Use of FHA, Ginnie Profits in Affordable Housing Ok’d
June 24, 2002
The House Financial Services Committee last week approved an amendment to use FHA and Ginnie Mae profits to help build more affordable housing. In a party line vote of 33 to 28, the committee passed the amendment introduced by Rep. Bernie Sanders, I-VT, during consideration of Rep. Marge Roukema’s omnibus housing bill, the Housing Affordability for America Act.