Today President Bush signed into law the Housing and Economic Recovery Act of 2008 (HR 3221). The measure provides housing organizations with a number of new tools to help slow home foreclosures and finance affordable houses and apartments.
The new legislation is a major step forward for Vermonters and the nation, according to our Executive Director Sarah Carpenter, but the work isn't finished yet.
"The provisions to help homeowners in trouble and to stabilize Fannie Mae and Freddie Mac got a lot of attention recently," Sarah said, "but the benefits of this legislation reach much farther.