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As part of the 1995 National Homeownership Strategy, HUD advocated greater involvement of state and local organizations in the promotion of affordable housing. [145] In addition, it promoted the use of low or no-down payment loans and undisclosed second, unsecured loans to the borrower to pay their down payments (if any) and closing costs. [146]
[208] [209] Before its failure, IndyMac Bank was the largest savings and loan association in the Los Angeles area and the seventh-largest mortgage originator in the United States. [ 210 ] July 14 : Barney Frank characterizes future prospects of Fannie Mae and Freddie Mac as "solid" going forward.
Lasy year, entrepreneur Jonathan Ochart moved to Los Angeles with big dreams for his public relations business. With its bustling entertainment industry and thriving start-up scene, L.A. seemed ...
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The mission of the Thai Community Development Center is "to advance the social and economic well-being of low and moderate income Thais and other ethnic communities in the greater Los Angeles area through a comprehensive community development strategy including human rights advocacy, affordable housing, access to healthcare, promotion of small businesses, neighborhood empowerment, and social ...
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June 5 – Clinton delivered an address on the National Homeownership Strategy in the East Room during the morning. [ 150 ] June 6 – Clinton addressed the National Governors' Association Summit on Young Children at the Stouffer Renaissance Harbor Place during the afternoon.
The Los Angeles City Council finalized the last of its new tenant protections Tuesday, with only minor changes from the package unanimously approved in late January.. Several elements of the ...