WASHINGTON —The Obama administration yesterday unveiled a long-awaited temporary bond purchase and liquidity program designed to help state and local housing finance agencies that have been forced to curtail or shut down their programs during the financial crisis.

Officials from the Treasury Department, the Department of Housing and Urban Development, and the Federal Housing Finance Agency made the announcement in a conference call with reporters, but refused to quantify the programs, saying only that they will be sized to “meet demand.”

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