Federal Financing Bank and Risk-Sharing Program (FFB Risk Share) was created ten years ago in response to the housing recession. It is a flexible financing tool that dramatically lowers the cost of capital for cities and states seeking to finance affordable housing. Since it was introduced, more than 20,000 affordable homes were financed through this program, which is set to expire at the end of this month. Yesterday, Eric Enderlin, President of NYC’s Housing Development Corporation, and Edwin King, CEO of Kentucky’s Housing Corporation, wrote a joint op-ed in The Hill describing how critical this program is to both states and the nation and why it must be extended. NYHC urges the U.S. Department of Treasury and the Department of Housing and Urban Development (HUD) to not only extend the program, but make a long-term commitment to this program.

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