Housing Finance
- Report
Final Report on the Troubled Asset Relief Program
In September 2023, the last remaining investment made by the Treasury through the Troubled Asset Relief Program was repaid, thereby ending the program. CBO estimates that the government’s total subsidy cost was $31 billion.
- Report
The Role of Federal Home Loan Banks in the Financial System
CBO describes the role of Federal Home Loan Banks (a government-sponsored enterprise) in financial markets, their financial condition, the value of the federal subsidies they receive, and the risks they pose.
- Report
Flood Damage and Federally Backed Mortgages in a Changing Climate
CBO estimates the flood damage homes with federally backed mortgages are expected to face in multiyear periods centered on 2020 and 2050, reflecting the effects of climate change. The agency also analyzes where that damage is concentrated.
- Presentation
Contingent Financial Liabilities of the Federal Government
Presentation by Sebastien Gay, CBO’s Director of Financial Analysis, to the MIT Golub Center for Finance and Policy’s 10th annual conference.
- Report
Estimates of the Cost of Federal Credit Programs in 2024
CBO estimates the costs of federal credit programs in 2024 in two ways—following procedures prescribed by the Federal Credit Reform Act and using a fair-value approach, which measures the market value of the government’s obligations.
- Report
Report on the Troubled Asset Relief Program–April 2023
Lawmakers created the Troubled Asset Relief Program (TARP) in 2008 to stabilize financial markets. The TARP’s net cost will be $31 billion, CBO estimates—about the same as what the agency last reported in May 2022 and similar to OMB’s latest estimate.
- Report
Financial Commitments of Federal Credit and Insurance Programs, 2012 to 2021
CBO describes the commitments the federal government has made through its credit and insurance programs, including housing, real estate, and student loan programs, deposit insurance, insurance for private pensions, and flood and crop insurance.
- Report
Options for Reducing the Deficit, 2023 to 2032--Volume II: Smaller Reductions
CBO issues a volume that contains short descriptions of 59 policy options that would each reduce the federal budget deficit by less than $300 billion over the next 10 years.
- Report
How the Housing Trust Fund and Capital Magnet Fund Support Affordable Housing
CBO describes the Housing Trust Fund's and Capital Magnet Fund's income, spending, and budgetary impact, how their grants are used in the production of low-income housing, and how the funds compare with other support for affordable housing.
- Cost Estimate
CBO’s Estimate of the Statutory Pay-As-You-Go Effects of H.R. 7939, the Student Veteran Emergency Relief Act of 2022
As Posted to the Website of the Clerk of the House on September 9, 2022