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The GSE Public-Private Hybrid Model Flunks Again: This Time It’s the Federal Home Loan Bank System (Part 2)

The Stoop (NYU Furman Center)

It did so, for example, in 2004 to cover the budget year 2003, when its estimate was $3.2 billion for fiscal 2024. 26] The just-released CBO report lists the fiscal 2024 affordable housing program spending at $350 million with the gross subsidy at $7.3 19 That was a very significant amount 20 years ago. See [link]. [25]

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