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May 05, 2008

Congressional Committee Paves way for Comprehensive Homeowner Assistance Package

The House Financial Services Committee on Thursday approved H.R. 5830, the FHA Housing Stabilization and Homeowner Retention Act. The bill, a top legislative priority for NLC,  is the final piece of the House plan to stabilize the housing market and reign in the skyrocketing foreclosure rate. Passage paves the way for a comprehensive package of housing legislation to come together on the House floor in the coming weeks.  Read more on the National League of Cities' website here.

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