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06-01-2008, 11:27 PM #1
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No Funding for Raza Development in Foreclosure Act
I recently made a phone call to the office of Congressman Barney Frank in regards to the funding for the La Raza Development Fund that was in legislation a month or so ago.
here is the reply----
Thank you for contacting me with your concerns about the housing funds initially provided for the Raza Development Fund in the Housing Rescue and Foreclosure Prevention Act, which, as you know, I sponsored in my capacity as chairman of the house financial services committee. There were earmarks inserted into the bill for several organizations, including LaRaza, and in moving forward the committee decided it was inappropriate to include these funds in the larger housing bill, The funds have been removed and will not appear in any future version of the legislation as it moves forward in the senate and in conference
Barney Frank
4th District,
State of Massachusetts
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