WASHINGTON (AP) -- The federal government will offer a three month moratorium on mortgage foreclosures that are insured by the Federal Housing Authority to residents living in Texas and Louisiana disaster areas.
This is one of several disaster assistance programs the federal department of Housing and Urban Development will offer, according to the administration.
In addition, the federal government plans to give state and local governments federally guaranteed loans to rehabilitate housing, and for public infrastructure repair and economic development.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
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