House Financial Services Panel Approves Two Affordable-Housing Measures

Vadum, Matthew
May 2003
Bond Buyer;5/23/2003, Vol. 344 Issue 31642, p4
Trade Publication
The U.S. House Financial Services Committee approved two bills in the week that ended on May 23, 2003 that could have an impact on the municipal bond market. One of the bills would authorize down-payment assistance for home-buyers, while the other would continue a program that the administration considers to be a financial expenditure. Katherine Harris of Florida and Artur Davis of Alabama's bills would create the proposed American Dream Down-payment program. The program would operate as part of the U.S. Department of Housing and Urban Development's HOME Investment Partnerships Program, which attempts to expand the supply of affordable housing for low-and very low-income families by providing grants to states and local governments. The committee approved both housing bills by voice vote on May 21, 2003 two weeks after the committee's housing panel approved the bills.


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