What do you think about the new housing bill that the president signed?

From what I've seen so far, looks like it is really going to hurt my business. I work with first time buyers and this is how most of my clients purchase their first home. I do see that the 1st time home buyers are getting a tax credit at the end of the year. I am hoping this will help in my market not hurt it more than it is. But taking away the down payment assistance program is in my opinion, not good. And it looks like they raised the minimum down from 3 to 3.5%.