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Housing Bill
The Housing Bill (H.R. 3221 or Foreclosure prevention act of 2008) is a bill sponsored by congresswoman Nancy Pelosi which the latest lawmaker response to the recent US housing crisis.

Original draft of the bill included the creation of a 300 billions fund to help struggling home owner to refinance their home through the Federal Housing Administration (FHA) but the recent trouble encountered by mortgage giants Fanny Mea and Freddy Mac put strong incencitive for congress to move to bill forward and add provision to the bill to help provide liquidity for the two GSE.

Other provision of the bill include tax break for home builder to help prop-up home sales.