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THE WHITE HOUSE

Office of the Press Secretary


For Immediate Release December 29, 2000

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."

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