Political Quotes

Nydia M. Velazquez: “The first would require States and localities to ensure that families receiving the housing assistance are financially…”

On the recordOctober 1, 2003
The first would require States and localities to ensure that families receiving the housing assistance are financially prepared to maintain ownership of their homes after the purchase by requiring recipients to complete a course of homeownership counseling. Alternatively, if this is not feasible, grantees could provide information in advance to grant recipients describing the risks and responsibilities of homeownership, providing assistance in understanding the mortgage loan process and financing options, and making recipients aware of any homeownership counseling that is available locally.
Said by
Nydia M. Velazquez
New York
Source
govinfo.gov

Editor's note · Context

Discussing amendments related to housing assistance and homeownership counseling.

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