Administration Announces Plan to Back State, Local Bond Programs

摘要

The Obama Administration unveiled an initiative on October 19 to support state and local housing finance agency single-family mortgage and rental housing finance programs by purchasing new bonds and establishing a liquidity facility for existing bonds.rnThe HFA support is being provided by the Treasury Department in conjunction with the Federal Housing Finance Agency (FHFA), Fannie Mae, and Freddie Mac, using authority provided to the Treasury under the Housing and Economic Recovery Act of 2008 (HERA).