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AmeriDream
During Homeownership Month HUD Proposes a Rule That Would Eliminate Homeownership for 100,000 Homebuyers Annually
July 6th, 2008
Ann Ashburn, President of AmeriDream, Inc., issued the following statement criticizing a proposed rule issued June 16, 2008 by the U.S. Department of Housing & Urban Development (HUD) to eliminate downpayment assistance funded in part by sellers. Downpayment assistance programs, operated by charitable organizations in accordance with current law and HUD guidelines, have helped more than one million low to moderate income HUD-approved families and individuals buy their own homes for the past decade. A similar proposal by HUD last year failed after receiving over 14,000 comments opposing HUD's position and having implementation blocked by two Federal Courts. "As the rest...
Source: Pharma Investments, Ventures & Law Weekly (2008-07-06)
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