In 1981 a program for giving housing loans was started.
Many of the nation's banks are expected to write off their bad housing loans against these robust profits.
Indeed, repaying the housing loan has become one of Britain's central worries.
It helps to reduce the housing loan required for the purchase of the flat.
The housing loan was used to pay for building materials.
He offered to give inexpensive housing loans to the poor - but with only 300,000 available, more than 2 million people applied.
Because the deal includes federal housing loans, 20 percent of the units will be set aside for low-income residents.
Many institutions and people moved to the suburbs, a process that was facilitated by new federal housing loans.
The federal records also show that he had an interest-free housing loan of $2.25 million.
Chemical Bank did not finance the housing loan, he said, "strictly for economic and business reasons."