On July 30, 2008 President Bush signed the Housing and Economic Recovery Act of 2008 (H.R. 3221) into law. The legislation aims to help the housing sector, thereby supporting the nation's economy as a whole. The provisions and others in the bill will give a boost to Oregon's housing industry. The new resources will not be enough to cover all of Oregon's affordable housing needs, but will help many low-income households throughout the state.
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