Ameridream and Nehemiah Downpayment Assistance Programs In Jeapordy

The Ameridream and Nehemiah seller-funded downpayment assistance programs are in jeapordy. They may be eliminated this fall unless Congress approves the FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008 (H.R. 6694).

For more on this story, check out the post over at LoCo Real Estate Musings. Here's an excerpt:

The Department of Housing and Urban Development apparently would rather eliminate these programs entirely than regulate them.

...the bottom line is that thousands of potential homebuyers will not be able to purchase homes if the programs are discontinued.

If you're a future home buyer that may be interested in utilizing seller-funded downpayment assistance programs such as Nehemiah or Ameridream, take the time to check out the links and make your voice heard.

Further Reading

http://www.supporthomeownership.com/

Groundswell - Fighting To Save Downpayment Assistance