City officials sued, and the Federal Government eventually agreed to finance new housing for the homeless.

The town plans to use the money to finance affordable housing elsewhere.

The bank will also make $10 million available, interest-free, to be used over a two-year period to finance low-income housing in California.

There is a cap, however, on profits of 10 to 15 percent for any state or federally financed housing, he said.

That also means financing public housing at a level that meets the national need.

These funds - upwards of $100 million annually - should be used by the agencies to finance and preserve affordable housing.

Later it turned to commercial projects and conventionally financed housing.

Does the United States need a specialized industry to finance housing when it now has an efficient mortgage market?

While loans could finance housing, most, presumably, would go to businesses.

The company also agreed to pay the township $3,000 per single-family home to finance low-cost housing.