New program to help home buyers, renters

October 19, 2009 12:50:40 PM PDT
The Obama administration is unveiling a new program it says will help hundreds of thousands of people looking to buy or rent a home.

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The money would go to help state and local housing agencies that provide affordable home loans for low and moderate income families.

The government said the new effort will also help develop and rehabilitate tens of thousands of affordable rental properties.

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