Following the introduction of mortgage subsidy, over 100 private homes were built and a further development of 72 rented homes took place.
Mr. King also receives a four-year mortgage subsidy of $3,500 a month.
"The wealthier you are," Mr. Hayes said, "the deeper the mortgage subsidy."
Because the Government offers big mortgage subsidies to people willing to settle in the occupied territories.
The rest will be sold at market rates, though the city will help people with lower incomes get mortgage subsidies.
The state has set aside $250,000 for mortgage subsidies for such buyers.
But he needs an edge, that's why he's offering a mortgage subsidy of £6,000.
Discounts, buy-backs, chainbreaking, free carpets, mortgage subsidies - the list gets longer as the stock of unsold new homes rises.
Gives me a mortgage subsidy, just because I'm with the department.
Ownership would be promoted through mortgage subsidies with state and Federal aid.