H.R. 8824 · 116th Congress
Federal Financing Bank Risk-Sharing Act of 2020
- Stage
- In committee
- Sponsor
- Nydia Velázquez
- Introduced
- 2020-11-27
- Latest action
- 2020-11-27 · Introduced in House
Summary
Federal Financing Bank Risk-Sharing Act of 2020
This bill requires the Department of Housing and Urban Development and the Department of the Treasury to continue the Federal Financing Bank Risk-Sharing Program. The program provides financing to Housing Finance Agencies to build and maintain affordable housing. Additionally, the bill makes community development financial institutions eligible for the program.