On average, it takes 20 months after a disaster before the US Department of Housing and Urban Development’s housing assistance programs begin distributing money to victims. Under a new program, private lenders will begin filling the gap. The program will distribute money for disaster repairs through loans from Enterprise and Morgan Stanley, and taxpayers will repay the loans with interest. It’s received mixed responses.
Private Lenders Are Playing A Larger Role In Disaster Relief
Published by Oklahoma Coalition for Affordable Housing
The vision of OCAH: That all Oklahomans have the opportunity to live in safe, healthy and affordable homes. Our Mission: To lead the movement to ensure that all residents of the state of Oklahoma flourish in safe, affordable homes and to help communities develop safe and affordable housing options for all of their residents. We reach our mission through advocacy, education and practical training to foster the production and maintenance of affordable housing throughout the state. View all posts by Oklahoma Coalition for Affordable Housing
Oklahoma Coalition for Affordable Housing 