Take Action - Express Your Opinion supporting Legislation that allows for Down payment Assistance to continue. Click Here for a letter that can be sent on your behalf to your U.S. Senators and House Representative.
Click Here to read the article- August 2, 2008 - Builder, The Information Source for the Home Building Industry - "Public builder stocks fell by more than 15 percent upon news that the bill would eliminate as of Oct. 1 of this year the down-payment assistance programs widely used by builders."
Click Here to read the article - July 31, 2008 - The Arizona Republic - "...new home sales in the Valley could decline as much as 50%..."
Click Here to read the article - July 31, 2008 - The Reporter - Vacaville, CA - "...estimates that 50 percent to 60 percent of every home sale that closes right now benefits from Nehemiah..."
Click Here to read the article - July 30, 2008 - The Wall Street Journal - "...we have helped put more than one million deserving American families in homes. Recent research by Zelman & Associates reports that 10-25% of potential home buyers will have no way of securing home ownership without seller-funded down payment assistance..."
Click Here to read the article - July 30, 2008 - National Association of Residential Real Estate Investment Advisors - "...more than 300,000 working class families will be locked out of home ownership in the next year alone."
Click Here to read the article - July 30, 2008 - Sacramento Bee - "...60 percent to 70 percent of his loans through the FHA program...experts say the FHA's guarantees are playing a major role in the fledgling recovery in Sacramento's real estate market."
Here is a link to the new bill to bring Down payment assistance back:
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