Nation: HOME, SWEET HOME: Kennedy's $6.1 Billion Housing Bill

By a vote of 235-178, the House last week whipped through the Kennedy Administration's vast housing bill. Already passed by the Senate, the program this week goes to a House-Senate conference, which is expected to reconcile minor differences between the two versions. By far the home-sweet-homiest bill in history, the Administration's program adds up to some $6.1 billion in loans and grants to be spent mainly during the next five years. Built upon a questionable foundation, Kennedy's housing bill is honeycombed like a Victorian mansion with baffling passageways—but it also possesses the political...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!