New GSE Affordable Housing Funds : The Housing Trust Fund and the Capital Magnet Fund.

Reviews background on and structure of affordable housing funds and funding mechanisms under P.L. 110-289, the Housing and Economic Recovery Act, which requires that FNMA (Fannie Mae) and the Federal Home Loan Mortgage Corp. (Freddie Mac) contribute to new affordable housing fund for owner-occupied...

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Bibliographic Details
Corporate Authors:	Library of Congress. Congressional Research Service, ProQuest (Firm)
Format:	eBook
Language:	English
Published:	[Place of publication not identified] : [publisher not identified], 2008.
Series:	U.S. Congressional Research.
Subjects:	Federal aid to housing. Finance > Law and legislation. Electronic books.
Online Access:	Connect to the full text of this electronic book

Description
Summary:	Reviews background on and structure of affordable housing funds and funding mechanisms under P.L. 110-289, the Housing and Economic Recovery Act, which requires that FNMA (Fannie Mae) and the Federal Home Loan Mortgage Corp. (Freddie Mac) contribute to new affordable housing fund for owner-occupied and rental housing. Discusses rationale for requiring Government sponsored enterprise contributions to the affordable housing funds, outlines current issues that may affect the funds, and includes appendix summarizing housing trust fund bills in the 106th-110th Congresses.
Item Description:	Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Dec. 2010). Reuse except for individual research requires license from ProQuest, LLC. CRS Report. Electronic resource.
Physical Description:	1 online resource.