Nar Praises Bush Budget for Supporting Homeownership Tax Credit

U.S. Newswire › February 11, 2004

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Summary

However, Realtors(r) are disappointed that the Rural Housing Service budget includes only $60 million for Section 515 rental housing, with no funding for new construction. Realtors(r) also oppose the proposed limitation on the Veterans Administration (VA) Home Loan Guaranty Program that will constrain use of its benefits to one-time only and will cost the VA $91 million over 10 years.

NAR supports the president's budget request for $200 million for the Federal Emergency Management Agency's Flood Map Modernization Program, but Realtors(r) are disappointed that the $121 million requested for the Environmental Protection Agency's Brownfield Cleanup Grant program falls short of the $250 million authorized by Congress.

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Nar Praises Bush Budget for Supporting Homeownership Tax Credit

"NAR is pleased that the Bush administration has inc...

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