Ginnie Extends TLI to Disaster Areas

As part of HUD's hurricane relief effort, Ginnie Mae will extend its Targeted Lending Initiative to the areas hardest hit by Hurricane Katrina, HUD Secretary Alphonso Jackson has announced.The TLI is a program that encourages lenders to finance housing in underserved areas. Ginnie Mae, which is part of the Department of Housing and Urban Development, can be found online at http://www.ginniemae.gov.

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