Senate Committee Approves American Dream, FHA Measures

Vadum, Matthew
October 2003
Bond Buyer;10/16/2003, Vol. 346 Issue 31741, p5
Trade Publication
Reports on the approval of legislative measures by the U.S. Senate Banking, Housing, and Urban Affairs Committee addressing the nationwide supply of affordable housing and housing bond issuance. Sponsorship of the American Dream Downpayment Act by Senator Wayne Allard; Creation of a program that will provide federal down-payment and closing assistance for eligible low-income family purchasing a home for the first time by the legislation; Permission of HUD to increase Federal Housing Administration mortgage limits for multifamily buildings.


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