Barr Thanks HFAs for Leadership, Calls States "Key Partners"

Treasury Assistant Secretary for Financial Institutions Michael Barr addressed a packed house of state housing finance agency (HFA) staff, leaders, and their affiliate partners yesterday in Washington at NCSHA's 2010 Legislative Conference.  Calling HFAs "key partners" of the Administration, Barr praised HFAs for the important role they have played to stabilize the housing market and help American homeowners.

Barr specifically addressed the Administration's 2009 HFA Initiative, and its recent Hardest Hit Fund, a $1.5 billion initiative to fund innovative foreclosure prevention activities in the five states hardest-hit by home price declines and joblessness.

See the full text of Barr's remarks here.