However, applicants were required to meet specific criteria — including qualifications related to annual income and cash savings —  that made the program restrictive. Only two of Zlatkin’s clients qualified for it in the entire time that program was running, she said.

It sounds like very few people qualified, because it was poorly designed.

Anything that gets money out of the housing market is a good thing, so I’m not sad to see it go. The feds (and other levels of government) should be spending more on building affordable housing, rather than pumping money into the bubble.