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DOM-20
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1993-02-17
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DOM-20 SCALE BACK THE HOUSING LOAN PROGRAM FOR RURAL HOMEOWNERS
Annual Savings Cumulative
(Millions of dollars) Five-Year
Savings from --------------------------------------- Savings
CBO Baseline 1994 1995 1996 1997 1998
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Eliminate New Lending
Budget Authority 320 320 330 340 350 1,650
Outlays 260 320 330 330 340 1,600
Reduce New Lending by 50 Percent
Budget Authority 160 160 170 170 170 830
Outlays 130 160 160 170 170 790
Increase Borrowers' Payments to 30 Percent of Income
Budget Authority 270 270 280 280 290 1,400
Outlays 1,750 270 280 280 280 2,850
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NOTE: Excludes savings in administrative costs.
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