WASHINGTON -- Key members of Congress are urging federal regulators to ease the examination procedures they have set up for gauging the amount of profit developers gain in certain multifamily housing deals, warning that the process could stall construction of low-income housing.

Rep. Henry B. Gonzalez, D-Tex., chairman of the House Banking Committee, told HUD Secretary Jack Kemp in a recent letter the process "is hampering multifamily housing development" and "will have a chilling effect on any proposed HUD-insured multifamily housing."

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