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Bush to Sign American Dream Downpayment Act

Tuesday, December 16, 2003 - 1:45AM

President George W. Bush will sign the American Dream Downpayment Act (S. 811) into law at 1:30 p.m. EST today at the Department of Housing and Urban Development (HUD) in Washington. HUD’s Acting Secretary Alphonso Jackson and former HUD Secretary Mel Martinez will join President Bush. This law will help an estimated 40,000 low-income families to become homeowners by assisting them with the upfront costs necessary to buy a home. A webcast of the event is available on HUD’s web site.

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