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NCSHA Proposed Treasury-Federal Reserve Housing Bond Facility

Published on March 29, 2020
NCSHA Proposed Treasury-Federal Reserve Housing Bond Facility

These documents include a summary and term sheet for a Housing Bond Facility that the Treasury and the Federal Reserve System could establish to address COVID-19-related dislocations in the market for housing bonds. This facility could help HFAs while they are on the front lines of dealing with issues caused by the pandemic, including homeowner defaults, non-payment of rent by those most likely to become unemployed, and the need to strengthen homeownership and rental markets buffeted by unfavorable economic impacts.