Friday, July 6, 2007

The American Dream Program


I am a single mom also a veteran and Hispanic. I want to aquire my own home, have a safe haven so to speak. Something I can decorate to suit my tastes. I am doing research in trying to make this dream come true and for those interested found this article:

St. Louis, MO – U.S. Housing and Urban Development Secretary Alphonso Jackson and Mayor Francis G. Slay announced that affordable new homes will rise in St. Louis thanks to a new $15 million public-private venture launched by a collaboration of housing industry leaders. Freddie Mac (NYSE:FRE), U.S. Bank, Pulaski Financial Corporation, Mary "One" Enterprises/ Mary "One" Home Team Realty, Beyond Housing/Neighborhood Housing Services of St. Louis, Mother's Way/Opportunities Industrialization Centers of the Midwest forged an alliance to create an innovative approach to homeownership called Catch the Dream St. Louis.

Catch the Dream St. Louis is designed to expand affordable homeownership opportunities in the St. Louis area, especially for moderate-income and minority families. The new initiative will provide access to special low-downpayment mortgages with flexible credit terms, proven homeownership education and counseling programs, and HUD funds earmarked for helping qualified borrowers with downpayments and closing costs.

"Freddie Mac plays an important role in helping families realize their dreams of homeownership," said Housing and Urban Development Secretary Alphonso Jackson. "We look forward to Freddie Mac's continued emphasis on making affordable housing available to the underserved persons in our nation – those who have been shut out of homeownership in the past."

"All families deserve access to decent, safe and affordable housing," said Senator Kit Bond, Chairman of the Senate Appropriations Subcommittee that funds the Department of Housing and Urban Development. "It will be exciting to watch this new partnership in St. Louis transform the lives of so many families. I will continue to work to find innovative ways to expand the dream of home ownership to more families in Missouri and nationwide."
http://www.freddiemac.com/news/archives/afford_housing/2004/catchthedreamstlouis_060404.html

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