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House Debates Emergency Housing Act Subsidies
The House completed initial debate on an emergency housing bill that would allocate 1.3 billion dollars to subsidize mortgage interest rates. If enacted by mid April and signed by President Ford, subsidies could be available within weeks, aiding buyers earning up to 120 percent of area median income and purchasing homes up to 38 thousand dollars.
MENTIONED IN THIS ARTICLE
Ashington
House Banking Committee
Henry S. Reuss
House
Congress
Reuss
Ford