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1938: The Federal National Mortgage Association, or Fannie Mae, is established as part of Franklin D. Roosevelt's New Deal, to purchase mortgages guaranteed by the Veterans Administration and the Federal Housing Administration. This took the loans off the books of mortgage lenders, freeing up capital so that they could make more loans. [1]
Complicating the recovery is the fact that homeownership remains unaffordable for much of the country. Median home prices are about 30% higher today than pre-pandemic, outpacing income gains made ...
The New York Housing Conference (NYHC) was established in 1973 to develop and advocate for affordable housing policy and programs at the federal, state and city level. NYHC has worked with local government agencies to create low-, moderate- and middle-income housing programs locally and has helped gain enactment of major housing legislation.
Buying a home in Boston-Cambridge-Newton area isn't exactly cheap, with home prices averaging $694,494, according to Zillow. That's more than $200,000 north of the national average home price of ...
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Buying a home for the first time is a major decision, and navigating the homebuying process can be really challenging. But it can be especially difficult for people of color, who have historically ...
In 1995, she met Bill Clinton at the National Homeownership Ceremony. In 2001, she was accepted into the yearlong James A. Johnson Community Fellows Program of the Fannie Mae Foundation. In 2003, Justa was awarded a Lifetime Achievement Award and met keynote speaker Hillary Clinton at the National Housing Conference. After her retirement, NHS ...
According to the U.S. Census Bureau, the national homeownership rate in the third quarter of 2023 was 66 percent — meaning two-thirds of Americans are homeowners. At times during the past couple ...