Overview of Federal Support for Housing

Overview of Federal Support for Housing

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The fed. govAit. commits substantial resources to support housing and mortgage markets through a combination of spending programs and tax expend. During the crisis of the past two years, the budgetary commitment expanded Ai to about $300 billion in FY 2009 Ai from the placement into conservatorship in Sept. 2008 of Fannie Mae and Freddie Mac and the creation of new housing programs. This report describes the array of fed. activities that support housing and the recent expansion of particular programs. This report categorizes 28 fed. housing activities by type of support (homeownership or rental), mechanism (spending or taxation), and budgetary cost in 2009. Charts and tables.For loans and loan guarantees, the Federal Credit Reform Act of 1990 requires the Congressional Budget Office ... the sale of their primary home without paying taxes on that gain, and the first-time home buyer credit ($14 billion) lowers by up anbsp;...

Title:Overview of Federal Support for Housing
Author:Elizabeth Cove Delisle
Publisher:DIANE Publishing - 2010-11


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