Bold Colors Blog

Stickin’ it to the libs, one day at a time

Posts Tagged ‘Sub-prime’

For those who didn’t get a sub-prime mortgage–work 100 hours, get a house

Posted by Liberty on December 18, 2008

HUD hands out sweat-equity funds to 3 nonprofits

“The grants, through HUD’s Self-Help Homeownership Opportunity Program, consist of $13.25 million for Habitat for Humanity International and $6.625 million to the Housing Assistance Council, both of which are headquartered in Washington, D.C., and $6.625 million to Spokane-based Community Frameworks.”

“Self-Help” affordable housing…a nifty government give-away just in case you didn’t get a house you couldn’t afford via a sub-prime mortgage.  Just happened to notice the real money line near the bottom of this article.  Here we go:

Kooistra also decried the huge disparity between the budgets for HUD and the Defense Department, saying: “We need to change the way we think about affordable housing.”

Marty Kooistra is chief executive of Habitat for Humanity [Seattle/South King County] and I think he needs to brush up on the Constitution.  The common defense is mentioned in the preamble of the Constitution.  Giving away houses is not.

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