The Number of Americans Denied
Access to Homeownership Since
DPA Was Eliminated October 1st:
88241     GROUNDSWELL: FIGHTING TO SAVE DOWNPAYMENT ASSISTANCE
Our Impact

The Threat

You Can Help

Save DPA Now!
Tell Congress to pass
h.r. 6694

you can help restore
downpayment assistance

50 Days/50 Ways
one action each day to save DPA
housing professionals start here

In Touch

we’ll keep you up to date

On The Web     what's this? »

MySpace
Facebook
Twitter
YouTube
RSS
TypePad


Donate Now
support the grassroots campaign to restore DPA


Misguided Solutions | Fact vs Myth


Misguided “Solutions”
Threaten Home Ownership

Although H.R. 3221 was intended to “rescue” the housing industry, the elimination of downpayment assistance (DPA) programs beginning October 1st will have the opposite effect, pulling the American Dream out of reach of hard-working, credit-worthy Americans and further crippling the American housing market.

Nearly 40% of all FHA loans are originated with DPA.
These Federal Housing Administration loans are not sub-prime. Without DPA programs, an estimated 50,000 families per month will be locked out of homeownership.

Targeting minorities, women-headed households, and first-time homeowners.
DPA participants are diverse. Of the participants in Nehemiah, the largest DPA program, nearly half are first-time homebuyers are people of color and more than one-third are female-headed households.

A perfect storm: removing assistance and raising the hurdle.
In addition to eliminating vital support for responsible homeownership, the misguided H.R. 3221 increases the downpayment requirement from 3 to 3.5 percent in an economy where stable, creditworthy families have less cash than ever.

Outraged? Act now to support new legislation that corrects this mistake in the Housing and Recovery Act. Use the tools on this site to demand that downpayment assistance be restored.



Fighting for Families
Nehemiah Corporation of America

Site Links
DPA Works
Understand DPA
Real Families
Real Communities
Impact Map
Misguided Solutions
Fact vs Myth
You Can Help
50 Days/50 Ways
   
Write Congress
Tell Your Story
Post to Our Blog
Join Our Action Network
Use the Power of the Web
    Background Information
Mission & Vision
About Us
Corporate & Community Partners
Contact Us
Privacy Policy
Terms & Conditions
    Get Involved on the Web
MySpace
Facebook
Twitter
YouTube
RSS
TypePad
The Nehemiah Program
Copyright © 2008 Nehemiah Corporation of America. All Rights Reserved. info@dpagroundswell.org
Site Strategy commongroundconsulting.org | Engineering www.chad-wick.com | Design ps-portfolio.com