Rep. Frank’s Committee Passes GSE-Funded Affordable Housing Trust Fund; Prospects Uncertain in the Senate
August 2, 2007
The House Financial Services Committee this week approved H.R. 2895, the National Affordable Housing Trust Fund Act of 2007, which would tap Fannie Mae, Freddie Mac and the FHA to pay for subsidies for an estimated 1.5 million housing units over the next decade. The bill...