House Financial Services Chairman Barney Frank announced yesterday, at the annual policy conference of the National Low Income Housing Coalition, that his committee is pushing for legislation to fund continuation of 1 million units of low income housing which would otherwise expire. The Obama administration proposes $1 billion for the housing trust fund created last year, with money coming from Fannie Mae and Freddie Mac. No one knows yet how much of this $1 billion will go towards renovation of the existing units.
Tuesday, April 21, 2009
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