Price of buildings up - 2004-01-22
The city of Redding failed to post a building record in 2003, but the value of permits were up for the sixth consecutive year.

Meanwhile, despite record-low mortgage rates and a rebounding economy, the number of single-family home permits Redding issued in 2003 was down from the previous year. It was the first significant decline since 1996, when the city issued 293 single-family home permits, compared with 351 in 1995.
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Hibernia National Bank and Fannie Mae Unveil $7.5 Billion Affordable-Mortgage Lending Initiative - 2004-01-22
A new $7.5 billion affordable-housing initiative is fueling the American dream in Louisiana, Texas and throughout the country. A renewed collaboration was announced Wednesday in Baton Rouge between Hibernia National Bank , Louisiana's leading mortgage lender, and Fannie Mae, the nation's largest source of financing for home mortgages.

Over a five-year period, the Home Grow initiative will give approximately 75,000 low- to moderate-income families an opportunity to become homeowners.
Read the full story at Business Wire