Obama Economic Plan--$20 Billion for Housing, All Home Ownership.

Prior to the upcoming caucuses in Nevada, Senator Obama has announced his version of an economic stimulus plan with a PDF fact sheet HERE.

On the housing front, his economic stimulus plan would

• Provide $10 Billion for a foreclosure prevention plan with money going to Fannie , Freddie, and FHA for pre-foreclosure counseling and to allow families to "responsibly refinance" their current loans.
  
• Provide $10 Billion to the "Hardest Hit' states and local governments (Oregon would currently be unlikely to be identified as one of the states "hardest hit" by foreclosures)