U.S. SENATE PASSES HOUSING BILL
The Senate passed a two year
extension of federal housing programs, including 15 billion
dlrs for lower income housing assistance over two years. The
vote was 71 to 27.
    Total value of the bill was estimated at 31 billion dlrs.
The bill permanently extended the authorization for Federal
Housing Authority mortgage insurnce.
    The bill also extended the urban development grant program,
the national flood insurance act, the rural housing program as 
well as several other housing programs. The bill now goes to
the House.
 Reuter
