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Credit Crunch Stalls Affordable Housing

Posted at San Diego Real Estate Market News by William Johnston

September 30th, 2009 10:58 am

Tagged with: buyers, federal, lending, lowincome, realestate, realtor, standards

The tougher lending standards being imposed on new loans by The Federal Housing Administration is negating the federal Low Income Housing Tax Credit program. Qualifying for a loan has become almost impossible for the low income buyer.

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