Congressman Wm. Lacy Clay Scores Major Victory for Affordable Housing after Federal Housing Finance Agency Finally Releases Over $367 Million in Delayed Payments
April 24, 2019
Congressman Wm. Lacy Clay WASHINGTON, DC – After an urgent effort by Congressman Wm. Lacy Clay (D) Missouri, the Federal Housing Finance Agency has released payments of over $367 million to two vital programs that support access to affordable housing. The long-delayed payments include $244 million to the Housing Trust Fund and $131 million to the Capital Magnet Fund. The decision to release the funds came after Mr. Clay directed a letter to FHFA Acting Director Joseph Otting, urging him to allow funding access to affordable housing as a top, bipartisan national priority. Mr. Clay, who is the Chairman of the