A significant technical challenge in deploying femtocells is controlling the interference from the underlay of femtos onto the overlay of macros. This paper presents a novel interference control method where the macrocell bandwidth is partitioned into subbands, and the short-range femtocell links adaptively allocate their power across the subbands based on a load-spillage power control method. The scheme can improve rate distribution in the macro network while also providing opportunities for short-range communication as well. Moreover, the proposed scheme requires minimal interference coordination communication between the femtos and macros, which is one of the main challenges in femtocell systems. Also, simulations show certain advantages over simpler orthogonalization schemes or power control schemes without subband partitioning. Further modest gains may also be possible with interference cancelation.