Industry News

House OKs $1 billion-a-year housing fund

Fannie, Freddie, FHA would provide funding
Published on Oct 11, 2007

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by CareyBot

The House of Representatives approved legislation Wednesday that would siphon off up to $1 billion a year from Fannie Mae, Freddie Mac and the Federal Housing Administration to build affordable rental housing and provide down-payment assistance for first-time home buyers. ...