Freddie Mac Offers Rebuilding Assistance In New Orleans

Freddie Mac has partnered with the Louisiana Housing Finance Agency (LHFA), the City of New Orleans and three lenders to provide a new fund intended to help low- and middle-income residents in the Broadmoor neighborhood of New Orleans rebuild their hurricane-damaged homes. The fund could help spur up to $100 million in home rehabs, Freddie Mac says.

Representatives from Chase, Countrywide, Standard Mortgage and Enterprise Community Partners joined Freddie Mac and LHFA at a recent ceremony that officially launched the rebuilding fund.

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