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 Housing Programs

Housing Programs

Treasury has established several programs under the TARP to stabilize the housing system, provide targeted aid to families in states hit hard by the economic downturn, and prevent avoidable foreclosures.

Hardest Hit Fund

President Obama established the Hardest Hit Fund in February 2010 to provide targeted aid to families in states hit hard by the economic and housing market downturn. States received funds either because they are struggling with unemployment rates at or above the national average or steep home price declines greater than 20 percent since the housing market downturn.

Making Home Affordable

The Making Home Affordable Program was launched in February 2009 as part of the Administration’s broader plan to stabilize the housing market and provide relief to struggling homeowners. Since its launch, Making Home Affordable has been expanded to provide more options for struggling homeowners, including programs for homeowners who are unemployed, “underwater” (owe more on their home than it is currently worth), or struggling with a second lien. Making Home Affordable also includes the Home Affordable Foreclosure Alternatives Program (HAFA) which has greatly streamlined the process for homeowners seeking a short sale or deed-in-lieu of foreclosure.


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Last Updated: 2/2/2011 10:36 AM

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A critical piece of the Administration's efforts to stabilize the housing market and provide relief to homeowners. Visit Making Home Affordable.

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