"The U.S. Department of Housing and Urban Development and the U.S. Department of the Treasury today announced new actions to provide more interest rate certainty for state and local Housing Finance Agencies (HFAs) that use the Federal Housing Administration's (FHA) risk sharing initiative with the Federal Financing Bank to finance new construction of affordable housing. Since Day One, the Biden-Harris Administration has been committed to using all available tools to boost the supply of affordable homes and lower housing costs for all Americans. This whole-of-government effort is outlined in today's White House fact sheet, which highlights HUD's latest actions to increase the construction of affordable new homes."