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1252376
label
6/24/75 - Opening Statement for Press Briefing
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doc
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document
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1
Source metadata
id
1252376
sourceUrl
contentType
document
title
6/24/75 - Opening Statement for Press Briefing
citationUrl
collections
President's Speeches and Statements Reading Copies (Ford Administration)
Reading Copies of Presidential Speeches and Statements
subjects
Press conferences
Vetoes
Housing
Speeches, addresses, etc.
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1252376
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24
logicalDate
1975-06-24
month
6
year
1975
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day
24
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1975-06-24
month
6
year
1975
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nara-archive
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1
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0
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65f52f724b0fca8c
ocrText
The original documents are located in Box 10, folder "6/24/75 - Opening Statement for
Press Briefing" of the President's Speeches and Statements: Reading Copies 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. Gerald Ford 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States of America his copyrights in all of his unpublished writings in National Archives collections.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 10 of President's Speeches and Statements: Reading Copies at the Gerald R. Ford Presidential Library
THE PRESIDENT HAS SEEN
OPENING STATEMENT FOR PRESS BRIEFING
TUESDAY, JUNE 24, 1975
- 1 -
TO HELP SPEED THE RECOVERY ALREADY UNDERWAY IN THE
HOUSING INDUSTRY, WHOSE HEALTH IS VITAL TO OUR OVERALL
ECONOMIC RECOVERY, I HAVE TODAY DIRECTED THE SECRETARY OF
HOUS ING AND URBAN DEVELOPMENT, CARLA HILLS, TO RELEASE
$2 BILLION IN PREVIOUSLY-AUTHORIZED FEDERAL FUNDS TO ASSIST
- 2 -
IN THE PURCHASE OF HOME MORTGAGES. THIS ACTION WILL
IMMEDIATELY MAKE NEW MORTGAGE MONEY AVAILABLE TO HOME-BUYERS.
more - 3 -
TO HELP PUT WORKERS IN THE BUILDING TRADES BACK TO
n
WORK, I AM REQUESTING THE CONGRESS TODAY TO AUTHORIZE AN
ADDITIONAL $7.75 BILLION FOR THIS PROGRAM AND TO EXTEND IT FOR
ANOTHER YEAR UNTIL JULY 1, 1976.
- 4 -
TO PREVENT THE POSSIBILITY OF FORECLOSURES ON HOMES WHOSE
OWNERS ARE TEMPORARILY OUT OF WORK, I AM ALSO REQUESTING THE
CONGRESS TO MOVE AS RAPIDLY AS POSSIBLE ON LEGISLATION INTRODUCED
BY CONGRESSMAN LUD ASHLEY OF OHIO AND CONGRESSMAN GARRY BROWN OF
MICHIGAN AND OTHERS TO PROVIDE MORTGAGE PAYMENT RELIEF LOANS AND
CO-INSURANCE FOR LENDERS WHO REFRAIN FROM SUCH FORECLOSURES.
- 5 -
THIS LEGISLATION WILL PROTECT HOMEOWNERS AND HEAD OFF
NEEDLESS FORECLOSURES.
- 6 -
THE STEPS I HAVE ANNOUNCED TODAY ARE THE BEST WAY TO
MEET THE PROBLEMS OF HOUSING IN THIS COUNTRY.
I AM,
THEREFORE, VETOING H.R. 4485 BECAUSE IT WILL HAMPER THE RECOVERY
NOW UNDERWAY AND WILL ADD TO THE OVER-SIZED FEDERAL DEFICIT.
- 7 -
NOW I WANT TO INTRODUCE SECRETARY HILLS WHO WILL
FILL YOU IN ON MY PROPOSALS TO PROTECT HOME OWNERS
STIMULATE HOME BUILDING AND PROVIDE MORE BUILDING TRADES JOBS.
THANK YOU.
END OF TEXT