call home. This effort will assist individuals from all backgrounds-including low-income families and those experiencing homelessness-in building better lives. HUD will soon issue regulations to implement the Housing Trust Fund. We look forward to working with partners from throughout the nation to expand the circle of opportunity for current and future generations of Americans."

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