Marvin Thomas's Blog - Archives August, 2008

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Home : Blogs : Marvin Thomas : Marvin Thomas's Blog : Archives August, 2008

Down Payment Assistant Programs to go away!!! - 08/05/08 12:26 PM

Under the Housing and Economic Recovery Act of 2008 (H.R. 3221), seller-funded down payment assistance (DPA), both direct or through a third party, is prohibited, effective October 1. AmeriDream Inc.'s president Ann Ashburn issued a statement last week calling for supporters of DPA to press Congress and the Department of Housing and Urban Development (HUD) to regulate - not eliminate - down payment assistance. She urged advocates to visit SupportHomeOwnership.com and make their voices heard. These programs help many American with low to moderate incomes to purchase the American dream of homeownership. Not to mention, help million of homeowners seller their … (1 comments)

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Marvin Thomas

Fayetteville, NC

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Allegiance Mortgage Corparation

Address: 3820 Raeford Road, Fayetteville, NC, 28304

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