Bloomberg - Scott Lanman - March 4, 2009 - The U.S. economy “deteriorated further” in almost all
corners of the country over the last two months and housing “remained in the
doldrums in most areas,” the Federal Reserve said in its regional business
survey. Through H.R. 600, downpayment assistance (DPA) programs can help the
stagnating housing market by generating $150 billion in home sales.
According to the
Waste/Fountain Economic Impact Study, DPA programs had a major
beneficial impact on the economy last year, creating $38.6 billion in
revenues, 235,000 jobs, and $4.6 billion in total tax revenues.
Breaking News:
Down-payment aid program
resurfacing
CNNMoney.com - February 10, 2009 - An article by Julianne Pepitone titled "Fewer job openings, more layoffs" stated that job openings have plummeted and layoffs have accelerated rapidly during a downward trend in employment that continues to spiral. Through H.R. 600, downpayment assistance (DPA) programs can play a key role in creating jobs, generating home sales and stimulating the economy. According to the Waste/Fountain Economic Impact Study, DPA programs had a major beneficial impact on the economy last year, creating $38.6 billion in revenues, 235,000 jobs, and $4.6 billion in total tax revenues.
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