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Article: Senate Passes Housing Bill Banning Seller-Funded Downpayment Assistance, Nehemiah Corporation Of America Responds
- Article from:
- U.S. Newswire
- Article date:
- July 11, 2008
CopyrightCopyright 2008 U.S. Newswire. Provided by ProQuest LLC. (Hide copyright information)
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To: REAL ESTATE EDITORS
Contact: Amanda Kiely, +1-212-446-1896, AKiely@sloanepr.com
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 ...