The "Renewing the Dream" program signed into law by President George W Bush in 2002 was designed to

The "Renewing the Dream" program signed into law by President George W Bush in 2002 was designed to
A . Recapitalise Fannie Mae and Freddie Mac with US$2.4 billion of additional capital to ensure they weathered the risks associated with any future downturn in the housing markets
B . Provide grants of US$800 million to help home buyers with down-payment and closing costs
C . Allow risky, high-cost loans to be credited towards affordable housing goals
D . Provide tax credits of nearly US$2.4 billion over the next 5 years to investors and builders who developed affordable single-family housing in poor and distressed areas

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Answer: D