Attention Sellers: New Market Possibility! - Posted by DanM(OR)
Posted by DanM(OR) on October 19, 1998 at 18:14:21:
I read the following article and thought that it was relevant to most here.
as stated in Saturday, October 17, 1998 Bulletin:
"WASHINGTON- A bill aimed at making home ownership easier and more affordable, particularly to low income families, was approved Tuesday by the House.
The bill would allow people who live in public housing to use their monthly “Section 8” assistance vouchers toward payments on a home. It also would authorize $1.6 billion for the home investments partnership program through fiscal 2003. The program provides grants to states and local governments to help expand affordable housing.
The sponsor of the bill, Rep. Rick Lazio, R-N.Y., said it will be critical in helping more low-income families buy homes.
The would also require the general accounting office, the investigative branch of congress, to conduct a feasibility study on requiring inspections of single family homes financed by the Federal Housing Administration before they are purchased. That provision was added after homeowners complained to lawmakers about discovering hidden problems with their homes only after signing the paperwork."
I hope this is good news to most!