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Charitable down payment assistance

July 8th, 2008 5:55 AM by Joe Bell

Congress is considering passing legislation that would deny first time homebuyers down payment assistance funds from charitable foundations such as Ameridream and Nehemiah.

Charitable down payment assistance funds have enabled thousands of renters to become homeowners and have their share of the american pie. To deny future homeowners the assistance that these organizations provided will only make the housing market suffer more than it is now.

While lawmakers are trying to find solutions to prop up the sagging housing market, denial of charitable down payment assistance will only make matters worse.

This is NOT a good time to even consider such a measure. Please contact the congressman and Senator that represents you and urge them to vote against this measure.

Posted in:General
Posted by Joe Bell on July 8th, 2008 5:55 AM