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CHAMPS DECLARES DIVIDEND OF 8 CENTS PER SHARE

 ROCKVILLE, Md., Feb. 17 /PRNewswire/ -- Capital Housing and Mortgage Partners, Inc. (CHAMPS) (AMEX: CAP) announced today that the board of directors declared a dividend of 8 cents per share for the two month period Jan. 1 through Feb. 28, 1993. This dividend will be paid on March 31, 1993, to shareholders of record on Feb. 26, 1993. CHAMPS will begin trading ex-dividend on Feb. 19.
 This dividend covers only a two month period because CHAMPS pays its dividends on a 2-3-3-4 month payment schedule. Annualizing this dividend would require multiplying the first period's total by a factor of six, not four.
 CHAMPS is a self-liquidating real estate investment trust which invested in government-insured mortgage loans, mortgage-backed securities, and participating mortgage investments.
 -0- 2/17/93
 /CONTACT: James T. Pastore, 301-231-0323, or Susan B. Railey, 301-468-3120, both for Capital Housing and Mortgage Partners/
 (CAP)


CO: Capital Housing and Mortgage Partners, Inc. ST: Maryland IN: FIN SU: DIV

IH-DC -- DC009 -- 7225 02/17/93 10:37 EST
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Publication:PR Newswire
Date:Feb 17, 1993
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