"Today, the Biden-Harris Administration announced the indefinite extension of the Federal Housing Administration (FHA) and Federal Financing Bank (FFB) Risk-Sharing program (FFB Risk-Sharing) as part of a fact sheet on actions to boost housing supply and lower housing costs. The National Association of Affordable Housing Lenders (NAAHL) strongly supports the Administration's action to indefinitely extend FFB Risk-Sharing program.

'The FFB Risk-Sharing program is a proven lever to boost the construction and preservation of affordable multifamily rental housing, which we have a national shortage of,' said Sarah Brundage, President and CEO of NAAHL. 'We commend the Administration for indefinitely extending FFB Risk-Sharing which signals to housing finance agencies the stability of this program and to fully utilize it.'"