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Non-Profit Downpayment Assistance Programs in Jeopardy!

Target: HUD and Key Members of Congress
Sponsored by: The Nehemiah Program
Privately funded downpayment assistance programs like The Nehemiah Program have helped over 600,000 families become homeowners and have also helped to stabilize neighborhoods, cities and families.

Now, the Department of Housing and Urban Development (HUD) has re-issued a proposed rule which would threaten low to moderate income families' access to downpayment assistance by eliminating all private downpayment assistance programs!

Help preserve private downpayment assistance programs for families who are credit-worthy, but lack the savings necessary to fulfill their homeownership goals.

deadline: 12-16-2008
goal: 10,000
 
9,874
signatures!

Sign the Petition  see who signed this
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The House and Senate both passed legislation stopping funding for this program. This petition is now closed.

Thank you for your interest. Please click here for more petitions.
Note: A copy of your letter to HUD will be delivered to nearly 20 Congresspersons. The following paragraph will be added to the copy:

"The proposed HUD rule would have a negative impact on our already struggling housing market. Please allow downpayment assistance with new regulations that protect both the homebuyer and the FHA insurance fund by establishing some combination of minimum FICO scores, maximum gift percent, minimum LTV or minimum debt-to-income ratio."

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Dear [Decision maker],

Downpayment assistance is a key element in helping more than one million families across the country become homeowners. Research indicates that home equity is the single largest source of wealth for most Americans.

I oppose the proposed HUD Rule and suggest regulating private downpayment assistance programs in order to increase their effectiveness. Helping people become homeowners adds to the tax base, improves communities, allows children to attend better schools and helps people gain wealth through the equity in their home.
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Sincerely,
[Your name here]
We took action on “Non-Profit Downpayment Assistance Programs in Jeopardy!”!
# 9,850:
6:06 am PDT, Jul 29, Victoria Nichols, Alabama
# 9,849:
6:06 am PDT, Jul 29, Annmarie Ciesla, Texas
# 9,848:
6:02 am PDT, Jul 29, Gary Doyle, Florida
# 9,847:
5:48 am PDT, Jul 29, Janet Amber, Pennsylvania
# 9,846:
5:46 am PDT, Jul 29, Kathryn Farrell, Michigan
# 9,845:
5:42 am PDT, Jul 29, Kelly Sinquefield, Mississippi
# 9,844:
5:22 am PDT, Jul 29, Tarena Ruff, Georgia
# 9,843:
4:43 am PDT, Jul 29, Gayle Robinson, Georgia
Without down payment assistance, there will be far fewer starter home purchases. Without starter home purchases, NO ONE moves up and the entire real estate market stagnates. Look at the real culprit for the foreclosure mess -- massive bureaucracy within the large servicing banks that doesn't work out reasonable options for borrowers who get behind. Refusing to take payments from those borrowers is insane.
# 9,842:
4:40 am PDT, Jul 29, Dawn Lunsford, Illinois
# 9,841:
4:23 am PDT, Jul 29, Lisa Walton, Georgia
Please save our private and public DPA programs
# 9,840:
4:01 am PDT, Jul 29, Mary Sylvia Williams, Ohio
# 9,839:
3:55 am PDT, Jul 29, Alan Paradis, Connecticut
# 9,838:
3:49 am PDT, Jul 29, MARY KROFT, Connecticut
# 9,837:
3:21 am PDT, Jul 29, Andrew Knapp, Wisconsin
# 9,836:
2:06 am PDT, Jul 29, Julia Adkins, North Carolina
# 9,835:
1:27 am PDT, Jul 29, Debbie Fodor, Arizona
# 9,834:
1:22 am PDT, Jul 29, Name not displayed, Kansas
# 9,833:
11:52 pm PDT, Jul 28, Cathy Sanchez, Texas
# 9,832:
11:28 pm PDT, Jul 28, Winona Monahan, Missouri
# 9,831:
11:26 pm PDT, Jul 28, Tamarah Swensen, Netherlands
# 9,830:
11:04 pm PDT, Jul 28, Sean Bailey, Washington
# 9,829:
10:27 pm PDT, Jul 28, Dyanna Gough, Arizona
# 9,828:
9:44 pm PDT, Jul 28, Brittany Budd, Wyoming
# 9,826:
9:19 pm PDT, Jul 28, Jennifer Cocke, Virginia
# 9,825:
8:53 pm PDT, Jul 28, Valorie Engholm, Missouri
# 9,824:
8:51 pm PDT, Jul 28, April Bennington, Alabama
# 9,823:
8:28 pm PDT, Jul 28, Al Mccausland, Florida
# 9,822:
8:12 pm PDT, Jul 28, Dreya Chapman, Pennsylvania
# 9,821:
8:09 pm PDT, Jul 28, Thomas Mertz, Ohio
Housing UnDone!
# 9,820:
8:09 pm PDT, Jul 28, Sabrina Poblete, California
# 9,818:
8:05 pm PDT, Jul 28, Name not displayed, California
Help Americans grow their assets and live secure, independent lives.
# 9,817:
7:25 pm PDT, Jul 28, Jackie White, Texas
# 9,816:
7:11 pm PDT, Jul 28, Donna Badger, Pennsylvania
# 9,815:
7:00 pm PDT, Jul 28, Michlle Rose, New York
# 9,814:
6:34 pm PDT, Jul 28, Kristen Louro, New Jersey
# 9,813:
6:26 pm PDT, Jul 28, Name not displayed, Canada
# 9,812:
6:24 pm PDT, Jul 28, Adele Lien, Massachusetts
# 9,811:
5:39 pm PDT, Jul 28, Melissa Sproul-singh, Georgia
keep the housing market as open as possible. It is tough enough already!
# 9,810:
5:27 pm PDT, Jul 28, Kelly Sexton, Kentucky
# 9,809:
5:15 pm PDT, Jul 28, Harrison P Bertram, Illinois
# 9,808:
5:06 pm PDT, Jul 28, Name not displayed, Arizona
# 9,807:
4:56 pm PDT, Jul 28, Amanda Cifra, Pennsylvania
HUD can not provide the down payment assistance to everyone that needs and deserves it. Why put a stop to something that is helping people? Our housing market benefits from these down payments as well. There are things that can be changed to make this funding work and beneficial to all, including HUD.
# 9,806:
4:45 pm PDT, Jul 28, Matthew Tripp, South Carolina
USA google = EXTINCTCULTURE (no space in the search term EXTINCTCULTURE then the top link.)
# 9,805:
4:42 pm PDT, Jul 28, Eaglesong Grant, Michigan
I am among the many who depend on HUD for housing assistance. Many families need assistance from HUD i order to obtain a "home" for the family.
# 9,804:
4:40 pm PDT, Jul 28, Patsy Kern, Indiana
# 9,803:
4:40 pm PDT, Jul 28, Kathryn Beaton, Michigan
# 9,802:
4:34 pm PDT, Jul 28, Antoinette Raymond, Massachusetts
# 9,801:
4:26 pm PDT, Jul 28, Kelsey Tollefson, Michigan
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