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To: y6162; org.whodat
Republicans did not feed off the housing bubble. Democrats did.

BWAHAHAHAHAHAHAHAHAHAHA!

In Bush's June 17, 2002 speech, he also called for the creation of the American Dream Down Payment Fund.

"And so here are some of the ways to address the issue. First, the single greatest barrier to first time homeownership is a high downpayment. It is really hard for many, many, low income families to make the high downpayment. And so that's why I propose and urge Congress to fully fund the American Dream Downpayment Fund. This will use money, taxpayers' money to help a qualified, low income buyer make a downpayment. And that's important."

34 posted on 07/03/2011 7:52:43 AM PDT by raybbr (People who still support Obama are either a Marxist or a moron.)
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To: raybbr

Yes but that damn, not head of the committee, queer franks caused this. Green wet BS.


35 posted on 07/03/2011 7:58:50 AM PDT by org.whodat
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To: raybbr

Aren’t you needed back at Huff Po? I think they need you to have a quorum for their group session on how to hate yourself.

Democrats are 100% responsible for the size and scope of the housing bubble and subsequent financial sector collapse.


40 posted on 07/03/2011 8:25:40 AM PDT by y6162
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To: raybbr
In a June 17, 2002 speech, Bush called for the creation of the "American Dream Down Payment Fund."

Ut oh---that doesn’t sound like a Republican.

Sounds more like one of those frickin neocons----conniving Democrats who infiltrated the Repub party----the con/artists managed to dupe Bush into all kinds of atrocities.

Neocons main goal was to decimate the party and kick Repub so/cons to the curb.

44 posted on 07/03/2011 8:48:45 AM PDT by Liz ( A taxpayer voting for Obama is like a chicken voting for Col Sanders.)
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To: raybbr

Republicans did not feed off the housing bubble. Democrats did.
BWAHAHAHAHAHAHAHAHAHAHA!

In Bush’s June 17, 2002 speech, he also called for the creation of the American Dream Down Payment Fund. “And so here are some of the ways to address the issue. First, the single greatest barrier to first time homeownership is a high downpayment. It is really hard for many, many, low income families to make the high downpayment. And so that’s why I propose and urge Congress to fully fund the American Dream Downpayment Fund. This will use money, taxpayers’ money to help a qualified, low income buyer make a downpayment. And that’s important.”

____________________________ These dollars look like a drop in a very large bucket. - The American Dream Downpayment Initiative (ADDI) was signed into law on December 16, 2003. The American Dream Downpayment Assistance Act authorizes up to $200 million annually for fiscal years 2004 - 2007.
ADDI Funding Status

In FY 2007, Congress appropriated $24,750,000 for ADDI. Previously, Congress appropriated $74,513,000 in FY2003 and $86,984 in FY2004, $49,600,000 in FY2005 and $24,750,000 in FY2006. ADDI provides downpayment, closing costs, and rehabilitation assistance to eligible individuals. The amount of ADDI assistance provided may not exceed $10,000 or six percent of the purchase price of the home, whichever is greater. The rehabilitation must be completed within one year of the home purchase. Rehabilitation may include, but is not limited to, the reduction of lead paint hazards and the remediation of other home health hazards. Eligible Customers http://www.hud.gov/offices/cpd/affordablehousing/programs/home/addi/


76 posted on 07/03/2011 5:59:47 PM PDT by anglian
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