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The agencies — along with laws such as the Community Reinvestment Act (passed in the 1970s, then fortified in the Clinton years), which required banks to make loans to people with poor and ...
The Clinton administration lost the battle to use pensions to fund low-income housing, but it succeeded in winning the war by drafting Fannie Mae, Freddie Mac and the commercial banking system into the affordable-housing effort.
10 sty 2017 · The Community Reinvestment Act and the Recent Mortgage Crisis – Federal Reserve; Did Affordable Housing Legislation Contribute to the Subprime Securities Boom?
25 mar 2024 · In response, Bill Clinton promised to “end public housing as we know it” and introduced the HOPE VI program. HOPE VI became a hallmark of the Clinton years and largely amounted to ...
15 kwi 2015 · The next year, Clinton set quotas for lending in high-risk neighborhoods under an overhauled Community Reinvestment Act, while adding several hundred bank examiners to enforce the tougher...
The Housing and Community Development Act of 1992 established an affordable housing loan purchase mandate for Fannie Mae and Freddie Mac, and that mandate was to be regulated by HUD. Initially, the 1992 legislation required that 30 percent or more of Fannie's and Freddie's loan purchases be related to affordable housing.
On March 15, 2022, President Bill Clinton led conversations on creating more pathways for a new generation of homeownership and finding unique solutions to creating more equitable, inclusive, and climate-resilient affordable housing in the United States.
