HR 8824
Federal Financing Bank Risk-Sharing Act of 2020
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill aims to continue and expand a program called the Federal Financing Bank Risk-Sharing Program, which provides financial support to Housing Finance Agencies for building and maintaining affordable rental housing. It requires the Department of Housing and Urban Development and the Department of the Treasury to maintain this partnership and allows for new commitments, subject to overall limits. The bill also extends eligibility to include community development financial institutions and clarifies the definition of ‘affordable housing’ within the program’s guidelines.
Sponsors
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Primary sponsor
Nydia M. Velazquez
Cosponsor
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