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How the Housing Trust Fund and Capital Magnet Fund Support Affordable Housing

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  • Congressional Budget Office

Abstract

The Housing Trust Fund and the Capital Magnet Fund provide grants to increase and preserve the supply of affordable rental housing and to increase homeownership for low-income households. The funds are financed through fees paid by Fannie Mae and Freddie Mac, two government-sponsored enterprises (GSEs), on new mortgage guarantees that they make.

Suggested Citation

  • Congressional Budget Office, 2022. "How the Housing Trust Fund and Capital Magnet Fund Support Affordable Housing," Reports 58427, Congressional Budget Office.
    • Handle: RePEc:cbo:report:58427
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    File URL: https://www.cbo.gov/system/files/2022-11/58427-gse-funds.pdf
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    More about this item

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • H53 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Welfare Programs
    • I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs

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