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California mulls urban homesteading for dilapidated city homes
Sacramento officials say California may giveaway run down houses to low income families who fix them up. The plan targets Los Angeles Oakland and other cities funded by housing bonds and backed by a federal guarantee and moral obligation bonds. Public housing finance could begin with 450 million in bonds followed by a 500 million June 1976 ballot measure.
MENTIONED IN THIS ARTICLE
Sacramento
UPI
Brown
California
Donald Burns
Business and Transportation
Edmund G. Brown Jr
Burns
Los Angeles
Oakland
Housing Finance Agency
New Housing Finance Agency