Washington Grantmakers and a coalition of umbrella organizations recently sent a letter (.pdf) to James Lockhart, director of the Federal Housing Finance Agency, which has oversight of Freddie and Fannie. In a response (.pdf) dated Oct. 2, Lockhart stated:
“The Federal Housing Finance Agency (FHFA), as Conservator of Fannie Mae and Freddie Mac, appreciates your concerns about the significant charitable roles the Enterprises fill in the National Capital Region…The Conservator has advised the Congress that there will be a review of the charitable activities of Fannie Mae and Freddie Mac to ensure that such activities serve their mission and are appropriate to their conservatorship status. That review continues and should soon be complete. It is envisioned that the Enterprises will continue to make charitable contributions.”
> Related: “Freddie, Fannie Charitable Donations to D.C. Area May Drop-off” (News8, 10/8) – Michael Knapp, COG President: “COG and other non-profits have joined together to urge those federal regulators to take into account the impact of Freddie and Fannie’s philanthropy in this region.”
Glen O’Gilvie spearheads nonprofit mission (Gazette, 10/8) – O’Gilvie, 33, was named CEO of the Center for Nonprofit Advancement, in June. Article quotes Silvana Straw of the Community Foundation.
JUVENILE JUSTICE/YOUTH DEVELOPMENT
D.C. Investigates Actions Of Juvenile Justice Agency (WaPo, 10/9) – “District arrests for serious juvenile crime are down 24 percent” … “Schiraldi said that progress is being made but that even one child killed is too many.”
Layoffs, Trims In Education, Services Coming (WaPo, 10/9)
Free Clinic Opens In Germantown (WaPo, 10/9)
– D.C. expands recycling program (Examiner, 10/9)
– Montgomery councilwoman peddles bike rental program (Examiner, 10/9) – Peddles! Get it?!