National Housing Trust Fund to be Funded

Last week, the Federal Housing Finance Agency (FHFA) directed Fannie Mae and Freddie Mac to begin allocating funds to the National Housing Trust Fund (NHTF). Congress created the NHTF in 2008 to fund affordable housing for people with the lowest incomes, a group that includes many people with disabilities. However, until now the NHTF has remained unfunded. The Housing and Economic Recovery Act of 2008 authorized FHFA to temporarily suspend allocations from Fannie Mae and Freddie Mac to the NHTF, which FHFA did on November 13, 2008. Last week, FHFA ended the suspension, meaning that Fannie Mae and Freddie Mac will now begin setting aside and directing funds to the NHTF. The NHTF will be administered by the Department of Housing and Urban Development (HUD), which issued a statement noting that HUD will “soon issue regulations” to implement the NHTF. The Arc strongly supports funding the NHTF to help meet the urgent needs of people with disabilities for affordable, accessible community housing.

 

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