WASHINGTON - With authority to issue mortgage revenue bonds suspended for at least several more months, many state and local housing officials say they are worried they will be unable to finance their loan programs after their reserves dry up next spring.

President Bush's veto on Wedneday of the urban aid tax bill that contained an extension for the authority to issue mortgage bonds "will disrupt our planning for a spring bond issue," said Marvin Siflinger, the executive director of the Massachusetts Housing Finance Agency. "We have some money available, but we don't feel it would be anywhere near sufficient to cover the demand we expect in the spring."

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