Congress Gives $200M To First-Time Buyer Program

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The House voted final passage last week of the American Dream Homeowners Bill that will provide $200 million a year to help people buy their first homes. The funds will be used as grants for low- and moderate-income people to help pay downpayments and closing costs on home mortgages. The bill has already been passed by the Senate and is expected to be signed into law by President Bush.

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