Due to the instability of the housing market and also the extreme losses suffered by the major financial institutions the government is now passing new legislation to help those in need of government grants due to foreclosures on their properties. 

With this new legislation the government has set aside new conditions for government grants to help refinance, re-mortgage or resell their current properties. 

With the current bank crunch government grants are also being set aside to help existing businesses that have fallen upon on hard times due to the severe losses suffered by the major banks.