Nehemiah won its litigation against HUD!!!
Well for all that have not heard, down-payment assistance is still available.....FOR NOW.
HUD wanted to ban these, but Nehemiah filed suited and won a summary judgement to allow them to continue to offer this program. However, Congress is still working on a FHA Reform Bill which could possible put an end for the DPA programs, altogether.
So for all of us in declining markets who can't find 100% financing options for our clients through conventional programs, our last alternative is FHA with down payment assistance to get into a home with no money down.....good luck to all.