Public Affairs Detail – Public Affairs Detail | Federal Housing Finance Agency


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This annual report describes FHFA’s accomplishments, as well as challenges, the agency faced in meeting the strategic goals and objectives during the past fiscal year.
Read about the agency’s 2022 examinations
of Fannie Mac, Freddie Mac and
the Home Loan Bank System.
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As conservator, FHFA is focused on ensuring that each Enterprise builds capital and improves its safety and soundness.
1.  
Op​​erate the bu​​sines​s in a safe a​nd sound manner.
​2.​  
​​​​​​​​​​Prom​ote su​​stainable and equitable access to affordable housing.
2023 Scorecard

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​​​​​​​​​​​​​​Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) announced that the Housing Trust Fund and Capital Magnet Fund will receive approximately $301 million for affordable housing initiatives from Fannie Mae and Freddie Mac (the Enterprises).
“Affordable housing is one of the greatest challenges facing communities across the country today,” said FHFA Director Sandra L. Thompson. “A portion of every loan purchased by the Enterprises is allocated to the Housing Trust Fund and the Capital Magnet Fund, which provide resources that increase affordable housing options in our communities.”
The Housing Trust Fund, overseen by the U.S. Department of Housing and Urban Development, will receive $196 million. The Housing Trust Fund allocates funding annually to states and state-designated entities to produce or preserve affordable housing through the acquisition, new construction, reconstruction, and/or rehabilitation of non-luxury housing.
The Capital Magnet Fund, overseen by the U.S. Department of the Treasury, will receive $105 million. The Capital Magnet Fund competitively awards money to finance affordable housing activities, related economic development activities, and community service facilities.​​

By law, amounts allocated to these funds are based on the Enterprises’ new business purchases. Market conditions in 2023, including elevated interest rates, reduced the Enterprises’ total new business purchases compared to the previous year.
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© 2024 Federal Housing Finance Agency

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