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The fed. gov¿t. commits substantial resources to support housing and mortgage markets through a combination of spending programs and tax expend. During the crisis of the past two years, the budgetary commitment expanded ¿ to about $300 billion in FY 2009 ¿ from the placement into conservatorship in Sept. 2008 of Fannie Mae and Freddie Mac and the creation of new housing programs. This report describes the array of fed. activities that support housing and the recent expansion of particular programs. This report categorizes 28 fed. housing activities by type of support (homeownership or rental), mechanism (spending or taxation), and budgetary cost in 2009. Charts and tables.
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