|
|
Article: With or Without A Housing Fund?; Some Lawmakers Want Fannie Mae, Freddie Mac to Give To Low-Income Ownership; Others Worry About Lobbying
- Article from:
- The Washington Post
- Article date:
- July 27, 2005
- Author:
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
|
Eight years ago, Margaret Dabreau was a single parent earning
$20,000 a year as a day-care worker. She signed up for a home buyer's
class with the nonprofit ACORN Housing Corp., received down payment
assistance to buy an $84,000 rowhouse in the District, and credits
the organization for the fact that she is earning equity in the
area's housing boom.
Owning a home "makes you feel like you're worth something," said
Dabreau, who appreciated the assistance so much she vouched for ACORN
Housing in a 1999 briefing for congressional staff.
Dabreau's stake in the home market may be a success when viewed as
an economic issue, but it also helps explain the political struggle
underway over a low-income ...