From the National Office in
Single Family Housing Guaranteed Loan Program
April 27, 2010
Notice of Funding
This message is to notify you of the unobligated balances
of fiscal year 2010 program funding for the Single Family Housing Guaranteed
Loan Program.
As of April 27, 2010:
Purchase:
$1,046,482,690.77
Refinance:
$84,377,998.61
Total:
$1,130,860,689.38
We anticipate funding will likely be exhausted by May 7,
2010. The Administration is aware of our
funding shortfall. Currently two Bills
have been introduced in an effort to secure additional funding, H.R. 5003 and
H.R. 5017. The status of this proposed
legislation is available to the public online at: http://thomas.loc.gov/home/bills_res.html.
Depending upon Congressional activity with the proposed
legislation it is possible that the Agency may consider issuing Conditional
Commitments.
Thank you for your continued support of the Guaranteed
Loan Program. Should you have any
questions, you may contact the Single Family Housing Guaranteed Loan Division
at (202)720-1452.
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