Four Kerry Provisions Included in Housing Bill Head to President for Signature

Press Release

Four Kerry Provisions Included in Housing Bill Head to President for Signature

Provisions will help thousands of Massachusetts homeowners survive declining housing market

Senator John Kerry announced that the Housing and Economic Recovery Act passed the Senate earlier today and is now headed the President's desk for his signature. The bill contains four key provisions, introduced by Kerry, which will help thousands of Massachusetts homeowners survive the nation's unstable housing market.

"This housing bill will help put our volatile housing market on the road to recovery. Foreclosures are devastating thousands of families across Massachusetts each and every day, and this housing package will throw them a lifeline. It will help to reduce the number of foreclosures, increase access to safe and fair mortgage credit for all homebuyers and help create much-needed jobs. I'm pleased that millions of hard-working Americans will finally get the help they need to get back on their feet," said Senator Kerry.

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