Government Entity Proposed to Replace FHA, Ginnie Mae
June 10, 2002
A congressional commission tasked to conduct policy research on affordable housing recommended an overhaul of the Federal Housing Administration and a merger with Ginnie Mae to form a new government corporation. The restructuring and other reform proposals would give the FHA more autonomy and add flexibility to its single- and multifamily housing programs to help it meet the increasing demand for affordable housing, according to the Millennial Housing Commission, a bipartisan panel created by