Many low and moderate income Americans and first time homebuyers depend on the help and hope charitable downpayment assistance programs provide. If problems exist with current rules governing DPA programs, by all means let’s fix them. But these programs must remain in place so that the promise of homeownership remains a reality for the very families FHA was created to serve.
U.S. Representatives Al Green (TX-09), Gary Miller (CA-42), Maxine Waters (CA-35), and Christopher Shays (CT-4) have come together to reauthorizes and reforms charitable downpayment assistance by introducing bill H.R.6694. View the bill text for H.R.6694 here
In addition to bill’s Sponsor and Co-sponsors, these organizations and community leaders have come together to solve the issue.
> National Association of Realtors
> Community Housing Development Organizations
> Congressional Black Caucus
> Congressional Hispanic Caucus
> Labor Council for Latin American Advancement
> Mortgage Bankers Association
> National Association of Counties
> National Association of Home Builders (Letter to HUD)
> National Association of Home Builders (Letter to Rep. Barney Frank and Rep. Spencer Bachus)
> National Association of Home Builders (Letter to Senator Chris Dodd and Senator Richard Shelby)
> National Urban League
> U.S. Conference of Mayors
> 32,000 public comments supporting DPA view here