DPAgroundswell

How will DPA act as a stimulus to the housing market?

As a result of the current economic crisis, a huge inventory of unsold houses has devastated the housing market. However, the downpayment requirement shuts qualified Americans out of homeownership. If these borrowers were enabled to purchase homes, it would provide a significant boost to the housing market as well as the entire U.S. economy.

Through H.R. 600, reformed downpayment assistance (DPA) can play an important role in the market's recovery and create sustainable homeownership opportunities for hundreds of thousands of credit-worthy borrowers.

Take action today! Write or call your elected officials and voice your support for DPA reform and H.R. 600.

Get Involved! Support DPA Reform

Join the DPA reform movement today.

• Write a letter to your elected officials in support of H.R. 600
  
• Contact your elected officials by telephone 
• Activate network of friends/associates (spread the word)
• Contact your Outreach Area Manager to find out how you can leverage your expertise as housing professionals, housing advocates, program beneficiaries, and grassroots activists

DPA Programs: Providing 235,000 Jobs Nationwide

According to the Waste/Fountain Study, the labor force impacts of downpayment assistance (DPA) programs are a critical part of the total economic impact.

DPA transactions create a total of 235,000 new jobs in the national economy, with employment compensation totaling $9.5 billion.

• Approx. 195,000 additional jobs from new housing construction.
• Approx. 39,600 additional jobs from new home sales.

America needs downpayment assistance.