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As noted, the National Homeownership Strategy, which advocated a general loosening of lending standards, at least with regard to affordable housing, was devised in 1995 by HUD under the Clinton Administration. During the rest of the Clinton Administration HUD set increasingly rigorous affordable housing loan requirements for Fannie and Freddie.
Ramps up the 'cut them off at the knees' strategy against political enemies. Tactics include a massive lobbying effort, neutering the OFHEO, creating a "partnership office" network to court the politically powerful with pork , giving high level employment to the well connected, giving out campaign contributions , creating a charity foundation ...
As part of the 1995 National Homeownership Strategy, HUD advocated greater involvement of state and local organizations in the promotion of affordable housing. [254] In addition, it promoted the use of low or no-down payment loans and second, unsecured loans to the borrower to pay their down payments (if any) and closing costs. [255]
June is National Homeownership Month. If you are ready to buy a home, I encourage you to visit HUD.gov/MakeHomeTheGoal to find a housing counselor and learn more about how HUD can help you become ...
As a result, the national homeownership rate in the U.S. stood at 65.6% during the second quarter of 2024, according to the U.S. Census Bureau. The dream of starting a family.
It's National Home Ownership Month, prompting lots of talk about the value of owning a home. The rhetoric isn't all bubbly. Sheila Bair, the outspoken head of the Federal Deposit Insurance ...
The establishment of the Federal Housing Administration (FHA) had a significant impact on the housing market in the United States. Homeownership rates experienced a notable increase, rising from 40% in the 1930s to 61% and 65% by 1995. The peak of homeownership was nearly 69% in 2005, coinciding with the height of the US housing bubble.
Oct. 18—To hear Mike Loftin tell it, presidential candidate Vice President Kamala Harris touting a plan for a down-payment assistance program during a televised debate prompted him to perk up.