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Statement by Brian Faith Vice President, Media and External Relations on Support for Housing Finance Agencies
The Administration's new initiative to bolster state and local Housing Finance Agencies (HFAs) will enable the HFAs to continue providing flexible, low-cost financing for low-income and first-time homebuyers, and multifamily developments where low- and very low-income renters reside. Fannie Mae is committed to working with the Administration, FHFA and our industry partners to rapidly implement the HFA initiative, and we will continue to support the HFAs over the long term by providing much-needed liquidity in this key market sector.
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