Colorado Housing and Finance Authority to get additional funding

CHFA to get additional financing:
The Colorado Housing and Finance Authority will be getting additional help from Uncle Sam to help low-and moderate income home buyers get mortgages and provide more affordable rental housing in the state, under a plan unveiled today by the Obama Administration. Details of the plan, such as the amount available to CHFA and groups like it, and the exact number of people it could help in Colorado, are not yet known.
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No decision yet on homebuyer credit – Obama official:
NEW YORK (CNNMoney.com) — While momentum is building on Capitol Hill to extend the $8,000 first-time homebuyer credit, President Obama’s housing secretary said Tuesday the administration has not decided whether to support its expansion. Housing Secretary Shaun Donovan told the Senate Banking Committee that the administration wanted more time to better assess the cost of the credit, which expires on Nov. 30.
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Obama Admin Unveils New Housing Market Effort :
WASHINGTON (Dow Jones)–The Obama administration is launching a new effort to bolster the housing market that aims to restore financing to strapped state and local housing finance agencies. Such agencies, known as HFAs, provide low-interest mortgages for low- and moderate-income families and fund the development of affordable rental housing. They have come under strain amid the financial crisis as investors have shunned their debt, forcing the agencies to curtail their activities. HFAs have issued about $4 billion in tax-exempt bonds so far in 2009, down from about $10 billion in 2008 and $16 billion in 2007, according to National Council of State Housing Agencies President Susan Dewey.
Go to Article (Wall Street Journal )