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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