- On April 6, Fannie Mae released results of the Fannie Mae National Housing Survey, a comprehensive research project that surveyed more than 3,000 consumers to assess their confidence in homeownership as an investment, the current state of their household finances, their views on the U.S. housing finance system, and their overall confidence in the economy.
- State agencies award Housing Credits to housing developers, who turn the Credits into construction funds by selling them to investors. These funds allow developers to borrow less money and pass through the savings in lower rents for low-income tenants.
- The Housing Choice Voucher (voucher) program is one of the federal government’s largest housing programs helping low-income families find affordable housing. Project-based Section 8 rental assistance program contracts provide subsidies that are assigned to particular developments to help offset the cost of construction and rehabilitation and to make up the difference between market rents and what a low-income tenant can afford.
- HOME is the largest federal block grant to state and local governments designed exclusively to produce affordable housing for low-income families. It allows states and localities to decide how best to use the scarce HOME funds to meet their most urgent affordable housing needs.
- The Housing Trust Fund (Trust Fund) is a permanent federal fund authorized by the Housing and Economic Recovery Act of 2008 (HERA). It provides grants to States to increase and preserve the supply of rental housing for extremely low and very low-income families, including homeless families, and to increase homeownership for extremely low-income families and individuals.
The Mortgage Revenue Bond (MRB) and tax-exempt multifamily housing bond programs (collectively, Housing Bonds) have provided 4 million lower-income Americans with affordable homeownership and another 1 million with rental housing opportunities.- Draft White Paper on the Future of the U.S. Secondary Market for Residential Mortgages Prepared by the Mortgage Finance Working Group Sponsored by the Center for American Progress December 2009
HUD released their Report to Congress on the Root Causes of the Foreclosure Crisis, as mandated by the Housing and Economic Recovery Act (HERA) of 2008, in January 2010.
Detailed, project-by-project list of TCAP commitments and awards as of February 14, 2010, provided by Treasury.
Detailed, project-by-project list of TCAP commitments and awards as of January 31, 2010, provided by Treasury.
