During its second year of existence. the local Partnership Office assisted more than 18.000 families. of which more than 81% were minority borrowers. in obtaining affordable housing through the Fannie Mae Community Home Buyers Program. Two community development financial institutions can do more community lending because of the $200.000.00 in deposits made by Fannie Mae. There have been four underwriting experiments that have addressed the critical financing needs of first time home buyers. new immigrants and rehab housing in this community. Our counseling agencies are better able to aid new home buyers because of the 45 new software packages provided to nonprofits. training sessions held and housing collaboratives established. I joined the Partnership Office in hosting two housing fairs that provided over 13.000 residents with information on how to buy a home.
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immigrants