Notice is a historical project of the Committee for a Responsible Federal Budget, which tracked the money spent by the 2009 stimulus bill. This site is not regularly updated.


FHA Bill

August 7, 2009
Policy Area: 
Sector Policy (Non-Financial)
Economic Target: 
Maximum Amount: 
$185.00 billion

The Federal Housing Administration (FHA) became the main source for home loans to borrowers with poor credit after subprime lending markets collapsed. This bill gives new lending authority to FHA’s mortgage insurance programs that play a large role in providing low-interest housing loans, raising the loan ceiling from $315 billion to $400 billion. Additionally, the bill increases the securities guarantee authority for the Government National Mortgage Association (Ginnie Mae) from $300 billion to $400 billion.


Maximum amount based on increases in loan ceiling and securities guarantee. Deficit impact unknown.

Syndicate content
Website Design and Development, Washington DC