Housing Assistance: An Inventory of Fiscal Year 2010 Programs, Tax Expenditures, and Other Activities
U.S. Government Accountability Office
Affordable Housing Program
| Administering Agency/Entity |
Federal Home Loan Banks |
| Short Description |
Subsidizes the purchase, construction, rehabilitation, or refinancing of owner-occupied housing for very low- to moderate income households and rental housing for very low-income households. The Federal Home Loan Banks offer grants and loans with below-cost interest rates, and must contribute 10 percent of their previous year's net earnings to this program. |
| Primary Purpose |
Assistance for financing rental housing |
| Type of Housing Supported |
Both |
| Type of Assistance |
Grant; Loan |
| Fiscal Year 2010 Obligations |
$216,000,000 |
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