Reserve Fund Announced That Could Spur $100 Million in Home Renovations in New Orleans
October 23, 2007 Posted by Louisiana RealEstateRama
Freddie Mac, City of New Orleans, LHFA Invest $4.5 Million
NEW ORLEANS, Oct. 22 /PRNewswire-FirstCall/ — Freddie Mac (NYSE: FRE), in collaboration with the Louisiana Housing Finance Agency (LHFA) and the City of New Orleans, is establishing a $4.5 million home renovation reserve fund to help remove obstacles to renovating hurricane-damaged homes.