down payment assistance: CONGRESS REAUTHORIZES DOWN PAYMENT ASSISTANCE - 08/13/08 03:23 PM
Some great news...On August 1st, Congress introduced H.R. 6694, a bill which would reauthorize and reform charitable down payment assistance. The bill would remedy a harmful provision in the new housing law which limits homeownership opportunities for low and middle-income Americans and was sponsored by U.S. Reps Al Green (D-TX), Gary Miller (R-CA), (0 comments)
down payment assistance: FHA and Down Payment Assistance-Good News for Now - 11/02/07 05:19 PM
Back in May of 2006, the IRS adopted a position that non-profit programs should not participate in down payment assistance programs. Then in May of this year, HUD proposed a rule that, basically, would end all down payment assistance gift programs. However, this week the judge awarded an injunction which will prohibit HUD from facilitating (0 comments)
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