WASHINGTON -- The fiscal 1994 federal spending bill for housing, which includes $1.275 billion for the HOME program, was signed into law last week by President Clinton.

The law gives HOME an increase of more than 25% from its 1993 allocation of $1 billion. The 1994 appropriation equals the Senate's original proposal and is slightly higher than the $1.25 billion originally approved by the House.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.