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Mayor Edwin M. Lee today issued the following statement regarding an additional $50 million in bonding capacity, allowing the proposed Affordable Housing Bond for the November 2015 ballot to reach $300 million without raising property taxes

Washington, DC - January 12, 2012 - (RealEstateRama) -- Representatives Mike Thompson (CA-1), Zoe Lofgren (CA-16) and Anna Eshoo (CA-14) led a group of 25 California Members of Congress in calling on President Barack Obama to address the housing crisis and appoint a Director of the Federal Housing Finance Agency (FHFA). The FHFA, which oversees mortgage backers Fannie Mae and Freddie Mac, has been without a permanent director for two and a half years.

April 14, 2009 - (RealEstateRama) — Representative Maxine Waters (D-CA) hosted a field hearing of the House Financial Services Subcommittee on Housing and Community Opportunity in Los Angeles on March 28. The hearing, “The Housing Crisis in Los Angeles and Responses to Preventing Foreclosures and Foreclosure Rescue Fraud,” brought together panelists to share testimonies on their experiences with foreclosure issues in Los Angeles area.

American Recovery and Reinvestment Act Providing over $9 Million for Senior Nutrition Programs and $145 Million for the Neighborhood Stabilization Program WASHINGTON, D.C. - March 23, 2009 - (RealEstateRama) — Congresswoman Lois Capps today announced that California will receive additional economy recovery funds, including $9,827,504 for senior nutrition programs and $145,000,000 for the Neighborhood Stabilization Program (NPS).