Close

October 1, 2012

Wait a second, how many government housing programs are there?

October 1, 2012

Wait a second, how many government housing programs are there?

If you think that there is overlap and excess between Freddie Mac and Fannie Mae, consider this:

The Government Accountability Office (GAO) has completed a study on the number of government housing assistance programs. And that number is 160! According to the report:

“The federal government plays a major role in providing housing assistance to homebuyers and renters and to state and local governments. It incurred about $170 billion in obligations for federal assistances and forgone tax revenues in FY2010.”

Mortgage News Daily reports that:

“Current fiscal realities raise questions about the efficiency of multiple housing programs and activities across federal agencies with similar goals, products, and delivery systems.”

___
Reference:
GAO report on government sponsored housing programs

GAO: 160 Entities Involved In Housing Assistance (MND)