From the Associated Press: Downpayment Aid OK'd for Poor Families
Find the text and bill status info here.
Find the text and bill status info here.
Rumpy Tuna said:- I hope this doesn't fuel more flight into the suburbs, but increases more reinvestment into the inner cities.
Kathie_WE said:Would be nice if parameters for redevelopment were included in the bill. Then again, why should federal assistance be used to help rebuild old communities when so many programs have helped create new suburbs?
Kathie_WE said:Rumpy --
I agree with you!!! The later part of my comment was a weak attempt at being sarcastic and an attempt to make an off handed comment about the many federal programs that have aided sprawl!!!
No more attempts at humor ...
mendelman said:Some people really need to be much more responsible for themselves.
Mud Princess said:she would not have been able to purchase a home with this assistance.
Wulf9 said:I'm pretty much opposed to all housing subsidies because they add to the cost of housing. Housing prices are usually based on monthly payments. If there is a 10% down payment grant, a person can make the payments for a $180,000 house, but the market price is $200,000.
Mud Princess said:Somehow I don't think someone who is eligible for grant assistance is going to be purchasing a $200,000 house...
Mud Princess said:Somehow I don't think someone who is eligible for grant assistance is going to be purchasing a $200,000 house...
Wulf9 said:$200,000 is half the median price in our area (It's now $414k median price in Sonoma County).
That's why so Many Californians are selling their houses and moving to YOUR neighborhood -- driving up house costs nationwide. Say "hi" to your new neighbors from California.
Mud Princess said:Not to *my* neighborhood. On the east coast, it's those damn New Yorkers that drive up the housing prices..