A New York City-area affordable housing initiative launched last year by Countrywide, Fannie Mae and the AFL-CIO Housing Investment Trust has tallied its origination volume.The "Hit Home" initiative has provided $815 million in home mortgages to 1,031 local families the five boroughs. The three partners in the initiative released the results in conjunction with a press conference hosted by Brooklyn borough president Marty Markowitz on June 4 that was marked by the beginning of homeownership month. Local authorities had organized the event in cooperation with participating banks.
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