In order to help the homebuyers and renters, the Obama administration has come up with a new program. The new program will mainly help the middle and low income borrowers to rent a property or buy a home. It'll also support the low mortgage rates. This new program is based upon a law passed by the Congress in 2008 which aims at sustaining the housing market. Thus, it's expected that this program would strengthen the housing industry and help a number of people to get affordable mortgages.