Bill Would Broaden Opportunities for Sustainable Homeownership

Posted by Michael Pannell on Tuesday, January 20th, 2009 at 1:42pm.

Bill Would Broaden Opportunities for Sustainable Homeownership Without Government or Taxpayer Dollars

“With foreclosures on the rise and banks maintaining their stranglehold on credit, we commend Congressman Al Green for recognizing the important role downpayment assistance can play in the markets recovery. Through H.R. 600, DPA offers a simple solution that can empower thousands of worthy families to take advantage of depressed home prices therefore reducing the glut of homes on the market. Further, it does so without spending a single government or taxpayer dime according to the Congressional Budget Office. Creating opportunities for sustainable homeownership will be a cornerstone to strengthening a crumbling housing market and breathing life back into the economy. As the Obama Administration takes the reins tomorrow, we call on Congress to reach across the aisle and prioritize broadening opportunities for responsible homeownership in America by reinstating DPA."

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