S&L; League Targets Affordable Housing: The U.S....

S&L; League Targets Affordable Housing: The U.S. League of Savings Institutions, the savings and loan industry’s largest trade group, announced the formation of a foundation designed to get thrift institutions more involved in housing loans to people of modest means. The Housing Opportunities Foundation, established with $500,000 as an affiliate of the league, will provide “how-to” information to savings institutions and track trends related to home ownership. But its main focus will be advising the 12 regional Federal Home Loan Banks on how to administer an affordable housing program established by legislation enacted in August.