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New Senate Plan Aims Major Housing Subsidy For Poor Families
The Senate housing subcommittee moves toward a broad home ownership subsidy in the 1968 housing bill. It would cover interest costs above 1 percent for low income buyers, with families paying 20 percent of income. Officials project 100,000 starts in the next fiscal year, with a total aim of 300,000 subsidized units systemwide.
MENTIONED IN THIS ARTICLE
Washington
Senate Housing Subcommittee
Senate
Credite
Jon Sparkman
D-Ala
Johnson Administration
Congressional
Robert C. Weaver
Weaver
Walter F. Mondale
D-Minn
Sparkman
Alabaman
Congress