{"id":6619,"date":"2014-06-30T12:13:04","date_gmt":"2014-06-30T12:13:04","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=6619"},"modified":"2014-06-30T12:13:04","modified_gmt":"2014-06-30T12:13:04","slug":"governments-flagship-foreclosure-program-extended-2016","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/governments-flagship-foreclosure-program-extended-2016\/","title":{"rendered":"Government\u2019s Flagship Foreclosure Program Extended to 2016"},"content":{"rendered":"

Government\u2019s Flagship Foreclosure Program Extended to 2016<\/h2>\n

 <\/p>\n

\"Government\u2019s<\/a>

Government\u2019s Flagship Foreclosure Program Extended to 2016. Image courtesy of Stuart Miles\/ FreeDigitalPhotos.net<\/p><\/div>\n

The Obama administration announced Thursday that it will extend its Making Home Affordable Program to help home owners avoid foreclosure, as well as use Treasury funds to ramp up construction of affordable rental housing.<\/p>\n

The Making Home Affordable Program will now be extended through December 2016. More than 1.3 million home owners have already used program to modify their mortgages.<\/p>\n

“We need to continue to be there for home owners who are facing foreclosure, those who are struggling with increasing interest rates on their modified mortgages, and those whose homes are caught underwater,” said Treasury Secretary Jacob Lew. The average home owners have reduced their monthly payments under the program has been about $540 a month, according to the administration.<\/p>\n

High demand in rental housing lately has caused rental costs to skyrocket. Lew said the administration also will allocate funds from the Treasury Department\u2019s Federal Financing Bank to help housing agencies fund the construction of more affordable rental housing nationwide. The Federal Financing Bank could provide $500 million to $1 billion in annual funding for rental housing projects.<\/p>\n

Source: \u201cObama Administration Expands Affordable Housing Plan<\/a>,\u201d Reuters (June 26, 2014)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Government\u2019s Flagship Foreclosure Program Extended to 2016   The Obama administration announced Thursday that it will extend its Making Home Affordable Program to help home owners avoid foreclosure, as well as use Treasury funds to ramp up construction of affordable rental housing. The Making Home Affordable Program will now be extended through December 2016. More … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-6619","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nGovernment\u2019s Flagship Foreclosure Program Extended to 2016 - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/governments-flagship-foreclosure-program-extended-2016\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/governments-flagship-foreclosure-program-extended-2016\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/governments-flagship-foreclosure-program-extended-2016\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Government\u2019s Flagship Foreclosure Program Extended to 2016\",\"datePublished\":\"2014-06-30T12:13:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/governments-flagship-foreclosure-program-extended-2016\\\/\"},\"wordCount\":219,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/governments-flagship-foreclosure-program-extended-2016\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/06\\\/ID-100266657.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/governments-flagship-foreclosure-program-extended-2016\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/governments-flagship-foreclosure-program-extended-2016\\\/\",\"name\":\"Government\u2019s Flagship Foreclosure Program Extended to 2016 - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/governments-flagship-foreclosure-program-extended-2016\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/governments-flagship-foreclosure-program-extended-2016\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/06\\\/ID-100266657.jpg\",\"datePublished\":\"2014-06-30T12:13:04+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/governments-flagship-foreclosure-program-extended-2016\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/governments-flagship-foreclosure-program-extended-2016\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/governments-flagship-foreclosure-program-extended-2016\\\/#primaryimage\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/06\\\/ID-100266657.jpg\",\"contentUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/06\\\/ID-100266657.jpg\",\"width\":400,\"height\":400,\"caption\":\"Government\u2019s Flagship Foreclosure Program Extended to 2016. 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