ORLANDO, Fla. -- States must work to extend the reach of mortgage revenue bond programs by providing more funding and political support to housing finance agencies, lawmakers attending the National Conference of State Legislatures said last week.

"States absolutely must play a more important role in backing housing agencies, and that role can begin with the use of state dollars to help step down the interest rate available to home owners participating in tax-exempt mortgage bond programs offered by those agencies," said state Rep. Elizabeth Mitchell of Maine. "It only takes a small amount of state dollars to leverage a lot of these loans."

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