Governors, HFAs Seek Treasury Relief for Housing Bond Problems

摘要

The National Governors Association (NGA) and the National Council of State Housing Agencies (NCSHA) have asked the Treasury Department to take steps to address housing finance agency bond issuance problems.rnIn an April 1 letter to Treasury Secretary Timothy Geithner signed by Govs. Edward G. Rendell (D-Pa.), Jon S. Corzine (D-N.J.), James H. Douglas (R-Vt.), and Michael Rounds (R-S.D.), the NGA noted that HFAs have been unable to issue bonds and have had to suspend their bond-financed loan programs because of credit market problems and the economic downturn.rn"In particular, state housing finance and credit allocating agencies (HFAs) have experienced difficulties accessing capital markets and have seen a loss of liquidity that makes remarketing bonds expensive," the letter states.