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On Aug. 6, President Obama described his housing finance reform goals and principles in a speech in Phoenix, Ariz. In the speech, as well as in a fact sheet the White House released the same day, the president also called on Congress to take additional steps to help homeowners and communities hit hard by the housing crisis. Obama also expressed support for policies designed to preserve and build new affordable rental housing, including the Low Income Housing Tax Credit (LIHTC).
