I had coffee this afternoon with Nehemiah Corp. of America President and CEO Scott Syphax, who earlier told his board and staff that the end of down-payment assistance seems iminent.
Syphax, always well wired to Washington, D.C., says he's told the House version of the big housing bill will copy the Senate's July 11 version. That means both will write into law a ban on the decade-old down payment assistance pioneered here in Sacramento at Antioch Progressive Baptist Church. It started as a way to help church members buy houses, spread natiionally and ignited a decade-old war with the federal government, which has never liked it.
Now it appears the feds are going to prevail. I'll have the full story on tomorrow's business page.
Syphax, always well wired to Washington, D.C., says he's told the House version of the big housing bill will copy the Senate's July 11 version. That means both will write into law a ban on the decade-old down payment assistance pioneered here in Sacramento at Antioch Progressive Baptist Church. It started as a way to help church members buy houses, spread natiionally and ignited a decade-old war with the federal government, which has never liked it.
Now it appears the feds are going to prevail. I'll have the full story on tomorrow's business page.
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