Two organizations synonymous with the 2008 financial crisis could play vital roles in helping America’s most vulnerable residents get off the streets.
ThinkProgress reported that Fannie Mae and Freddie Mac — two government-backed mortgage companies whose buying and guaranteeing of risky mortgages contributed to the Great Recession — are now able to contribute to the National Housing Trust Fund.
The fund was created in 2008 to support affordable housing initiatives nationwide but had laid dormant until now, as the Federal Housing Finance Agency (FHFA) announced in December that “both [Fannie Mae and Freddie Mac] are financially fit” to contribute.
The two organizations were barred from setting aside money for the fund previously due to the financial crisis.
via Fannie Mae And Freddie Mac May Help End Homelessness In America.
