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NLHIC Reports that New Spending on Affordable Housing Could Boost Economy

Friday, November 2, 2001 - 8:00AM

The National Low Income Housing Coalition (NLIHC) this week reported that an informal survey of housing agencies suggests that new federal spending on affordable housing could provide a boost to the economy. A group of Democratic senators is proposing the inclusion of $4.1 billion for housing in the economic stimulus package currently being considered in Congress, but opponents of the proposal argue that housing money could not be spent fast enough to affect the current economic downturn.

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