.. today I lost something very important. So important, it warranted an email throughout my community for neighbors to help me search for it. I have never felt so empowered within a community as I do in West End and Westview. The amount of support, i.e. phone calls, emails, visits i received today was very over whelming…. to know that neighbors left their homes- went into the rain and got in their cars just to search- was heart felt.
I can not stress this enough- if you are looking for a supportive, safe environment to live- you will find it HERE! Come see what we have to offer.
www.WestviewAtlanta.com and www.AtlantaWestEnd.com
Housing Bill Shuts Down Non-Profit Downpayment Assistance Programs on October 1, 2008.
Take Action Today to Save Downpayment Assistance!
Nehemiah Corporation of America, a national non-profit organization, has helped over 300,000 families who would have otherwise been locked out of homeownership due to lack of downpayment funds.
Both the House and Senate passed H.R. 3221, Housing and Economic Recovery Act of 2008, a comprehensive piece of legislation that addresses a variety of housing related issues. The bill contains a provision (SEC. 2113) that forbids FHA from insuring mortgages in which the borrower’s downpayment comes from a private downpayment assistance provider, beginning October 1, 2008. As of this date, the minimum downpayment will be increased from 3% to 3.5%.
The bill is headed for the President’s desk where his prompt signature is expected. With the stroke of the President’s pen, downpayment assistance will be shut down in the United States on October 1, 2008.
The consequences will be devastating! By FHA’s own estimates, DPA comprises nearly 40% of FHA’s volume. This means more than 300,000 working class families will be locked out of homeownership in the next year alone. Communities across America will take the brunt of the $50 billion in lost real estate sales, not to mention the indirect impact on the real estate, mortgage and building sectors that will be forced to shed tens of thousands of jobs due to this dangerous legislation.
Act Now! Contact your elected officials and urge them to introduce and pass a bill that allows downpayment assistance to endure. Failure to act now will ensure the death of all private downpayment assistance programs. www.getdownpayment.com
on point!!! And just what I needed to pull myself out of the “Atlanta politics are over whelming me…” slump. WE DO HAVE A VOICE, AND AN ORGANIZED TEAM OF PEOPLE POSITIONING TO DO SOMETHING ABOUT THESE BUDGET CUTS, TAX HIKES AND HOW THEY AFFECT US!!
We will need to mobilize- which mean, you can not just read this blog. WE NEED YOU AT THE NPU-T MEETING ON MAY 14TH (NEXT WEDNESDAY). Come out and let’s show the city- we ARE the city. We RUN this city. Step up or Step OUT!
Ok- I like that… I may need to make some T-shirts with that..
WE ARE THE CITY. WE RUN THE CITY. STEP UP, OR STEP OUT!
Cute slogan, now let’s make it’s truth. See you next Wednesday.
There are a number of State, City and Non profit programs available to help with down payment assistance?
There are a number of State, City and Non profit programs available to help those with challenged credit, to get you into a home within 90days or less?
There are a number of programs available just for those wanting to live within the city? For those with low-mid income wanting to live in neighborhoods such as the West End or Westview?
If you didn’t know- you better ask. I’ll gladly direct you to a few mortgage specialist that are approved for many of these programs, who will work with you in finding the right one for you!