Fannie Mae has developed a thoughtful set of guidelines that allow lenders to originate mortgages for buyers of permanently affordable homes. The guidelines are designed to protect the lender’s security interest in the property and right to repayment while still… Read the rest
FHFA announced in Mid September 2010 that it would soon publish new housing goals for Fannie Mae and Freddie Mac for 2010 and 2011. The final rule includes set percentages for annual mortgage loans to lower-income families as well as… Read the rest
HUD has a resource website dedicated to the Neighborhood Stabilization Program. The NSP Resource Exchange, located at www.hudnsphelp.info… Read the rest, hosts TA tools created by national TA providers along with NSP webinars, HUD updates, FAQs and HUD guidelines.
A new research report from the Urban Institute suggests that local programs that provide significant purchase assistance to low-income buyers while preserving long-term affordability can offer a sustainable and scalable strategy for overcoming generational asset inequality. Read the article here.… Read the rest