Up to 11,000 Pennsylvanians could benefit from low-interest home loans under a $1.2 billion state package announced Tuesday that is meant to stimulate the housing market. ''To kick-start the housing recovery we need to repair the damage of the past few years and again make it possible for qualified homebuyers to get loans,'' Gov. Ed Rendell said in announcing the package.
Key elements of the $1.2 billion program include making 11,000 30-year, fixed-rate, low-interest mortgage loans and providing $50 million for approximately 450 home construction loans to encourage building activity and create jobs.
