[20070105]RS22336_GSE改革：新的经济适用住房基金.pdf

Order Code RS22336Updated January 5, 2007GSE Reform: A New Affordable Housing FundN. Eric WeissAnalyst in Financial InstitutionsGovernment and Finance DivisionSummaryOne key feature of the government-sponsored enterprise (GSE) reform bill that theHouse passed in the 109th Congress (H.R. 1461) was the requirement that Fannie Maeand Freddie Mac give part of their profits to create new affordable housing funds. Basedon the GSEs average profits from 2000 to 2003, the amount would have been about$390 million annually during the first two years and $580 million in subsequent years.The requirement would have expired after five years. The chairmen of the House Financial Services Committee and the Senate BankingCommittee have said that GSE reform, including an affordable housing fund, will be apriority in the 110th Congress.The affordable housing fund would have helped lower-income homeowners andrenters and given priority to the victims of natural disasters such as Hurricanes Katrinaand Rita. Funds from Fannie Mae and Freddie Mac would have gone to affordablehousing organizations, which would have then worked directly with the beneficiaries.Nonprofits would have faced controversial restrict