-- Can a couple coats of paint, some spackle and $15 billion keep foreclosed homes from bringing down the home market? A housing-rescue bill moving through Congress would allocate $7.5 billion in grants and $7.5 billion in zero-interest loans to states to buy foreclosed homes, rehab them, and resell them. The bill, sponsored by Rep. Maxine Waters (D-Calif.), passed committee last week and will most likely be taken up on the House floor this week. A Senate bill including a similar provision passed in April, appropriating $4 billion to the task.

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