Many of you have had buyers that have benefitted from being able to buy a home using Down Payment Assistance. As you know, AmeriDream and other Down Payment Assistance (DPA) programs were eliminated October 1, 2008 due to the passage of H.R. 3221. You are probably asking yourself how Congress could eliminate these programs that are so critical to the stabilization of home prices and our economy.
We need you to take action! Congress is coming back to Washington, DC on November 17th for a week long Lame Duck Session where they plan to take up a new Economic Stimulus package and we need your help. Please call your Senators and House Representative today! Insist that the language in H.R. 6694 is included in any new Economic Stimulus package.
DPA programs promote responsible homeownership for credit worthy homebuyers, gives instant equity and do not use a single tax-payer dollar. Now is not the time to turn our backs on responsible homeownership! DPA provides affordable homeownership opportunities for low-to-moderate homebuyers. The ripple effect of those borrowers entering the market allows the “move-up” buyers to sell and re-purchase. New homebuyers are needed to stabilize home prices. Simply said, DPA needs to be brought back to allow the full recovery of our economy.
It's not too late! Take Action! Congress needs to hear from you TODAY!
Last month H.R. 6694 fell by the wayside because of the $700 billion bailout. Another chance is now before us….
H.R. 6694 will allow DPA to exist in a fiscally responsible manner and will NOT cost taxpayers any money, in fact it MAKES money for Treasury. We need programs like DPA. Programs that don't use tax-payer dollars and bring new credit-worthy home buyers into the market.
After all, tax-payers SPENT $700 billion to bail out Wall Street, it’s time Congress authorizes programs that help Main Street...and don't use my tax payer dollars. Don’t forget IT’S NOT TOO LATE, Call or write your Members TODAY!
Thank you!
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