Speak up if you don't want DPA - Down Payment Assistance to go away on Oct 1, 2008 !
A Buyer with no money down already has very few finance options in which to purchase a home. Now it is going to be even worse!
Just a few short weeks ago President Bush signed into law legislation that contained a provision to eliminate charitable down payment assistance, effective October 1, 2008. This is a program has helped over 1,000,000 families purchase a home. Approximately 80% were 1st time home buyers and it was reported that 94% met their mortgage responsibilities!
If we act IMMEDIATELY, we do have an opportunity to get DPA back but it has to happen no later than September 30th, 2008.
The very day after Bush took DPA away, Congress introduced bipartisan legislation H.R.6694 that would reauthorize, reform and save charitable down payment assistance. H.R.6694. However, this must be passed by September 30thand we need your help! Its time you tell your elected officials in Congress that you support downpayment assistance and urge them to support H.R.6694.
Go to: http://www.supporthomeownership.org/ and voice your support of Downpayment Assistance in your communities, to your elected officials. This page is being updated continually and can be used to find Events, Rallys and Town Hall meetings happening in your communities.
All Real Estate professionals, Lenders and Homebuyers etc... need to voice their support for this critical issue. Our elected officials need to be educated on the impact the prohibition of non-profit downpayment assistance will have on our communities, the entire home buying chain, and the economy.
Please contact me with any of your Real Estate and/or Relocation needs:
Pam Jank, Realtor, GRI, CRS, ABR, RRS, PPS
Your North Idaho Real Estate Pro
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COLDWELL BANKER SCHNEIDMILLER REALTY
435 W. Hanley Avenue
Coeur d'Alene, ID 838315