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I don't understand... does living in a certain neighborhood empower you to be different? I just assume people live in neighborhoods they could afford... I didn't think banks look at the address to see if an applicant is qualified for the loan...
I don't understand... does living in a certain neighborhood empower you to be different? I just assume people live in neighborhoods they could afford... I didn't think banks look at the address to see if an applicant is qualified for the loan...
HUD will then be forced to loan to certain folks in certain neighborhoods in order to be "fair" even if folks can't afford the home or not. The banks will of course gladly due it and securitize the loans and sell them over and over again to investors because when the payments aren't made the taxpayers will of course have to bail out the banks becuase the US government backs the loans. Where have we seen this all before? I know it's happened somewhere.
The trend is scattered site housing for low income people. It's the absence of concentration of low income housing in a given geographical area that separates it from it's predecessors, the housing projects. When government money is used to build new multi unit rental housing a percentage of units typically would be set aside for low income dwellers. Low income includes senior housing. Seniors are the primary beneficiaries of Section 8 housing.
What? Is this now the function of the federal government???
“This proposed rule represents a 21st century approach to fair housing, a step forward to ensuring that every American is able to choose to live in a community they feel proud of – where they have a fair shot at reaching their full potential in life,” said HUD Secretary Shaun Donovan.
so now we should use just our "race" to decide where we live. **** these fools.
More destruction of the middle class is what this is about. Notice they aren't talking about moving drug infested ghettos to the neighborhoods of the ultra rich.
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