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July 30, 1999 | DARYL STRICKLAND and JOHN BALZ, TIMES STAFF WRITERS
The federal government on Thursday unveiled one of the most ambitious programs ever to house moderate- and low-income families, announcing $488 billion in funding that could turn tens of millions of families into new homeowners and renters in the next decade. More than $34 billion will be spent in the five-county Los Angeles area, helping more than 360,000 families in the region, which has seen home prices and rents soar in the last year as the economy continues to create more jobs than housing.
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NEWS
July 30, 1999 | DARYL STRICKLAND and JOHN BALZ, TIMES STAFF WRITERS
The federal government on Thursday unveiled one of the most ambitious programs ever to house moderate- and low-income families, announcing $488 billion in funding that could turn tens of millions of families into new homeowners and renters in the next decade. More than $34 billion will be spent in the five-county Los Angeles area, helping more than 360,000 families in the region, which has seen home prices and rents soar in the last year as the economy continues to create more jobs than housing.
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