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Frank Proposes $10 Billion for Affordable Rental Housing

U.S. Representative Barney Frank is seeking $10 billion for the development of affordable rental housing across the nation. According to an article in The Boston Globe, Frank is proposing that the U.S. Treasury buy $5 billion in low-income housing tax credits, a primary funding source for affordable housing, and also provide another $5 billion to states for stalled projects.

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