Big news about to hit the streets today.
Mike Jensen says the ink isn't dry but that a deal is very close to a new hotel to be committed to Old Town Fort Collins!
More as that infomation develops.
And congress also passed an anti-foreclosure bill.
Congress passes anti-foreclosure bill, an article from USAToday.com, reports that yesterday Congress sent the president legislation that encourages banks to reduce foreclosures. The Helping Families Save Their Homes Act was passed by the House with a 367-54 vote, and passed by the Senate with a 91-5 vote. Expanding an existing $300 billion program that encourages lenders to write down an individual's mortgage, the bill would swap out a homeowner's high-interest rate for a 30-year fixed loan backed by the FHA. The bill also expands eligibility.
http://www.usatoday.com/money/economy/housing/2009-05-19-foreclosures_N.htm
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