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In late 2014, Federal Housing Finance Agency (FHFA) Director Melvin L. Watt instructed Fannie Mae and Freddie Mac to begin setting aside and allocating funds for the Housing Trust Fund (HTF) and the Capital Magnet Fund. The Housing & Economic Recovery Act of 2008 mandated that HUD administer the HTF. Fannie Mae and Freddie Mac began setting aside payments on Jan. 1, 2015.
