ADVISORY/South Dakota Housing Development Authority and Fannie Mae Announce Multi-Million Dollar Commitment to Increase Homeownership in South Dakota.--(BUSINESS WIRE)-- -0-
WHO: Tentative: The Honorable Tim Johnson (D-SD)
U.S. Senate
Tentative: The Honorable John Thune (R-SD)
U.S. House of Representatives
Representatives from the South Dakota Housing Development
Authority, Fannie Mae, and Security Mortgage, as well as a
New Sioux Falls Homeowner
WHAT: News conference hosted by the South Dakota Housing
Development Authority (SDHDA) and Fannie Mae
(NYSE:FNM), the nation's largest source of home
mortgage funds, to announce new multi-million dollar
fund for low down payment, low interest rate
mortgages. The announcement is part of the SDHDA's
commitment to increase affordable housing
opportunities across the state.
WHEN: Thursday, Oct. 15, 1998
2:00 p.m.
WHERE: Homeowner's Residence
733 S. Glendale Avenue
Sioux Falls, SD
-0- Directions to Site -- From downtown Downtown (called a "city centre" in British English) is a term used in North America when referring to a city's core, usually both in a geographical and commercial / community sense. : Go West on 11th Street (turns into 12th). Take curve around until road turns into two-way street. Follow 12th to Glendale Glendale. 1 City (1990 pop. 148,134), Maricopa co., S central Ariz., adjacent to Phoenix; inc. 1910. It is located in a rich agricultural region irrigated by the Salt River project. Glendale has become one of the fastest-growing U.S. . Stay in far left lane. Go past West Avenue (Get n' Go on corner). Proceed on 12th one more block to Glendale Avenue. Take left on Glendale. Go approx. 3 blocks to 733 S. Glendale Avenue. Fannie Mae Fannie Mae: see Federal National Mortgage Association. is a congressionally chartered, shareholder-owned company and the nation's largest source of funds for home mortgages. It has committed to provide $1 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. in targeted lending for 10 million homes by the end of the decade. The targeted lending will serve low- and moderate-income mod·er·ate-in·come adj. Of or relating to people or households supported by an average or slightly below average income: moderate-income housing. families, minorities, new immigrants, residents of central cities and other underserved areas, and people who have special housing needs. Over the past 30 years, Fannie Mae has provided $2.5 trillion in mortgage financing for 32 million families. More information about Fannie Mae can be found on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the at http://www.fanniemae.com. |
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