The Pullins Report - Help Protect Home Ownership
Tuesday, June 12,
2007
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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 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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