DPAgroundswell

CBO Report: DPA Bill Creates Homeownership at No Cost to Taxpayers or U.S. Government

Tell Congress Support H.R. 600
Write your Congressional representative and tell them that you support the new, bi-partisan bill (H.R. 600) to restore and reform DPA! 

Cite the Congressional Budget Office (CBO) Cost Estimate report that you can read by clicking the link below. It shows that DPA can provide the liquidity and access to homeownership needed to push billions of otherwise lost dollars into the housing market and won’t cost taxpayers, Treasury or the U.S. government a thing. Language is already drafted through a bi-partisan bill and it has been vetted by the CBO.

Read CBO Report (PDF)

Submit a Letter to Your Elected Officials

H.R. 600 Introduced to Restore DPA

H.R. 600, FHA Seller-Financed Downpayment Reform Act of 2009, a bi-partisan bill sponsored by U.S. Rep. Al Green (TX-09), would reinstate seller-funded downpayment assistance (DPA). Currently, two members of the House have signed-on to cosponsor the bill.

Read H.R. 600 (PDF)

Cosponsors:
Rep. Miller, Gary G. (CA-42) - 1/16/2009
Rep. Waters, Maxine (CA-35) - 1/16/2009

Status: Referred to the House Committee on Financial Services

Source: Library of Congress - Thomas