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9A Page 15 Interested cities can enroll in the TRANs program online at www.cscdadocs.com. Legal documents and worksheets will be available to cities through the online document management system after enrollment. Some of the advantages of issuing TRANs through the California Communities Program include: . Streamlined Issuance Process: California Communities TRANs issuers estimate that the staff time requirement is less than half of the time required for a stand~alone issuance; . Cost Savings: California Communities has pre-negotiated fees at significant cost savings for borrowers; . Experienced Team: The California Communities financing team includes a highly skilled group of professionals with many years of experience structuring California cash flow transactions. This is the program's 17th year. In 2008 the program provided $854 million in cash flow financing to 29 local governments; . Market Access: The significant transaction size of the California Communities TRANs program increases market access; and . Investor Relations: Each year, the Callfomia Communities team schedules individual meetings with key institutional investors and holds investor conference calls for the TRANs Program. Additional Information For more information about the 2009 TRANs Program visit the Califomia Communities Web site at www.cacommunities.ora or contact Dan Harrison of the League staff at d harrison(Q)cacities. ora. Administration Launches New Consumer Web site for Responsible Homeowners Seeking Relief The U.S. Department of the Treasury (Treasury) and the Department of Housing and Urban Development (HUD) launched a new Web site, www.MakinaHomeAffordable.Qov, for homeowners seeking information about the Making Home Affordable loan modification and refinancing program introduced in February by the President. The Administration is accelerating efforts to communicate directly with borrowers about the Making Home Affordable program. Features of the Web site include: . Extensive information about the Administration's Making Home Affordable plan; . Self assessment toofs to allow borrowers to determine if they are eligible for the program; . A calculator feature that allows homeowners to estimate the reduction to their monthly mortgage payment; . Resources to find free, HUD-approved counseling services for borrowers who have additional questions; and . A handy checklist to ensure homeowners collect all the documents they need before calling their servicers Since March 4, when the guidelines allowing modifications to eligible mortgages were released, representatives from the Treasury, HUD and other members of a broad interagency task force have conducted detailed briefings and training sessions for more than 2,500 mortgage loan servlcers and investors, nonprofit housing counselors and nationwide borrower advocacy groups who have agreed to participate in the program. The program, aimed at preventing the destructive impact of the housing crisis on families and communities, will offer assistance to 7 to 9 million homeowners making a good-faith effort to make their mortgage payments. 8