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4525567
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Ford Press Releases - Rent Subsidy, 1965
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4525567
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Ford Press Releases - Rent Subsidy, 1965
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Gerald R. Ford Congressional Papers
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1965-10-31
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1965
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1965
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The original documents are located in Box D9, folder "Ford Press Releases - Rent Subsidy, 1965" of the Ford Congressional Papers: Press Secretary and Speech File at the Gerald R. Ford Presidential Library. Copyright Notice The copyright law of the United States (Title 17, United States Code) governs the making of photocopies or other reproductions of copyrighted material. The Council donated to the United States of America his copyrights in all of his unpublished writings in National Archives collections. Works prepared by U.S. Government employees as part of their official duties are in the public domain. The copyrights to materials written by other individuals or organizations are presumed to remain with them. If you think any of the information displayed in the PDF is subject to a valid copyright claim, please contact the Gerald R. Ford Presidential Library. Digitized from Box D9 of The Ford Congressional Papers: Press Secretary and Speech File at the Gerald R. Ford Presidential Library CONGRESSMAN NEWS GERALD R. FORD HOUSE REPUBLICAN LEADER RELEASE FOR RELEASE AT 1 P.M. EDT October 25, 1965 President Johnson's harsh criticism of Congress for shutting off funds for his pay-your-neighbor's-rent scheme brings the major 1966 election issue into the glare of the public spotlight. Republicans welcome the opportunity to debate this issue in every precinct of the Nation. The President is frustrated because the Congress saw through his radical, revolutionary rent subsidy gimmick. When the President charged that false allegations defeated the rent subsidy program, he pointed his finger of accusation at one of his own the Federal Housing Agency. For it was this Agency's proposed regulations which helped to torpedo the President's scheme. Housing agency regulations of Sept. 28 ripped away the false label of so-called "low income housing" and revealed: 1. Proposed rent payments would be paid to families with annual incomes of up to $8,100. and this would not include extra family income. 2. The Federal Government under the LBJ proposal could pay up to 70% of monthly rental for families having up to $25,000 in personal assets. - more - CONGRESSMAN NEWS GERALD R. FORD HOUSE REPUBLICAN LEADER RELEASE (Rent subsidy) Page 2 Under the plan, a family with four children could have a subsidized four-bedroom apartment, or better accommodations than most Americans who pay their own way. Last week on the eve of final Congressional action on the rent gimmick, these regulations were suddenly withdrawn by the Federal Housing Agency. I challenge the President to publicly reveal for the first time the true maximum income limits under this proposed program. It is no secret in Washington that some of the most powerful special- interest groups in the country spent lavishly in a year-long lobbying effort to ram rent subsidy through Congress. When the program was sidetracked, it was not the Nation's poor who suffered, Rather, the big contractors, the big property owners, the big lending institutions were denied multi-million-dollar windfalls. The President accuses the Republican-led action against the rent subsidy plan as being based on "fear and mistrust." He is absolutely correct. We not only "fear and mistrust" the grandiose scheme, we pledge to fight it with considerable Democrat support when the President tries to push it through Congress next year. ###### CONGRESSMAN NEWS GERALD R. FORD HOUSE REPUBLICAN LEADER RELEASE FOR RELEASE AT I P.M. EDT October 25, 1965 President Johnson's harsh criticism of Congress for shutting off funds for his pay-your-neighbor's-rent scheme brings the major 1966 election issue into the glare of the public spotlight. Republicans welcome the opportunity to debate this issue in every precinct of the Nation. The President is frustrated because the Congress saw through his radical, revolutionary rent subsidy gimmick. When the President charged that false allegations defeated the rent subsidy program, he pointed his Onger of accusation at one of his own--- the Federal Housing Agency. For it was this Agency's proposed regulations which helped to torpedo the President's scheme. Housing agency regulations of Septo 28 ripped away the false label of so-called "low income housing" and revealed: 1. Proposed rent payments would be paid to families with annual incomes of up to $8,100..and this would not include extra family income. 2. The Federal Government under the LBJ proposal could pay up to 70% of monthly rental for families having up to $25,000 in personal assets. - more - GERALD FORD LIBRARY CONGRESSMAN NEWS GERALD R. FORD HOUSE REPUBLICAN LEADER RELEASE (Rent subsidy) Page 2 Under the plan, a family with four children could have a subsidized four-bedroom apartment. or better accommodations than most Americans who pay their own way. Last week on the eve of final Congressional action on the rent gimmick, these regulations were suddenly withdrawn by the Federal Housing Agency. I challenge the President to publicly reveal for the first time the true maximum income limits under this proposed program. It is no secret in Washington that some of the most powerful special- interest groups in the country spent lavishly in a year-long lobbying effort to ram rent subsidy through Congress. When the program was sidetracked, it was not the Nation's poor who suffered. Rather, the big contractors, the big property owners, the big lending institutions were denied multi-million-dollar windfalls. The President accuses the Republican-led action against the rent subsidy plan as being based on "fear and mistrust." He is absolutely correct. We not only "fear and mistrust" the grandiose scheme, we pledge to fight it with considerable Democrat support when the President tries to push it through Congress next year. # # # # # #