The Government National Mortgage Association (GNMA), commonly known as Ginnie Mae, is a government organization that facilitates housing finance by guaranteeing mortgage-backed securities and supporting low-income housing through loan write-downs.
A housing bond is a short- or long-term bond issued by a local housing authority to finance short-term construction of low- or middle-income housing or long-term commitments for housing, plants, pollution control facilities, or similar projects.
Public housing refers to government-owned housing units that are made available to low-income individuals and families for nominal rental rates. It aims to ensure affordable and adequate housing for those who might not be able to afford it otherwise.
