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Article: Senate Passes Housing Bill Banning Seller-Funded Downpayment Assistance, Nehemiah Corporation Of America Responds.
- Article from:
- PR Newswire
- Article date:
- July 11, 2008
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SACRAMENTO, Calif., July 11 /PRNewswire/ -- The following statement was issued today by Scott Syphax, President and CEO of Nehemiah Corporation of America in response to the Senate's passage of its Housing Bill that included language that would ban private downpayment assistance programs.
"We are extremely disappointed and astonished by the full Senate's decision to ban privately-funded downpayment assistance programs through the passage of its Housing Bill. This decision turns a blind eye to the overwhelming success of these programs and their role in helping hundreds of thousands of working families become homeowners. Moreover, the Senate has trivialized the ...