Housing and Economic Recovery Act of 2008

E10942

The Housing and Economic Recovery Act of 2008 is a major U.S. federal law enacted in response to the subprime mortgage crisis to stabilize the housing market, reform mortgage finance regulation, and support distressed homeowners and communities.

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AI-generated illustration of Housing and Economic Recovery Act of 2008

This AI-generated illustration was produced by black-forest-labs/FLUX.2-dev (1024x1024) from a prompt written by openai/gpt-oss-120b from the entity's label + description.

Prompt

Generate an image of the Housing and Economic Recovery Act of 2008 (The Housing and Economic Recovery Act of 2008 is a major U.S. federal law enacted in response to the subprime mortgage crisis to stabilize the housing market, reform mortgage finance regulation, and support distressed homeowners and communities.)

All labels observed (3)

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf United States federal statute ⓘ
housing legislation ⓘ
abbreviation FHFA ⓘ
administeredBy Federal Housing Administration ⓘ
amends Federal Housing Enterprises Financial Safety and Soundness Act of 1992 ⓘ
National Housing Act ⓘ
United States Housing Act of 1937 ⓘ
authorizes Treasury Department support for Fannie Mae and Freddie Mac ⓘ
authorizesFunding Neighborhood Stabilization Program grants ⓘ
containsTitle Neighborhood Stabilization Program ⓘ
country United States ⓘ
creates Federal Housing Finance Agency ⓘ
dateSigned 2008-07-30 ⓘ
enactedBy 110th United States Congress ⓘ
establishesProgram HOPE for Homeowners program ⓘ
fundingPurpose assist state and local governments in purchasing and redeveloping foreclosed properties ⓘ
includesProvision FHA modernization measures ⓘ
affordable housing trust fund for low-income housing ⓘ
authority for Treasury to purchase GSE obligations ⓘ
new regulatory powers for FHFA ⓘ
strengthened oversight of Fannie Mae and Freddie Mac ⓘ
legislativeChamber United States House of Representatives ⓘ
United States Senate ⓘ
policyArea financial regulation ⓘ
housing policy ⓘ
politicalContext George W. Bush administration ⓘ
linked to: George W. Bush
primaryPurpose address the subprime mortgage crisis ⓘ
reform regulation of housing government-sponsored enterprises ⓘ
stabilize the U.S. housing market ⓘ
support distressed communities ⓘ
support distressed homeowners ⓘ
programPurpose refinance distressed subprime mortgages into FHA-insured loans ⓘ
publicLawNumber Public Law 110-289 ⓘ
regulates Fannie Mae ⓘ
Federal Home Loan Banks ⓘ
Freddie Mac ⓘ
replacesAgency Federal Housing Finance Board ⓘ
Office of Federal Housing Enterprise Oversight ⓘ
respondsTo late-2000s financial crisis ⓘ
subprime mortgage crisis ⓘ
shortName HERA ⓘ
signedBy George W. Bush ⓘ
subjectMatter community development ⓘ
foreclosure prevention ⓘ
housing market stabilization ⓘ
mortgage finance regulation ⓘ
title Housing and Economic Recovery Act of 2008 ⓘ
yearEnacted 2008 ⓘ

How these facts were elicited

Referenced by (20)

Full triples — surface form annotated when it differs from this entity's canonical label.

Capital Magnet Fund → legalAuthority → Housing and Economic Recovery Act of 2008 ⓘ
Housing and Economic Recovery Act of 2008 → title → Housing and Economic Recovery Act of 2008 ⓘ
Federal Housing Finance Agency → formedBy → Housing and Economic Recovery Act of 2008 ⓘ
Federal Housing Finance Agency → legalBasis → Housing and Economic Recovery Act of 2008 ⓘ
Low-Income Housing Tax Credit → relatedLegislation → Housing and Economic Recovery Act of 2008 ⓘ
HOPE for Homeowners program → legalBasis → Housing and Economic Recovery Act of 2008 ⓘ
HERA → fullName → Housing and Economic Recovery Act of 2008 ⓘ
HERA → title → Housing and Economic Recovery Act ⓘ
linked to: Housing and Economic Recovery Act of 2008
Public Law 110-289 → hasTitle → Housing and Economic Recovery Act of 2008 ⓘ
Public Law 110-289 → hasShortTitle → Housing and Economic Recovery Act of 2008 ⓘ
Federal Housing Finance Board → reorganizedBy → Housing and Economic Recovery Act of 2008 ⓘ
Secure and Fair Enforcement for Mortgage Licensing Act → enactedAsPartOf → Housing and Economic Recovery Act of 2008 ⓘ
Secure and Fair Enforcement for Mortgage Licensing Act → titleNumber → Title V of the Housing and Economic Recovery Act of 2008 ⓘ
linked to: Housing and Economic Recovery Act of 2008
Federal Home Loan Bank Act → amendedBy → Housing and Economic Recovery Act of 2008 ⓘ
Neighborhood Stabilization Program → legalBasis → Housing and Economic Recovery Act of 2008 ⓘ
subject linked to: NSP
Neighborhood Stabilization Program → createdBy → Housing and Economic Recovery Act of 2008 ⓘ
subject linked to: NSP
110-289 → hasTitle → Housing and Economic Recovery Act of 2008 ⓘ
SAFE Act → partOf → Housing and Economic Recovery Act of 2008 ⓘ
SAFE Act → titleWithinAct → Title V of the Housing and Economic Recovery Act of 2008 ⓘ
linked to: Housing and Economic Recovery Act of 2008
Emergency Economic Stabilization Act of 2008 → relatedTo → Housing and Economic Recovery Act of 2008 ⓘ
subject linked to: EESA