The Pullins Report - Help Protect Home Ownership

Tuesday, June 12, 2007




 


Why are the Feds Killing the American Dream?

For the last 10 years, down payment assistance (DPA) organizations have been making the American dream a reality for those who never thought it would be possible. These privately funded, non-profit programs have helped more than one million people become homeowners - yet the federal government is now considering a rule that would eliminate DPA and shut millions of potential buyers out of the housing market. Click here to tell them to keep their hands OFF.

In this fragile housing market, such a rule would have a devastating impact on families and communities, as well as all the real estate and lending professionals whose livelihoods depend on the sale and purchase of homes.

The federal government wants to force privately-funded affordable housing programs
to cease operations. You have fewer than 35 days to stop it!

By helping low- and middle-income Americans enter the housing market, DPA has not only given people the opportunity to gain equity and stability for their families - it has also spurred $11 billion of direct spending with $24 billion of net economic impact, without ever using government money or taxpayer dollars.

Now the federal government wants to replace this proven, effective program with a bureaucratic and expensive government version that could take years to get off the ground - while the people who need it suffer. Why "fix" something that isn't broken?

There are fewer than 35 days left in the comment period, but it can be stopped if you act now – a similar rule was proposed in 1999, and was defeated through the efforts of other outraged Americans. 

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