Sanders Welcomes Funding for Affordable Rental Housing
WASHINGTON, Dec. 11 – Sen. Bernie Sanders (I-Vt.), a national leader in efforts to increase affordable housing, welcomed a move today that could free up hundreds of millions of dollars to expand affordable rental housing nationwide.
The Federal Housing Finance Agency ended its temporary suspension of contributions to funds designed to allow more renters to find the homes they need at prices they can afford. The agency that oversees Fannie Mae and Freddie Mac ordered those companies to begin to make payments to affordable housing funds next year. The money will go into a fund to provided dedicated revenue for low-income housing. States and local agencies then could apply for the money and use it to finance very-low-income rental housing construction or rehabilitation projects.



