Restore downpayment assistance programs for qualified homebuyers who need just a little bit of help to buy a home, stimulate the economy, stabilize home prices, and revitalize neighborhoods.

A report issued by the Congressional Budget Office (CBO) confirms that H.R. 600 would not cost the federal government or taxpayers any money. In fact, the Congressional Budget Office estimates that seller-financed DPA will generate $65 million over the next five years and save taxpayers $13 million next year.

Reinstating DPA could help ensure continued liquidity in the stagnating housing market by providing aid to an estimated 600,000 working-class people for home purchases next year, generating $150 billion in home sales.

In order to restore downpayment assistance programs, we need to urge Congress to include H.R. 600 in the new stimulus bill. Reviving DPA under new standards will effectively balance the risk of potential foreclosures with the goal of increasing homeownership.

Act Now! Write your two Senators and House Representative and tell them that you support the new, bi-partisan bill H.R. 600 to restore and reform DPA!