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H.R. 8599

BillFederalHouseIn Committee
To amend the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to adjust the affordable housing allocations.
About This Bill
Committee
Latest Action · July 29, 2022
Referred to the House Committee on Financial Services.
Congress
117th (2021–2023)
Introduced
July 29, 2022
Cosponsors (0)
None
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Summary

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Generating Resources and Opportunities Within Affordable Housing Act or the GROW Affordable Housing Act This bill increases the amount of funds the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal National Mortgage Association (Fannie Mae) must allocate each year to the Housing Trust Fund and the Capital Magnet Fund, both of which support affordable housing and are administered by the Department of Housing and Urban Development.

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