In response to the housing crisis as a result of Hurricane Katrina, House Financial Services chairman Michael G. Oxley, R-Ohio, and Rep. Richard Baker, R-La., said they would adjust an affordable housing fund, currently in pending legislation, in order to meet housing needs of Katrina survivors.
If enacted, the change would stipulate that affordable housing in areas affected by Hurricane Katrina would receive priority consideration, including the actual disaster areas, as well as current locations where survivors are temporarily lodged.
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