HUD and Treasury Extend Initiative to Finance the Construction and Rehabilitation of Affordable Rental Homes for Low-Income Families

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“Today, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury (Treasury) announced that they will indefinitely extend the Section 542(c) Housing Finance Agency Risk-Sharing Initiative offered through HUD’s Federal Housing Administration (FHA) and Treasury’s Federal Financing Bank (FFB). The Risk Sharing Initiative provides a critical source of cost-effective capital for state and local housing finance agencies (HFAs) that supports the creation and preservation of high quality, affordable rental homes, and its extension will allow even more HFAs to participate in this important program.”

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