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Seller paid down payment assistance

HR 600 looks to revive seller paid down payment assistance programs, Nehemiah, Ameridream, HART

by Scott Schang November 9, 2009 Down Payment Help

I received an update email from the Nehemiah Outreach department on Friday regarding a new bill being introduced by Rep. Al Greed (D-TX) that would revise H.R. 6694 and restore seller-funded down payment assistance.

Here is the email:
DPA Supporters,
DPAGroundSwell2 was launched today to coincide with the introduction of H.R. 600, FHA Seller-Financed Downpayment Reform Act of [...]

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H.R. 600 – FHA Seller -Financed Downpayment Reform Act of 2009

by Scott Schang November 5, 2009 Down Payment Help

Here’s an important update from GroundSwell2 – a grass roots effort to save FHA Seller-Financed Downpayment Assistance:
Downpayment Assistance = Economic Impact
 
Downpayment assistance (DPA) programs in the U.S. had a major beneficial impact on the economy last year, creating $38.6 billion in revenues, 235,000 jobs, and $4.6 billion in total tax revenues, according to an economic-impact [...]

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