(Reuters) - The bill establishes the National Affordable Housing Trust Fund, which would receive an infusion of funds from mortgage finance companies Fannie Mae FNM.N and Freddie Mac FRE.N as well as new revenue from an existing program for home loan insurance.
The trust fund would recycle money from other national housing programs, rather than raise taxes or budget spending, said Rep. Barney Frank, chairman of the House of Representatives Financial Services Committee.
Read more at Reuters.com Bonds News
The trust fund would recycle money from other national housing programs, rather than raise taxes or budget spending, said Rep. Barney Frank, chairman of the House of Representatives Financial Services Committee.
Read more at Reuters.com Bonds News
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