Relevant:
- Homeownership Falls Despite Affordable Mortgage Rates
- Federal Home Loan Bank of Chicago Awards $4.6 Million Through Its Affordable Housing Program
- Federal Home Loan Bank of Boston Distributes $3 Million for Affordable Housing
- San Francisco tech bubble spills into mega housing bubble; Median price nears $1 million while homeownership rate falters
- The Need for Refinancing for All
2009-10-29 — reuters.com
"The Federal Home Loan Bank of San Francisco`s matching grant first-time homebuyer programs can be used in conjunction with the FHA Streamlined Section 203(k) rehabilitation program to purchase and rehabilitate affordable homes. While single-family housing inventory is high and prices remain low, the compatibility of the Bank`s Workforce Initiative Subsidy for Homeownership WISH) and Individual Development and Empowerment Account(IDEA)grants with FHA`s Streamlined rehab program can expand homeownership opportunities for eligible lower-income families and help to stabilize communities hard hit by the
foreclosure crisis."
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