Fannie Mae and Freddie Mac issued proposals Monday to create pilot programs for loans on mobile homes, part of an ambitious plan for underserved and rural housing markets.
President Trump has nominated Pam Patenaude, the president of the J. Ronald Terwilliger Foundation for Housing America's Families, to serve as HUD's No. 2.
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Freddie Mac is bolstering its relationships with housing finance agencies after it fell short of reaching two critical affordable housing goals last year.
Bankers and housing advocates say many low-income housing projects simply won't get built if the White House and Congress move to eliminate two federal block grant programs.
Bankers hope that new tax policy will respect the role of tax-assisted community development programs in encouraging business investment in distressed areas.
