Home Ownership Program Act

[AI summary unavailable — showing source text] Home Ownership Program Act - Directs the Secretary of Agriculture, through the Farmers Home Administration, to carry out in a selected number of counties or States a pilot program of credit extension to participating financial institutions at a rate of interest of four percent annually, to enable institutions to make mortgage loans to low- and moderate-income families residing in the service area of such institutions at interest rates of six percent annually.…