Adding Foreclosure Prevention to Economic Stimulus
April 16th, 2009
US Senator Mel Martinez (R-FL) today spoke during Senate debate on the Economic Stimulus plan to argue housing assistance, specifically in the area of foreclosure prevention, should be part of the overall package. Senator Martinez introduced an amendment to provide private mortgage companies incentives to help troubled homeowners rework their loans. The senator also supports adding tax breaks for would-be homebuyers to spark a reduction in housing inventory.
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