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California plan to cover mortgage increases for freeway displacees
The Reagan Administration proposed federal subsidies to aid homeowners displaced by freeways. Deputy California Public Works chief Emerson Rhyner outlined a plan to offset mortgage rate rises, remaining loan terms, and unpaid balances, arguing high rates burden displaced owners. The House Public Works Committee heard related bills, with a Senate version by Senator Muskie and a potential $250 million cost, aiming for a joint federal relocation assistance framework.
MENTIONED IN THIS ARTICLE
Washington
House
Emerson Rhyner
California Public Works Department
California
Rhyner
House Public Works Committee
Senate-House