Word: homeownership
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Dates: during 1990-1999
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...budget restricted tax breaks on mortgage interest paid by higher- salaried home buyers. Thatcher had opposed any measures that would discourage homeownership. It stepped up an already scheduled increase in the benefit paid weekly to mothers for each child; the new level will be $16.56 for the eldest child, $13.43 for younger ones. By contrast the budget imposed new levies on executives who receive "in-kind" benefits such as the use of company cars and mobile telephones; private car phones provided by employers will be taxed $356 a year. These measures hardly add up to a change in direction...
...struggling to "hold the situation together with gum and baling wire," says Jack M. White Jr. of the city's Coalition for the Homeless. Even Washington's most ebullient convert to the cause -- Housing Secretary Jack Kemp -- is full of ideas but inevitably short of funds. His latest initiative, Homeownership and Opportunity for People Everywhere, would promote home ownership for low- income tenants and support local nonprofit groups. But its total funding is only $750 million next year. The 1987 McKinney Act allotted $596 million this year to states and cities for homeless programs. But even that amount pales next...