http://www.themiddleclass.org/taxonomy/term/129 The taxonomy view with a depth of 0. en http://www.themiddleclass.org/bill/american-dream-downpayment-act-2003 <div class="field field-type-legislation field-field-legislation"> <h3 class="field-label">Legislation</h3> <div class="field-items"> <div class="field-item"></div> </div> </div> <div class="field field-type-number-integer field-field-position"> <h3 class="field-label">The middle class</h3> <div class="field-items"> <div class="field-item">Supports</div> </div> </div> <div class="field field-type-video-cck field-field-video-summary"> <h3 class="field-label">Video Summary</h3> <div class="field-items"> <div class="field-item"></div> </div> </div> <div class="field field-type-text field-field-injustice-facts"> <h3 class="field-label">Injustice Facts</h3> <div class="field-items"> <div class="field-item"><p>Number of renters who considered “coming up with enough money to make a down payment the biggest hurdle to becoming a homeowner,” according to a 2003 Mortgage Insurance Companies of America (MICA) survey: <strong>1 in 2</strong><br /> Number of “low income” American families that own their own home: <strong>1 in 2</strong><br /> Number of “low income” American families that could receive down payment assistance this year as a result of the American Dream Downpayment Act of 2003: <strong>40,000</strong><br /> Number of American families in the process of home foreclosure in 2003: <strong>640,000</strong></p> </div> </div> </div> <div class="field field-type-text field-field-summary"> <h3 class="field-label">Overview/Summary</h3> <div class="field-items"> <div class="field-item"></div> </div> </div> <div class="field field-type-text field-field-middle-class-position-ana"> <h3 class="field-label">Middle Class Position Analysis</h3> <div class="field-items"> <div class="field-item"><p><strong>The Middle Class Supports: </strong>Homeownership is one of the leading indicators of economic stability. However, for millions of American families, the high cost of buying a home is still out of reach for many. While homeownership was at a 30-year high in 2003, for many working Americans, particularly in communities of color, homeownership trailed the national average. This legislation will help millions of Americans clear the first hurdle to homeownership by directing $200 million per year to at least 40,000 low-income families in predominantly minority communities to help them afford a down payment or closing costs associated with buying a home, and launch them on a path to entering the middle class.</p> </div> </div> </div> <div class="field field-type-text field-field-related-blog-header"> <h3 class="field-label">Related Blog: Header</h3> <div class="field-items"> <div class="field-item"></div> </div> </div> <div class="field field-type-text field-field-quotes"> <h3 class="field-label">Quotes from Experts</h3> <div class="field-items"> <div class="field-item"></div> </div> </div> <div class="field field-type-text field-field-related-blog"> <h3 class="field-label">Related Blog: Text</h3> <div class="field-items"> <div class="field-item"></div> </div> </div> <div class="field field-type-text field-field-beyond"> <h3 class="field-label">Beyond this Bill</h3> <div class="field-items"> <div class="field-item"></div> </div> </div> <div class="field field-type-link field-field-related-blog-link"> <h3 class="field-label">Related Blog: Link</h3> <div class="field-items"> <div class="field-item"></div> </div> </div> <div class="field field-type-text field-field-additional-resources"> <h3 class="field-label">Additional Resources</h3> <div class="field-items"> <div class="field-item"></div> </div> </div> Downpayment assistance Housing Mortgage lending Public housing Tue, 25 Sep 2007 15:38:52 -0400 atraub 34 at http://www.themiddleclass.org