THE WHITE HOUSE
Office of the Press Secretary
STATEMENT BY THE PRESS SECRETARY
The President and Mrs. Clinton, residents of Chappaqua, New York, entered into a contract today for the purchase of a house in the Observatory area of Washington, D.C., for Mrs. Clinton's use while the Senate is in session.
The five-bedroom house, which includes a study and an office, was built in 1951; it has approximately 5,500 square feet and sits on 1/3 acre. The President and Mrs. Clinton are purchasing the house for $2,850,000 and have secured a loan commitment for $1,995,000 from their bank, Citibank.
The Clintons said: "We appreciate all the hard work of everyone who made our search for a place in Washington, D.C., productive and enjoyable. We particularly want to thank the homeowners and brokers who have been so kind to us during our search."