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Bush Proposes $31.5 Budget for HUD

Tuesday, February 5, 2002 - 8:00AM

President Bush yesterday announced a proposed budget for 2003 that provides $31.5 billion for the U.S. Department of Housing and Urban Development (HUD). That sum includes funding for approximately 34,000 additional Section 8 incremental vouchers, $2.1 billion for the HOME program and a proposed $1.7 billion tax credit to support the rehabilitation or new construction of an estimated 100,000 homes for purchase by low-income households.

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