It could have been $37 billion if the average down payment coverage was little over 2%, but the Nehemiah program covered as much as 6%. But even at $37 billion, you're nowhere near "trillions."
And you're ignoring the American Dream Downpayment Act of 2003.
And you're ignoring
Bush Minority Homeownership Plan Rests Heavily on Fannie and Freddie
And you're ignoring Bush's own words to fellow Republicans --
"Thanks to our policies, home ownership in America is at an all-time high."
Here is a list of Non Profits including Nehemiah that provided funds for FHA DPA loans, the reference to Trillions included Sub Prime loans as well, but you wouldn't be able to understand this...
We provide the following information as a reference to the programs that provided FHA down payment grants and might return at some time in the future.
Ameridream
The AmeriDream program is designed to provide downpayment assistance to low and moderate income homebuyers who demonstrate the need for financial assistance. To use their program, Buyers must purchase a home enrolled in The AmeriDream downpayment Gift Program and qualify for a mortgage.
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AmeriDream Program- ]
Nehemiah
The Nehemiah program is a private California non-profit organization that offers down payment assistance programs to qualified homebuyers. This programs offers free gift funds to be used towards the down payment and closing costs for eligible FHA loan programs.
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Nehemiah Program- ]
HART
The Housing Action Resource Trust (HART) program is a California 501 c (3) non-profit housing and nommunity development corporation that promotes homeownership by offering down payment assistance programs to qualified low and moderate income homebuyers.
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HART Program- ]
Partners in Charity
The Partners in Charity (PIC) is a non-profit corporation that promotes homeownership by offering down payment assistance programs to qualified low and moderate income homebuyers. This programs offers free gift funds to be used towards the down payment and closing costs for eligible FHA loan programs.
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Partners in Charity Program- ]
Family Home Providers
With the Family Home Providers Program, those with an FHA loan or who pre-qualify for an FHA home loan may be eligible for 3% of the final contract price of the home. The home must appraise for the sales contract price or more, and the seller pays closing costs.
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Family Home Providers Program- ]
Future Home Assistance
Futures Home Assistance is a non-profit charity group which offers a down payment gift up to 6% of the closing costs of a home purchased with an FHA loan. You may be eligible for additional funds beyond the usual 6%.
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Futures Home Assistance Program- ]
Genesis of Grant America
Genesis Program, otherwise known as Grant America offers down payment assistance to low and middle income home buyers including those with an FHA loan or pre-approval for an FHA home loan. Grant America offers up to $34,000 in down payment assistance for new or resale homes.
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Genesis Program- ]
Newsong
Newsong provides down payment assistance for purchases of both residential and commercial properties. The program features a one-time gift to cover all closing costs, and those who qualify for an FHA loan are eligible to apply for Newsong.
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Newsong Program- ]
Responsible Home
The Responsible Home Ownership program is operated the non-profit Community Housing and Development Corp. This program offers down payment assistance specifically to low-income individuals who have steady income and good credit.
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Responsible Home Ownership Program- ]
Quickdown
The Quickdown program works together with non-profit agencies to offer down payment help for home buyers with approved or pre-approved FHA home loans. Quickdown is designed for first-time home buyers who can't afford to buy a home without down payment assistance.
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Quickdown Program- ]
American Family Funds
American Family Funds runs a non-profit charity called The Dove Foundation. This charity offers down payment and/or closing cost assistance to home buyers with FHA home loans and to those pre-approved for FHA loans.
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American Family Funds Program- ]
FHA Grant Programs for Down Payments
Stick to remedial subjects that only require a 3rd grade education...
