Skip to comments.Vision a victim of own success
Posted on 06/15/2003 11:58:05 PM PDT by farmfriendEdited on 04/12/2004 5:51:21 PM PDT by Jim Robinson. [history]
While the Nehemiah housing concept grew like wildfire, its big profits brought a legal fight.
In 1996, Don Harris, a young preacher and lawyer trying to develop senior housing in south Sacramento, had a vision.
He would create a nonprofit company that would give hard-working Americans with good credit, but modest incomes and little or no savings, the down payments they needed to buy homes. The company then would recoup those down payments, plus a small service fee, from sellers in slow markets happy to get qualified buyers willing to pay full market price.
(Excerpt) Read more at sacbee.com ...
In America, when you create an organization which blazes a trail to a $30 billion industry, you're supposed to come out rich! Doesn't say you won't do good with the money, quite likely you will.
But if you have demonstrated--not just bragged about--your insight into the fulfiling of the practical needs of we-the-people, that puts you on a different and higher plane from "the smartest woman in the world." And I suppose that naturally puts a bull's eye on your chest for those who lust after the credit for the work of other people. The Ambulance Chaser Party.
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