GSE Conservatorship :
Announcements
Statement of Treasury Secretary Henry M. Paulson, Jr. on Treasury and Federal Housing Finance Agency Action to Protect Financial Markets and Taxpayers (September 7, 2008)
Statement of FHFA Director James B. Lockhart (September 7, 2008)
Federal Housing Finance Agency Statement of Support for Multifamily Housing Finance Activities of the Enterprises While in Conservatorship (September 12, 2008)
Fact Sheets
Fact Sheet: Q&A on Conservatorship (September 7, 2008)
Fact Sheet: Government Sponsored Enterprise Credit Facility (September 7, 2008)
Fact Sheet: GSE Mortgage Backed Securities Purchase Program (September 7, 2008)
Fact Sheet: Treasury Senior Preferred Stock Purchase Agreement (September 7, 2008)
Related Information
Notice of Establishment of a New Independent Agency: Federal Housing Finance Agency (September 9, 2008)
H.R. 3221, The Housing and Economic Recovery Act of 2008
Public Law No: 110-289
Biography of Herbert M. Allison
Industry Response
NHC Forms Fannie, Freddie Task Force to Ensure Affordable Housing Supply (September 15, 2008)
Statement by President George W. Bush (September 7, 2008)
Rep. Frank Statement on Treasury Action Regarding Fannie Mae and Freddie Mac (September 6, 2008)
Sen. Dodd Statement on Plan for Government Sponsored Enterprises (September 6, 2008)
HUD Secretary Steve Preston Statement on Government Sponsored Enterprises (September 7, 2008)
Mortagage Bankers Association’s Courson Responds to Treasury/FHFA Actions on GSEs (September 7, 2008)
MBA Q&A on GSE Conservator Powers under the Housing and Economic Recovery Act
National Multi Housing Council Statement on Fannie Mae, Freddie Mac Takeover (September 8, 2008)
National Association of Home Builders Responds to Government Action on Fannie Mae, Freddie Mac (September 8, 2008)
Resources
Podcast: Novogradac Report on Tax Credits
Tune in to hear Michael J. Novogradac, CPA, follow this development and what it means for the affordable housing community in his weekly podcast. The topics for each week are named in the title of that week's podcast and listed on the Tax Credit Tuesday Podcast home page.
Upcoming Events
The effect of this action on the LIHTC and tax-exempt bond markets, as well as related affordable housing programs, will be discussed by industry leaders at the following upcoming conferences.
Multi-Credit Conference: Helping Communities Grow and Projects Thrive
October 2-3, 2008 - St. Louis, Mo.Tax Credit Housing Finance Conference
December 4-5, 2008 - Las Vegas, Nev.