Economy

Housing trust fund sends first payment to states

By Joseph Lawler
Published May 4, 2016 4:28pm ET
Add Washington Examiner on Google
Housing trust fund sends first payment to states
HUD Secretary Julian Castro said the money would be used to "confront a growing affordable rental housing crisis in this country." (AP Photo)

States will receive $174 million in funds to put toward affordable housing, courtesy of Fannie Mae and Freddie Mac.

The Department of Housing and Urban Development announced Wednesday morning that it was allocating the money to the 50 states out of the affordable housing trust fund, the first such payment ever made.

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.

Tag:

Department of Housing and Urban Development Fannie Mae and Freddie Mac Housing Joseph Lawler Julian Castro